NRF report: holiday sales grow 4.1 percent, driven by consumer spending surge

Data released by the National Retail Federation (NRF) and CNBC Retail Monitor indicates that the 2025 holiday season achieved record spending levels, aligning with the upper end of industry forecasts. Total holiday sales from November 1 through December 31 grew 4.1 percent, meeting the NRF projection of a 3.7 percent to 4.2 percent increase to surpass one trillion dollars for the first time.