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U.S. Online Sales Fuel Retail Gains Over Thanksgiving Weekend

wochit business
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December 01, 2013 AT 12:45 PM
ComScore Inc, an analytics firm whose data is closely watched by Wall Street, said U.S. online sales rose a total of 17.3 percent on Thanksgiving and Black Friday, the unofficial kick-off to the holiday spending season. The National Retail Federation estimated on Sunday that retail sales over the full Thanksgiving weekend will reach $57.4 billion, with the average shopper spending $407.02, down from $423.55, because of lower prices.