1. December Retail Sales Slide 1.9% Amid Shortages And Omicron

    December Retail Sales Slide 1.9% Amid Shortages And Omicron

    Americans, beset by product shortages, rising prices and the arrival of omicron, sharply cut their spending in December after a burst of early spending in the fall that helped bolster the holiday season.

    Retail sales fell a seasonally adjusted 1.9% in December compared with the previous month when sales increased 0.3%, the U.S. Commerce Department said Friday.

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