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U.S. holiday sales on track amid online boost

Published 30/11/2015, 15:48

Investing.com - The National Retail Federation said U.S. holiday shopping is on track for a modest 3.7% rise this year.

Strong turnout during the Thanksgiving and Black Friday weekend and robust online sales boosted activity.

More than 151 million people shopped, with nearly 74 million hitting stores the day after Thanksgiving.

Online sales experienced a significant boost, up 21.5% on Black Friday compared with Black Friday 2014.

Discount sellers such as TJ Maxx and Ross Stores, as well as JC Penney and Toys R Us performed well, according to analysts

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