Retailers expect $1 trillion in holiday spending
The National Retail Federation's holiday forecast projects sales will increase by 4.2% to more than $1 trillion this holiday season, the organization said Thursday. The annual report estimates retail sales in November and December will tally about $1.014 trillion, compared to $972 billion last year. However, inflation will contribute to the increase in dollars spent. "This year's forecast reflects our confidence that consumers will prioritize the holiday season even as they remain mindful of their budgets," Matthew Shay, NRF president […]
