While retail sales dropped overall in December, the drop was not as severe as the one in November. That's according to a survey by TNS Retail Forward of about 40 major retailers that announced sales numbers this week.
The retailers collectively saw sales drop 1.5 percent over December of last year, which was an improvement over November's 2.5 percent drop. Discount Department Stores, led by Walmart, was the strongest category, while Apparel and Accessory Stores and Department Stores were the weakest.
Among retailers with a hand in CE, Walmart posted a 1.2 gain (1.9 percent excluding Sam's Club) in comparable-store sales while Target sales fell 4.1 percent. BJ's Wholesale Club posted a 1.6 percent gain, while Costco showed a 4 percent December drop.