Retail sales grew moderately in November, with a 0.15 per cent MoM increase and a 2.35 per cent YoY rise.
Core sales dipped by 0.19 per cent MoM but rose 1.43 per cent YoY.
Online sales and clothing stores led growth.
NRF forecasts a 2.5 per cent to 3.5 per cent increase in holiday sales.
CEO Matthew Shay remains confident in the holiday outlook.