The National Retail Federation forecast sales to increase between 8.5% and 10.5%, to between $843.4 billion and $859 billion, during November and December, compared with a previous high of $777.3 billion last year. The numbers exclude automobile dealers, gasoline stations and restaurants.
Rising income and stronger-than-ever household savings would help people pay more for goods when companies are raising prices to counter inflation, NRF said. It added there is exceptional demand for holiday products, although a survey last week highlighted customers' worry about availability. "If retailers can keep merchandise on the shelves and merchandise arrives before Christmas, it could be a stellar holiday sales season," NRF Chief Economist Jack Kleinhenz said."That's going to give a jolt to the retail side, because there is a high correlation between international travelers and tourism in the U.S., and retail sales," NRF President Matthew Shay told reporters.
Several retailers had also begun their holiday selling as early as September, warning of longer delivery times and low product availability. "There may be some categories in which there will be some shortages or which consumers will need to do some switching or trading ... they won't go home empty-handed," Shay said.
Fml gotta rake some leaves
Shiba shibainu shiba SHIBARMY SHIBDELETEAZERO shibatothemoon 🔥🔥🔥
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
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.
How the Alec Baldwin shooting could affect American's views on guns: 'People are injured and die by firearms in so many different situations'Gun ownership is surging in the U.S. Will the Alec Baldwin shooting have any effect on firearm sales? No. Maybe on prop firearms.. nice
Source: MarketWatch - 🏆 3. / 97 Read more »
UN: Greenhouse gas levels hit a new record, cuts fall shortGreenhouse gas concentrations hit a record high last year and increased at a faster rate than the annual average for the last decade, according to new report from the World Meteorological Organization. this is terrible news Woooo Biden!!! He rules right? Haha. 🤡 All those fires at the BlackLivesMatter 'peaceful protests', I'll bet.
Source: ABC - 🏆 471. / 51 Read more »
Greenhouse gas levels hit a new record, cuts fall short, U.N. findsGreenhouse gas concentrations hit a new record high last year and increased at a faster rate than the annual average for the last decade despite a temporary reduction during pandemic lockdowns, World Meteorological Organization report says.
Source: NBCNews - 🏆 10. / 86 Read more »
U.S. new home sales hit six-month high; median price stays above $400,000Sales of U.S. single-family homes surged to a six-month high in September. The Commerce Department reported new home sales jumped 14%, with sunny cities in the southwest and southeast reporting the highest annual price gains
Source: Reuters - 🏆 2. / 97 Read more »
Tesla's China sales have grown to nearly half the company's sales in the U.S.Tesla reported sales of $3.11 billion in China in the third quarter, or 48.5% of the $6.41 billion U.S. sales during that time, according to a filing. nice That’s because of the Giga Shanghai manufacturing facility. Just wait until Giga Texas ramps up production starting in the next few months. honeymoon still going on
Source: CNBC - 🏆 12. / 72 Read more »
Katy Perry on Her Halloween Costume, New Campaign, and Etsy Finds for Her DaughterThe singer, who re-recorded The Beatles’ classic “All You Need is Love” for Gap’s holiday campaign, has a busy holiday season.
Source: VogueRunway - 🏆 705. / 51 Read more »