This has been a good holiday season so far for retailers, with consumer confidence buoyed by a strong labor market, income gains, and the stock market climbing to record highs.
It is traditionally a make-or-break time for retailers, and they have been making it big this year. Even before the holiday season began, things were looking good for the nation’s merchants. Retail sales were surprisingly strong in November — increasing 0.8% from October and up 5.8% from a year earlier, the largest yearly November gain since 2011.
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