U.S. Shoppers Pull Back Spending at Start of Holiday Season

Wall Street Journal, Dec. 16, 2020–Harriet Torry (subscription)
U.S. retail sales, a measure of purchases at stores, restaurants and online, dropped a seasonally adjusted 1.1% in November from the prior month, the Commerce Department said Wednesday. October sales were revised to a decline of 0.1% from an earlier estimate of a 0.3% increase. Sales were up by 4.1% in November when compared with the same month a year ago.