Retail Trade Groups Forecast Increased Holiday Shopping Sales for 2016c

Retail Trade Groups Forecast Increased Holiday Shopping Sales for 2016c

As the holidays approach, they bring with them one of the largest shopping seasons of the year. According to two separate retail trade groups there’s good news on the horizon for retailers: consumers are estimated to spend more, and spend it faster despite distractions like unpredictable weather and the recent presidential election.

In a press release at the beginning of October, the National Retail Federation predicated that sales during the holiday season will increase by 3.6%, reaching $655.8 billion, which is markedly higher than the ten-year average of 2.5%.

Continue reading