Despite a substantial number of announcements of US store closures this year, 2018 is shaping up to be a bumper year for US retail with the sector growing very strongly, per the US Census Bureau, and with even long-struggling legacy retailers turning in better-than-expected top-line figures.
We are optimistic about the prospects for holiday sales this year and forecast year-over-year growth of 4% for November and December total retail sales (excluding automobiles and gasoline). This will take total holiday retail sales to $720 billion from $692 billion last year.. . . more