Retail Sales Slated to Increase This Holiday Season
November 4, 2016
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.”