Retail Spending Expected to Rise as Much as 4% This Holiday Season [Fortune]
JC PENNEY (JCP)
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Source: Fortune
Photograph by Patrick T. Fallon — Bloomberg via Getty Images The NRF expects sales to be up as much as 4% in the run up to Christmas. By Phil Wahba Oct 3rd, 2017 12:03 pm ET Looks like U.S. retailers can look forward to a holly, jolly Christmas period this year, as shoppers are likely to find themselves in the mood to spend more than in 2016. The National Retail Federation gave its annual holiday season spending forecast on Tuesday. It expects sales to rise between 3.6% and 4%, helped by improving consumer confidence as well as an extra between Thanksgiving and Christmas (which falls on Monday this year) compared to last year. The NRF expects sales, excluding cars, gas and eating at restaurants, in November and December to generate between $678.75 billion and $682 billion. The trade group said it was giving a forecast range, r
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