Tuesday, November 6, 2018

US Christmas sales predicted to surpass $1 trillion for the first time this year

CNBC
Christmas holiday retail sales in the U.S. are expected to climb above the $1 trillion mark for the first time this year, on the back of low unemployment, solid income growth and higher consumer confidence, according to a study released Tuesday.

Total retail sales in the U.S. will hit $1.002 trillion during the holiday period — which it defines as spanning November 1 and December 31 this year — an increase of almost 6 percent from the previous year, marking the "strongest growth since 2011," data from market research firm eMarketer showed.. . . more