Wednesday, September 19, 2018

Retailers could ring up more than $1.1 trillion in holiday sales, topping last year

CNBC
Retailers appear to have the odds in their favor this holiday season, with record-low unemployment across the U.S., strong consumer confidence and building sales momentum so far in 2018.

Retail sales are expected to grow between 5 and 5.6 percent from a year ago, according to Deloitte's annual forecast for the holiday season, which was released Wednesday. For comparison, sales between November of last year and January 2018 climbed 5 percent, totaling $1.05 trillion, according to data from the U.S. Commerce Department. This year, Deloitte says holiday retail sales could top $1.10 trillion.. . . more