Even as the pandemic upends norms of the holiday shopping season, retailers will top last years' sales according to a new forecast.The National Retail Federation, a trade group, said Monday that it's expecting holiday sales to grow by up to 5.2% over 2019.
The organization cites rising home prices, record personal savings, and a strong stock market as factors that could increase spending throughout November and December. Retailers may closeout 2020 with a bang even as the ongoing pandemic batters small stores and keeps shoppers out of brick-and-mortar locations, according to a new holiday sales forecast from a retail trade group.Monday that it projects November and December holiday sales to jump 3.6% to 5.
"Given the pandemic, there is uncertainty about consumers' willingness to spend, but with the economy improving most have the ability to spend," said Jack Kleinhenz, NRF's chief economist, in a statement. "Consumers have experienced a difficult year but will likely spend more than anyone would have expected just a few months ago.
Hi, please check out my gig if you need any kind of graphic design
Hi, please check out my gig if you need any kind of graphic design