December retail sales rose 0.4% to $729.2 billion, benefiting Abercrombie & Fitch, Amazon, Costco, and Walmart.

From Nasdaq: 2025-01-21 15:00:00

The retail sector ended 2024 on a high note with December retail sales up 0.4%, totaling $729.2 billion. Strong consumer spending was driven by a resilient labor market and enticing promotions. Abercrombie & Fitch, Amazon, Costco, and Walmart benefited from increased sales in various categories.

Abercrombie & Fitch’s innovative strategies and brand visibility led to a successful holiday season, with a projected 7-8% growth in fourth-quarter net sales. Amazon’s robust logistics network and Prime membership drove revenue growth. Costco’s membership model and strategic investments ensured market presence. Walmart’s focus on technology and innovation enhanced its market position.

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