The 2022 Christmas shopping season was even worst than first thought, according to figures released by the U.S. Commerce Department.
Retail stores, restaurants, and even popular online shopping venues saw disappointing sales across the country in November and December.
The Commerce Department was expecting a decline of 0.8 percent, but sales fell 1.1 percent in December.
November sales were also lower than first reported, with an adjusted one percent decline after initial reports of sales being off by 0.6 percent.
Massachusetts Residents Spent Christmas Cash At Casinos Not Malls Saved 277 words The 2022 Christmas shopping season was even worst than first thought, according to figures released by the U.S. Commerce Department. Retail stores, restaurants, and even popular online shopping venues saw disappointing sales across the country in November and December. The Commerce Department was expecting a decline of 0.8 percent, but sales fell 1.1 percent in December. November sales were also lower than first reported, with an adjusted one percent decline after initial reports of sales being off by 0.6 percent. The Salem Times says things were not much better here in Massachusetts, where retailers saw “sluggish sales over the holidays and still face pressures from rising labor costs and the lingering pinch of inflation.” The paper says the Retailers Association of Massachusetts reports, “employers in the state saw an estimated 1.2 percent increase in sales in November and…
