Retail group says holiday season off to a strong start

The largest U.S. retail trade group says the holiday shopping season has gotten off to a “very strong” start.

The National Retail Federation says consumer spending has been strong, fueled by a better economy and stores’ investments in online services.

The trade group’s assessment comes even after a survey of more than 3,000 shoppers Thanksgiving and Friday forecast that fewer people would turn out for the five-day weekend that ended Monday compared to a year ago. It attributed the drop to stores spreading out their deals beyond the Black Friday weekend.


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    The group now says it expects sales for November and December will be at the high end of its earlier forecast of a 4.3 to 4.8 percent rise. That would be below last year’s 5.3 percent increase.

    Original Article : HERE ; This post was curated & posted using : RealSpecific

     


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