Strongest Holiday Since End of Great Recession

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Strongest Holiday Since End of Great Recession

Low unemployment and confident consumers helped fuel one of the most robust holiday shopping seasons retailers have seen in years.
 

Retail sales during the combined November and December period jumped 5.5% in 2017 to $691.9 billion, the largest increase since the 5.2% year-over-year gain in 2010 after the end of the Great Recession, the National Retail Federation said. The total, which excludes restaurants, automobile dealers and gasoline stations, includes $138.4 billion in online and other non-store sales, which were up 11.5% over the year before.

The results topped the NRF’s forecast of $678.75 to $682 billion, which would have represented a 3.6% to 4% increase. NRF had forecast that non-store sales, would grow between 11% and 15% to between $137.7 billion and $142.6 billion.

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I found this information very interested…. hope you do as well. Barbara
By | 2018-02-16T14:24:21+00:00 January 16th, 2018|Great Staff, Retail, Seasonal|Comments Off on Strongest Holiday Since End of Great Recession