Data on retail sales can be volatile from month to month, aren't adjusted for inflation and don't include spending on most services such as housing and health care.
"We knew going in that retailers were going to have a good holiday season, but the results are even better than anything we could have hoped for", said Matthew Shay, NRF president and CEO.
U.S. Federal Reserve officials expected consumer spending will continue moderate growth in the near term, underpinned by the strength of the labor market, further improvements in household net worth, and buoyant consumer sentiment, according to minutes of Fed's policy meeting in December a year ago.
Holiday sales from November 1 through December 31 rose 5.5 percent over the same period in 2016, to $691.9 billion. "Our consumer data showed that small home-related items like decor and accessories were one of the most popular gifting categories this holiday season". The lobbying group had forecast holiday spending growth of 3.6 percent to 4 percent.
Not all categories of retail fared well in December.
Every retail category except for sporting goods showed gains during the final two months of the year, according to the NRF.
"We see a very healthy consumer, and we see a lot of signs of the strength of that consumer", Mr. Andrus said.
Overall though, the IHS said the holiday sales lifts its outlook for the fourth quarter. Bon-Ton Stores, like many other retailers, has faced challenges as customers shifted from brick-and-mortar and mall shopping toward online retailing, and The Wall Street Journal has reported the chain has considered a possible bankruptcy filing. Fluctuations in sales often reflect changes in gas prices, not volume. Spending was up at furniture sellers, grocery stores and restaurants.
Another tweeted: 'I mean, it's been fun to joke about Oprah running for president, but that speech really was presidential. If she runs, she will destroy anyone in front of her". "I don't think she had any intention of declaring", she added.
David Heyman from Harry Potter-fame will produce the film as well as Tarantino himself, Georgia Kacandes, and Shannon McIntosh. If the rumors are anything to go by, then this movie might not just have DiCaprio , but an star-studded ensemble.
On December 20th the owner of the nursing company received a "cease and desist" letter from Lee's attorney, Tom Lallas . Marvel visionary Stan Lee's puck drop at an upcoming Arizona Coyotes pregame has been cancelled, AZCentral reports.
Walmart plans to start paying its one million U.S. workers at least $11 an hour and give them a one-off cash bonus. Sam's Club locations across the country are abruptly closing for good without warning to staff and customers.
James Brokenshire said he was quitting because he is about to have surgery for a lesion on his lung and will need time to recover. Theresa May, centre, with the new Tory party chairman Brandon Lewis , left, and his deputy James Cleverly right.
However, the Los Angeles Times caught up with Wiseau after the ceremony, at which point praised Franco as an actor and director. Franco shut that down pretty quick, but it was probably the only way that moment could have gone.
The talk show host's widely-applauded speech focussed on the plight of sexually abused women and the "MeToo" movement. The vanity campaigns by the rich and famous have to end before they're even allowed to start.
However, it is also a disputed territory, contested by both Israel and Palestine, which sees it as a capital of its future state. Trump's stance on Jerusalem , which is revered as a holy site by Jews, Muslims and Christians, upended long-standing USA policy.
Riven by partisan conflict, the committee appears to be on track to produce two reports - one from each party. The most aggressive of the three committees so far, with a reasonable appearance of bipartisanship.
Why are they taking risks? " China is a powerful country but we are not a weak nation", Bipin said, Times of India reports. Militarily, the focus has to shift to the northern borders - for too long we have focused on the western borders.
Cohen said in a statement to The Journal that Trump "once again vehemently denies any such occurrence as has Ms. Trumpism, understood correctly, at its core, could always be summed up as Donald Trump first.
Detective Pikachu Coming to 3DS March 2018
For those who haven't been keeping up, Detective Pikachu is a mystery adventure game, somewhat similar to the Ace Attorney titles. While Ryan Reynolds has the role of Detective Pikachu in the upcoming feature film, he's not the voice you hear in the trailer.
Merkel pledges 'fresh start' for Europe with new government
The parties pledged that Germany will play an active role in the debate on the EU's future and strengthening European integration. The three coalition parties' support dropped by a cumulative total of almost 14 percentage points in the election.
Delta operating profit declines 12% to $6.11bn in 2017
ILLEGAL ACTIVITY WARNING: " Delta Air Lines ( DAL ) Updates Q1 Earnings Guidance " was published by BBNS and is owned by of BBNS. WARNING: This story was originally posted by The Lincolnian Online and is the property of of The Lincolnian Online.
We Can Use NAFTA to Pay for Border Wall
He also noted the US business community is largely opposed to the Trump administration's stance on NAFTA. Some Americans have been detecting lately that the pro-NAFTA lobby effort is working.
NBC To Stream Olympics Video In Virtual Reality
And when they land on the top of the podium, they'll be wearing intensely warm gear that was unveiled Tuesday by Nike and the U.S. Overall, Emrick has worked five Olympic Games for NBC, two for CBS and one for TNT, including sports other than hockey.
Elliott DeGeneres, proud father of Ellen DeGeneres
The rain triggered massive mudslides . "This looks photoshopped", DeGeneres says showing the photo on the screen behind her. Our hearts go out to DeGeneres. "In addition to what's going on in Montecito , I lost my dad this week", DeGeneres said.
Bungie talks about the future of Destiny 2
Crimson Days ( Destiny's Valentine's Day event) will be on this year (after having skipped last year ), starting February 13. When multi-emote launches, you will be able to choose which emote you have equipped to each of your four emote slots.
China warns of United States protectionism after Huawei setback
The letter also cited apprehension regarding a pending deal between Huawei and an unnamed American telecommunications company. Samsung had previously filed a countersuit, also in China, accusing Huawei of infringing 4G-related patents, WIPR reported .
Marriott, Delta in hot water with China
Taiwan and the mainland split in 1949 after a civil war but the Communist Beijing government claims the island as its territory. Marriott apologized profusely, saying it respects and supports the sovereignty and territorial integrity of China.