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Article Date: October 2018
Word Count: 204

NRF Forecasts Strong Holiday Sales


The National Retail Federation expects Holiday retail sales to grow at a 4.3% to 4.8% rate from last year, lapping the 5.3% increase for Holiday 2017 which was the highest growth rate since 2005. Total retail sales excluding automobiles, gasoline and restaurants in Nov. and Dec. last year were $687.87 billion, and this year is forecast to come in between $717.45 billion to $720.89 billion. The trade group credited a healthy economy and solid consumer confidence, which it expects to continue through the end of the year despite the looming threat of tariff-induced price hikes. Last year’s growth was also ... Log in to view full article.

 


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