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Retail trade group sees solid US holiday sales despite pandemic

From apnews.com

The National Retail Federation, the nation’s largest retail trade group, expects that holiday sales could actually exceed growth seen in prior seasons, despite all the uncertainty surrounding the pandemic. The reason? Shoppers are looking for opportunities to spend and celebrate the holidays during tough times. The trade group said Monday that it predicts that sales for the November and December period will increase between 3.6% and 5.2% over 2019 to a total ranging between $755.3 billion and $766.7 billion. The numbers, which exclude automobile dealers, gasoline stations and restaurants, compare with a gain of 4% to ... (full story)

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  • Category: Fundamental Analysis