Holiday Retail Sales Not as Jolly as Expected

Retail stocks are diving this morning on news that the month of December did not perform as strongly as expected. However, that weakness was offset by a strong November, allowing retailers to celebrate their strongest holiday sales increase since 2006, AP reports. Online spending may eventually brighten the picture, since some retailers don’t include e-commerce in their monthly figures. Americans spent a record amount online this season, jumping 13 percent over 2009.


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The problem with the Billionaire Savior phase of the newspaper collapse has always been that billionaires don’t tend to like the kind of authority-questioning journalism that upsets the status quo.

— Ryan Chittum, writing in the Columbia Journalism Review about the promise of Pierre Omidyar’s new media venture with Glenn Greenwald