Retail sales bounced back in October as shoppers geared up for the holidays. The National Retail Federation says sales jumped 5% compared with last year.
Digital products led the way with a 22% increase.
Clothing and sporting goods stores also saw strong gains. Clothing and accessories are up about 8% year over year. Sporting goods, hobby, music and book stores had an over 7% jump.
The retail federation’s CEO says solid consumer spending is setting up positive momentum heading into the holiday shopping season. The group said it expects holiday sales will increase between 3.7% and 4.2%. This is despite a government shutdown that retailers are calling a "serious headwind."
“Retail sales grew in October as consumers geared up for the holiday season,” NRF President and CEO Matthew Shay sai

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