NRF Predicts Holiday Sales will Increase 3% to 4%
Holiday sales are expected to reach record levels during Nov., and Dec., growing between 3% and 4% year-over-year to between $957.3 billion and $966.6 billion, according to a National Retail Federation forecast. Despite the slower growth rate compared with the past three years, the lack of government stimulus puts spending consistent with the average annual holiday increase of 3.6% from 2010 to 2019. Online and other non-store sales are expected to increase between 7% and 9%, totaling between $273.7 billion ... Log in to view full article.