Holiday sales rose 3 percent below 3.7 percent gain

January 15, 2016 byAnne D'innocenzio

Holiday shoppers flocked online during the critical holiday shopping season, but overall sales in November and December were disappointing.

Sales rose 3 percent to about $625.9 billion, according to The National Retail Federation. That's below the forecast for a 3.7 percent gain the group had expected. The shortfall came even as stores aggressively pushed discounts throughout the .

The disappointing total sales figure underscores challenges for retailers ahead as shoppers continue to shift away from physical stores and research and buy online.

Indeed, , which are included in the figure, rose 9 percent to $105 billion. That's higher than the group's original forecast of 6 percent to 8 percent growth.

Explore further: Holiday sales pattern skews online; malls lose some luster (Update)

Related Stories

Best Buy reports weak holiday shopping results, outlook

January 14, 2016

Best Buy's shares sank Thursday after the nation's largest consumer electronics chain reduced its sales outlook for the fourth-quarter as it reported weak holiday business in mobile phones and personal devices.

Recommended for you

Making it easier to collaborate on code

October 26, 2016

Git is an open-source system with a polarizing reputation among programmers. It's a powerful tool to help developers track changes to code, but many view it as prohibitively difficult to use.

Dutch unveil giant vacuum to clean outside air

October 25, 2016

Dutch inventors Tuesday unveiled what they called the world's first giant outside air vacuum cleaner—a large purifying system intended to filter out toxic tiny particles from the atmosphere surrounding the machine.


Please sign in to add a comment. Registration is free, and takes less than a minute. Read more

Click here to reset your password.
Sign in to get notified via email when new comments are made.