Holiday Retail Sales Rose 3% This Year

By Sheridan Fifer

Holiday shopping got off to an early start this year as retailers used sales events and promotions to encourage shoppers to buy sooner rather than later. That didn't prevent a great deal of last-minute shopping, but it did stretch out the holiday shopping season, giving shipping companies a bit of breathing room in the midst of retailers' massive e-commerce growth.

Analysts envisioned a couple different scenarios for holiday retail sales, and they all referenced the "wild card" of the coronavirus pandemic. Now the results are in: holiday retail sales rose 3% this year, buoyed by e-commerce. 

Online shopping sales also grew a whopping 49% between October 11 and December 24, further emphasizing how the Covid-19 pandemic has reshaped shopping habits.

Read the full story at CNN Business.