Retail trade group sees holiday sales rising 3.8% to 4.2% this year, citing 'uncertainty over trade' [CNBC]
Macy's Inc (M)
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Source: CNBC
Retail trade group sees holiday sales rising 3.8% to 4.2% this year, citing 'uncertainty over trade' Holiday retail sales in November and December — excluding automobiles, gasoline and restaurants — are expected to increase between 3.8% and 4.2% this year, reaching between $727.9 billion and $730.7 billion, the National Federation said on Thursday morning. The retail trade group cited "uncertainty over trade" as being a potential drag on the season this year, as the U.S. and China are set to resume trade talks later this month which are calling for growth of upwards of 5% The group said holiday retail sales have increased an average of 3.7% over the past five years. It said it's expecting online and other non-store sales in 2019, which are included in its total forecast, to climb between 11% and 14%, amounting to between $162.6 billion and $166.9 billion. "There has clearly been a slowdown brought on by considerable uncertainty around issues including trade, interest rates, global ris
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