© 2024 WRVO Public Media
NPR News for Central New York
Play Live Radio
Next Up:
0:00 0:00
Available On Air Stations

Retailers Are Disappointed With Weak Holiday Sales


NPR's business news begins with disappointing holiday sales.

Holiday sales rose by less than 1 percent from the year before, according to MasterCard's SpendingPulse unit. That's the slowest growth in spending since the 2008 recession. Even online sales - which posted double digit gains over the past few years - were lackluster this year.

Analysts said Superstorm Sandy had a lot to do with the slump. Mid-Atlantic states hit hard by Sandy saw steep declines in sales, which in turn dragged down the national tally. Transcript provided by NPR, Copyright NPR.