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macysshoppers.jpg Stephanie Keith/stringer/Getty Images News
Macy's department store in New York enjoyed brisk business from Black Friday through the holidays but the retailer still announced plans to close 11 stores early this year as part of a prolonged schedule of closures.

Restaurants, retail had a merry holiday season despite e-commerce growth

But outlook for January expected to be dampened by bomb cyclone

Consumers made merry with spending over the holiday season in both retail stores and restaurants, though online buying continued to grow at a faster pace than at brick-and-mortar stores.

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TAGS: Operations
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