According to the U.S. Department of Commerce and the National Retail Federation (NRF), January’s retail sales ended at $416.6 billion, an increase of 0.1% over December and up 4.4% over January 2012. In addition, retail sales starting in the beginning of November 2012 through end of January 2013 increased 4.5% annually.
The NRF believes this increase is based on several factors including fiscal cliff negotiations causing a slight increase in salaries and better housing markets. For more information on improving retail sales, causes, and the NRF’s predictions for the coming year, click the green button below.
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