Retailers could ring up more than $1.1 trillion in holiday sales, topping last year [CNBC]
Comcast Corporation - Class A (CMCSA)
Last comcast corporation - class a earnings: 4/30 07:00 am
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Source: CNBC
Retailers appear to have the odds in their favor this holiday season, with record-low unemployment across the U.S., strong consumer confidence and building sales momentum so far in 2018. We think most retailers will have a good holiday season if they have a distinctive value proposition, Rod Sides, vice chairman of Deloitte's U.S. retail and distribution practice, told CNBC. We think off-price will continue to do well, and there will be a rebound in luxury. Retail sales are expected to grow between 5 and 5.6 percent from a year ago, according to Deloitte's annual forecast for the holiday season, which was released Wednesday. For comparison, sales between November of last year and January 2018 climbed 5 percent, totaling $1.05 trillion, according to data from the U.S. Commerce Department. This year, Deloitte says holiday retail sales could top $1.10 trillion. E-commerce sales, meanwhile, are expected to rise as much as 22 percent through the holidays, Deloitte said. T
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CMCSA
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- 1/25/24 - Beat
CMCSA
Sec Filings
- 4/17/24 - Form 4
- 4/17/24 - Form 3
- 4/15/24 - Form 8-K
- CMCSA's page on the SEC website