Holiday Sales Come Up Short of Expectations
GLENDALE, Calif. (KTLA) — The first numbers are coming in for the holiday shopping season, and they’re lower than expected.
Even though malls were crowded and online buying was up from last year, sales still did not meet expectations, according to analysts.
On a national level, holiday spending was at its lowest level since 2008.
But locally, the Glendale Galleria says that sales were up five percent compared to last year.
Shoppers who spoke to KTLA said there were deals and steals everywhere on the day after Christmas.
Nationwide, between late October and Christmas Eve, retail sales rose just seven-tenths of one percent from last year.