Retail Sales Slated to Increase This Holiday Season


Retail sales this holiday season are slated to increase 3 to 4 percent over 2015, according to the Fung Global Retail & Technology think tank’s latest report: “U.S. Holiday Outlook 2016: Prospects for a Better Season.” The forecasted year-over-year increase of 3.2 percent comes in part from a recipe of low unemployment, wage gains and more affordable food and fuel prices. The last decade has seen an increase of 2.5 percent annually.

Technology is set to remain arguably the year’s most popular gift category while sought-after toys are slated for a strong showing thanks to the popularity of brands like “Star Wars.”

Share

More News

RÖ Skin Introduces New U.K. Space
July 20, 2018
Lincolnshire, England-based skincare brand RÖ Skin has opened a new store in the English town of Stamford.
Full Story

KREWE Unveils Store in the Big Easy
July 20, 2018
New Orleans-based eyewear brand KREWE has launched a new retail space in the Lower Garden District of its hometown.
Full Story

Mercedes Opens Pop-Up at St David’s in Wales
July 20, 2018
German luxury car brand Mercedes-Benz has returned to the St David’s retail hub in Cardiff, Wales with a new pop-up.
Full Story