U.S. Holiday Sales Will Grow Up to 10.5% This Year, NRF Says
Photographer: Jeenah Moon/Bloomberg
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U.S. holiday sales this year will surge 8.5% to 10.5% from 2020 to reach as much as $859 billion, according to the National Retail Federation.
The forecast from the industry group cites rising incomes and low debt among consumers, as well as retailers’ investments to make sure they’re stocked up in the last quarter of the year. This year’s spending is expected to reach a record high, according to NRF Chief Executive Officer Matthew Shay.