National Retail Federation releases optimistic holiday forecast
The National Retail Federation on Tuesday released its most optimistic holiday sales forecast since the recession. The group predicts retail sales to rise 4.1 percent this year to $586.1 billion. Last year, retail sales rose 5.6 percent.
Indicators such as consumer confidence, consumer credit, disposable personal income and previous monthly sales are used to make the prediction. Weather is a wild card and could also impact sales, says Jack Kleinhenz, chief economist for the federation.
Also in the report:
Online sales are predicted to increase by 12 percent to as much as $96 billion;
Seasonal employment is expected to remain steady, with retailers hiring between 585,000 and 625,000 workers this holiday season (compared to 607,500 last year.)
Message Sent Successfully
Be Sure to Check Out Our Top Headlines
- 19478Oklahoma baseball: Joe Simpson 'thrilled' that Sunny Golloway left OU
- 17081OKC Central: Architectural "Worsts"
- 14402Classen School of Advanced Studies valedictorian disappears while hiking with family in Ecuador
- 9893Oklahoma storms: Profile of Life: Megan and Case Futrell
- 9505Was Special Treatment Given in Oklahoma Vice Mayor DUI Traffic Stop?
- 7874Live blog: "The Voice" Season 4 live finale
- 7743Oklahoma State football: Mike Gundy lifts Wes Lunt restrictions, but too late
- 7139Red meat might be delicious, but not as nutritious
- 6156Two teacher programs at Oklahoma universities called ineffective
- 5570Train engineer's vision problems led to deadly Oklahoma wreck, NTSB rules
Back to share with a friend form.
Add More Recipients