Wednesday, October 5, 2016

Retail sales expected to be vibrant this year

With the big shopping season just getting started, one of the most closely watched forecasts for holiday sales is predicting a merry time ahead for traditional retailers — and an even merrier one for online sellers.

The National Retail Federation predicted Tuesday that sales will tick up 3.6% overall in November and December to $655.8 billion. That would make it far better than the 2.5% average growth over the 10-year period, or even the 3.4% average in the last seven years as the nation emerged from recession. The forecast focuses on retail sales, excluding spending on cars, gasoline and restaurants.. . . more

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