By and
with contributions from Adriana Lee
 on November 28, 2017

Further signs of a healthy holiday season emerged on Cyber Monday, when major retail stocks closed up higher and websites began releasing preliminary selling reports that reflected vigorous shopping and aggressive promoting on the day.

Retail stocks were also lifted by reports that Thanksgiving weekend saw robust online activity and reasonably decent traffic at brick-and-mortar stores and malls. Consumers this holiday season seem to be in a better spending mood, whether that’s online or in stores, being armed with more cash in their wallets and a better outlook on employment and the economy. There is also pent-up demand for apparel, particularly outerwear.

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