Business News

It's All About Retail Sales

As we start the last trading week of 2015 it is all about retail sales, most of the internet kind.  Amazon said its Prime service had a "record-setting" holiday season. More than 3 million members joined Prime in the third week of December alone, bringing its total membership to tens of millions. Amazon says 200 million items received free shipping this year, reaching a record. (CNBC)
 
FedEx  was forced to run extra shifts to clear a backlog of deliveries through Christmas day. A spokesperson cited a combination of unforeseen volume and severe winter weather for the delay. (CNBC)
 
Strong online sales and demand for furniture and women's apparel helped U.S. retail sales grow by 7.9% this holiday season. U.S. retail sales grew 5.5% during the same period last year. Online sales grew 20% this year. The National Retail Federation, had forecast a 3.7% rise in store and online sales this holiday season. Online sales were projected to rise 6% to 8%. (Reuters/Master Card)
 
Consumer sentiment rose to 92.6 in December. The December reading was nearly equal to the 2015 average of 92.9 — which was the highest since 2004. (Fox Business News)
 

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