Tuesday, September 17, 2019

Retailers should be happy with holiday sales this year

Chain Store Age
According to Deloitte’s annual holiday forecast, holiday retail sales are likely to increase between 4.5% and 5% year-over-year in 2019. Overall, Deloitte’s retail and distribution practice projects that holiday sales will exceed $1.1 trillion during the November 2019-January 2020 timeframe.

Deloitte also forecasts that e-commerce sales will grow by 14%–18%, year-over-year, during the 2019–2020 holiday season, compared to e-commerce sales increasing by 11.2% in the 2018-2019 holiday period. This increase is expected to result in e-commerce holiday sales reaching between $144 billion–$149 billion this season.. . . more