The National Retail Federation expects that holiday sales growth this year to slow from last year's blistering pace.
With consumer prices up 8.2% in September from a year ago, bolstered by rising rents and higher costs for food, healthcare and cars, the Fed faces more pressure.
Shoppers are also getting a speedy start on the holiday shopping season, picking up gifts in October as retailers includingpushed out holiday discounts earlier than usual to help shoppers spread out their spending in difficult economic times, in addition to clearing out unexpectedly high inventories.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Holiday sales expected to shatter records in 2022, says National Retail FederationFueling projections for a record holiday sales season, many Americans have excess savings, and labor market has remains strong despite rising interest rates.
Read more »
Despite inflation woes, experts predict better holiday sales compared to last year'In the face of these challenges and in the face of the uncertainty that's taking place across the economy, consumers are behaving more thoughtfully, a bit cautiously but they continue to spend,' said NRF President and CEO Matthew Shay.
Read more »
Holiday Sales Growth Expected to Slow This YearU.S. shoppers are poised to spend as much $960 billion this holiday season, a slower pace of growth than 2021. “Consumers are behaving more thoughtfully,” National Retail Federation president Matthew Shay says.
Read more »
Retail trade group says shoppers will lean on savings and credit throughout holiday seasonThe National Retail Federation estimated Thursday that sales growth will range between 6% and 8% which is down from last year when sales growth was around 13.5%.
Read more »
Holiday shopping forecast details growth in consumer spending, some economic signals show otherwiseA forecast released Thursday by the National Retail Federation expects to see a 6 to 8 percent growth in holiday spending over 2021.
Read more »