Friday, November 2, 2018

Holiday spending set to rise 5.8%, FTI says

Retail Dive
Total discretionary holiday spending this year is set to increase by about 5.8% over the 2017 holiday season, with in-store sales expected to rise almost 4% over last year's holiday period and online sales anticipated to grow about 15.5%, according to FTI Consulting's Holiday Retail Forecast.

FTI projected that about 60% of total U.S. retail sales growth this holiday season will be store-driven, with the remaining 40% happening through online channels, a departure from last year's holiday season sales breakdown, which saw closer to a 50/50 split between these channels, FTI said.. . . more