The holiday season has been good to retail owners in recent months. It’s been estimated that during Black Friday and Cyber Monday sales alone, consumer spending was up by as much as 3% over last year’s figures. Projections have been correct, according to just in reports from Trading Economics figures through December 14th. The National Retail Federation also reported that consumer spending is up, 56% of it taking place online. The average amount individuals spent on gifts for the holidays was $588.90; the largest portion spent on gift cards, clothing, consumer electronics, food and beverages. It’s no wonder that holiday sales generally represent around 20% to 40%of the annual revenues for most retail owners.