U.S. shoppers spent 2.4 percent more during the weekend before the Christmas holiday this year, giving a boost to retailers in the final days of 2014. Purchases during the so-called Super Saturday weekend rose to $42 billion, up from $41 billion during the same weekend a year ago, said Craig Johnson, president of Customer Growth Partners, a research firm. The performance on the Saturday before Christmas, one of the busiest shopping days of the year, indicates that this holiday season may fall short of early estimates that it would be the best in three years.
New Canaan, Connecticut
Back-to-school spending may rise as much as 16 percent in the U.S. this year, reversing year-ago declines and putting more muscle behind the economic rebound. Families with students plan to spend about $55.1 billion in the period, compared with $47.5 billion a year earlier, the National Retail Federation said, citing consumers surveyed by BIGResearch.