Wednesday, October 01, 2014

Home News National Retail Federation revises holiday sales forecast

National Retail Federation revises holiday sales forecast

Holiday sales expected to be 3.3% after strong November gains

David Kuack | December 20, 2010

National Retail Federation has revised its forecast for holiday sales to 3.3% up from 2.3%. The organization said the revision is due to improvement in a variety of economic indicators that allow consumers the capacity to spend.
“The start to the holiday season has surpassed all expectations,” said NRF president and CEO Matthew Shay. “While employment data is still a concern, we are starting to see improvement in other economic indicators that support an increase to our forecast. In order to sustain this momentum for retailers and the U.S. economy, there must be a renewed focus on jobs as we enter the new year.”
November retail sales released by the U.S. Commerce Dept. show total retail sales (excluding non-general merchandise categories such as autos, gas stations and restaurants) increased 0.8% seasonally adjusted over October and 9.2% unadjusted year-over-year.
 

Top news

Calendar enables Easter lily growers to catch a break

Unlike last year’s late-season date, this year’s mid-season date is advantageous in many ways.

New list details best university arboretums and gardens

Evaluations were made based on garden size, variety of plant species, special accreditations and unique attributes.

GIE Media Inc. announces new corporate headquarters

The company is moving to Valley View, Ohio.

Kenyan flower market faces potential danger

Delayed negotiations between the East African Community and the European Union could affect the price of Kenyan flowers.

Donation supports dahlia virus research

A $350,000 donation to Washington State University will support research into viruses that afflict the flower.

x