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Holiday Sales in 2014, the best since 2011

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Apparel Online India February, 1-15, 2015

Improving labour market and lower gas prices triggered growth

Rising dollar, drop in fuel prices and a stronger US economy fuelled consumers’ desire to spend more in stores during the holiday season in 2014, making it the best season for US retailers since 2011. Severe weather conditions did not dampen sales as consumers took advantage of heavy promotions, last minute deals and early sales. According to the National Retail Federation, retail spending was up by four per cent from US $ 601.8 billion in 2013 to US $ 616.1 billion in 2014, claiming it to be the best holiday season sales that the retail industry has seen for a long period. As compared to the previous holiday season, the holiday season in 2014 saw retailers rejoice as consumer confidence…

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Source: Apparel Online India February, 1-15, 2015
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