U.S. Holiday Sales Seen Rising 4.1% on Employment Gains
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U.S. retail sales this holiday season may rise the most in three years as the improving employment picture gives more shoppers the means to splurge on gifts, the National Retail Federation said.
Purchases may advance 4.1 percent to $617 billion in November and December, the Washington-based NRF said today in a statement. The increase would top last year’s 3.1 percent gain and the 10-year average of 2.9 percent, the trade group said.