Recession Hits Retailers: Total U.S. Retail Sales for the Holiday Season Drop

Holiday retail sales drop significantly compared with 2007.

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  • 5.5 to 8: Percentage drop in total retail sales in November and December compared with last year
  • 2 to 4: Percentage drop in total retail sales, excluding gasoline
  • 2.3: Percentage decline in E-commerce sales compared with the 2007 holiday season
  • 26: Percentage drop in electronics sales
  • 34: Percentage drop in luxury sales
  • 21: Percentage decrease in luxury sales, excluding jewelry

Read more Data Points.

Source: Spending Pulse 2008 Holiday Wrap-Up Report