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forecast

NRF sees happy holiday for retailers

NRF sees happy holiday for retailers

WASHINGTON — Retail sales this holiday season will be better than usual, according to the National Retail Federation. The NRF on Tuesday forecast that sales in November and December (excluding autos, gas and restaurant sales) will increase a solid 3.6% to $655.8 billion. That is significantly higher than the 10-year average of 2.5% and also above the seven-year average

Deloitte forecasts holiday sales gains

Deloitte forecasts holiday sales gains

NEW YORK — Retailers should see a modest increase  in holiday sales this year, according to a forecast by Deloitte, which predicts that sales will grow both in stores and online. “We anticipate a modest increase in sales growth as economic fundamentals that boost spending improve further,” said Deloitte senior U.S. economist Daniel Bachman. “Consumers