Wednesday, February 26, 2020

Retail sales expected to climb between 3.5% and 4.1% in 2020, unless coronavirus derails growth, trade group says

Retail sales in 2020 are forecast to rise between 3.5% and 4.1%, topping $3.9 trillion, despite the headwinds of a lingering trade war, the coronavirus outbreak and an upcoming presidential election, the industry’s trade group said Tuesday.

“The nation’s record-long economic expansion is continuing, and consumers remain the drivers of that expansion,” National Retail Federation President and CEO Matthew Shay said in a statement.. . . more