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U.S. Holiday Sales Growth Expected to Slow, Hurt by Stagnant Wages

  • Sales may increase 4 percent, according to Deloitte forecast
  • Online, mail-order sales seen gaining 9 percent from last year
Post-Christmas Retail Sales As U.K. Set To Overtake France As World's Fifth-Largest Economy
Photographer: Jason Alden/Bloomberg
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U.S. retail sales may increase as much as 4 percent this holiday season, less than last year’s gain, as shoppers’ wages remain stagnant, according to Deloitte LLP.

Sales, excluding purchases of motor vehicles and gas, may climb to between $961 billion to $965 billion in the November-through-January shopping season, Deloitte said today in a statement. Holiday sales by that measure rose 5.2 percent last year, according to the New York-based consulting firm.