Economy Watch: Retailers Likely Had Strong Holiday Season

While the data is still being complied, increases in consumer confidence and personal incomes are positive indications that retail sales were up this holiday season.

Did retailers enjoy a big boost in sales this holiday season? Preliminary indications are that they did, but the data is still being compiled. Income is up for consumers, which would seem to bode well for retail sales, even for brick-and-mortar stores. Then again, consumer confidence dropped a bit in December, though not that much.