NRF Sees Retail Sales Gains Continuing in 2018
Retail sales in 2018 are forecast to grow between 3.8% and 4.4% over 2017, building on a preliminary estimate of 3.9% growth last year to $3.53 trillion, according to the National Retail Federation citing Census data. E-commerce sales growth, which is embedded in the total projection, is expected to increase by 10% to 12% this year. The good results from the 2017 Holiday season point to positive consumer sentiment, bolstered by low unemployment and wages that are starting to rise after years of stagnation. Too, the NRF sees the financial windfall that retailers will receive from the new tax plan ... Log in to view full article.