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holiday sales

holiday sales

LONDON, ENGLAND - DECEMBER 26: Shoppers hold packages on Regent Street during the Boxing Day sales on December 26, 2015 in London, England. Boxing Day is one of the busiest days for retail outlets with thousands taking advantage of the post-Christmas sale prices. (Photo by Dan Kitwood/Getty Images)
Dan Kitwood, Getty Images
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Holiday spending up 8 percent, online sales surge

Americans have been doing more of their shopping by sitting at home -- and they've been buying more items to sit on. And overall, spending during the holidays is up by nearly eight percent from a year ago.

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Holiday sales seen rising 3.7 percent

Americans are expected to spend at a slower pace than last year during the crucial winter holidays, weighed down by sluggish wage growth and other factors, according to the nation's largest retail industry trade group.

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