Friday, February 10, 2017

NRF positive about 2017 sales, but potential legislation could pose a threat

The association is projecting that retail industry sales, which exclude automobiles, gasoline stations and restaurants, will grow between 3.7% and 4.2% over 2016, roughly in line with last year’s 3.8% increase.
Online and other non-store/online sales, which are included in the overall number, are expected to increase between 8% and 12%.
“Prospects for consumer spending are straightforward – more jobs and more income will result in more spending,” NRF chief economist Jack Kleinhenz said. “Regardless of sentiment, the pace of wage growth and job creation dictate spending.” . . . more

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