News
After a turbulent start to 2014, the U.S. National Retail Federation expects sales in November and December (excluding autos, gas and restaurant sales) to increase a healthy 4.1 percent to $616.9 billion, higher than 2013's actual 3.1 percent increase during that same time frame.
Holiday sales on average have grown 2.9 percent over the past 10 years, including 2014's estimates, and are expected to represent approximately 19.2 percent of the retail industry's annual sales of $3.2 trillion. This would mark the first time since 2011 that holiday sales would increase more than 4 percent.
