National Retail Federation Forecasts 8 Percent Holiday Sales Growth

[Epoch-Times-Bot]

National Retail Federation Forecasts 8 Percent Holiday Sales Growth

The National Retail Federation is forecasting holiday retail spending to grow 6 to 8 percent this year reaching up to $960 billion as many shoppers dip into savings or use credit cards to buy gifts for loved ones.
"Our expectation is that we will have positive real [inflation-adjusted growth] for the holiday season," association spokeswoman Mary McGinty told The Epoch Times. "We don't have an inflation-adjusted holiday sales number because we don't know exactly where inflation will end up in the next couple of months."
Inflation continues to linger above 8 percent as holiday shoppers buy gifts. This means consumers will pay more for many goods and services during the holiday season....

Source: National Retail Federation Forecasts 8 Percent Holiday Sales Growth

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