December 21, 2017 / 12:14 AM / in a year

Holidays to bolster retailers after a year marked by bankruptcies

American consumers were in a buying mood in November, raising hopes among retailers for strong holiday sales to end a year marked by widespread store closures and bankruptcies across the industry.

Retail sales last month rose 0.9 percent from October on a seasonally adjusted basis and 6 percent year-over-year on an unadjusted basis, pointing to consumer confidence about the economy, according to the National Retail Federation.

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