As Brick-and-Mortar Slips, Bet on Amazon, Visa, UPS for Holidays
Retail sales during the four-day Thanksgiving holiday fell 11% to $50.9 billion from $57.4 billion last year, according to the National Retail Federation.
Retail sales during the four-day Thanksgiving holiday fell 11% to $50.9 billion from $57.4 billion last year, according to the National Retail Federation, which said shoppers spent an average of only $380.95, down 6.4% from $407.02 in 2013. RealMoney Pro contributor Chris Versace breaks down the numbers and why the real retail picture is not as gloomy as the NRF's data might seem. Versace points out other data that is more optimistic about sales over the holiday weekend. He stresses as consumers continue to turn to online shopping versus brick-and-mortar, his online shopping trifecta of Amazon, Visa and UPS will continue to be good places for investors to turn to this holiday season.
