NEW YORK: Heavy discounting took a toll on U.S. retail sales during the Thanksgiving weekend as shoppers spent less than they did a year earlier, according to data released Sunday by an industry group.
That could be an indication of a more difficult season for many retailers. One bright spot this weekend, according to the data, was e-commerce as online sales soared.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
