Retail sales were solidly higher in November, the government reported Tuesday, fueled in part by deep discounting on holiday merchandise.
The Commerce Department said total retail sales rose 0.8% last month.
Economists surveyed by Briefing.com on average had forecast an increase of 0.5% for November, compared to a revised 1.7% jump in sales the prior month. October sales were originally reported to have increased 1.2%.FULL STORY
Black Friday, the day after Thanksgiving, typically marks the start of the annual holiday gift-buying marathon.
Eager to jumpstart Black Friday sales, more large national retailers broke their norm by opening on Thanksgiving Day.
A scathing report released Tuesday by the Food and Drug Administration slammed conditions at the factory that produced the children's Tylenol, Motrin, Benadryl and other over-the-counter drugs that were recalled over the weekend.
The 17-page FDA inspection report conducted in late April detailed quality and security lapses at the Fort Washington, PA-based facility, which is owned by Johnson & Johnson's McNeil PPC drug manufacturing division. The agency said it is considering a wide range of actions including possible criminal penalties.