Greenville business owners react as U.S. retail sales continue to decline
Written by Black Hot Fire Network on January 19, 2023
GREENVILLE, N.C. (WITN) - Despite Black Friday and holiday shopping, retail sales declined even more in December, after already dropping in November.
A report from the U.S. Department of Commerce shows the holiday season wasn’t enough to fully cushion the blow of inflation.
A report released Wednesday, January 18th shows retail sales were down 1.1% in December 2022 after already dropping 1% percent the month before. That’s the largest monthly decline since December 2021.
