Thursday, October 30, 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

Watching for whiteflies

Whiteflies are notorious foes of fall-season plants. Are you prepared to battle them?

EPA proposes removal of 72 chemicals from approved list

The chemicals would be removed from the list of substances approved for use as inert ingredients in pesticide products.

Second phase of gray water trials to begin at Texas A&M

The AgriLife center in Uvalde is studying the effect of gray water irrigation on several ornamental plant species.

America in Bloom releases two new books

The organization is publishing a special edition of its Best Ideas book and a compilation of articles and essays by Marvin Miller.

x