Retail

Holiday season off to solid start as 190 million people shop Thanksgiving weekend

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Holiday shoppers take part in early Black Friday shopping deals at the Gap store in Times Square in New York.

Brendan McDermid | Reuters

The holiday shopping season has begun in earnest, with nearly 190 million consumers shopping between Thanksgiving and Cyber Monday, the National Retail Federation said Tuesday.

The retail trade group said that’s up 14% from the same period a year ago. On average, those shoppers spent $361.90, up 16% from last year.

In October, the NRF released its initial forecast, predicting that holiday retail sales in November and December will grow between 3.8% and 4.2% from a year ago. The retail group did not revise its forecast on Tuesday.

Last year, holiday sales,…



Source cnbc.com

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