NRF Predicts Holiday Season Sales Growth of 3.7%

Economy
09/10/2015 08:04

The National Retail Federation announced (NRF) forecasts sales in November and December (excluding cars, gas and restaurant sales) to increase by 3.7 percent to $630.5 billion — significantly higher than the 10-year average for holiday season sales of 2.5 percent. The November-December sales figures are expected to account for almost 20 percent of the retail industry’s annual sales of $3.2 trillion. In addition, the NRF is forecasting online sales to increase between 6 and 8 percent to as much as $105 billion.