The American retail industry had banked on a 3.7% overall growth rate in 2015 holiday retail sales.
https://nrf.com/media/press-releases/national-retail-federation-forecasts-holiday-sales-increase-37
The announcement of a 7.9& overall growth rate in sales largely debunks a persistent view of consumers hoarding the windfall energy savings of 2015.
http://www.reuters.com/article/us-usa-holidayshopping-mastercard-idUSKBN0UB0Z620151228
Such a growth rate suggests that analysts will need to revisit their earnings forecasts for major US retailers, particularly in large names such as Costco and Amazon.
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