Even If Retail Sales Slow Drastically During The Holidays, They Will Still Be Stellar

Wells Fargo analysts estimate retail sales during the holiday season will hit a record gain of 11% over last year, according to an emailed report. Notably, that forecast implies sales levels will actually drop off from earlier in the year. The analysts cited the “supply chain crisis, the difficulty finding workers to staff the stores, the highest inflation in a generation and expected difficulties with last-mile delivery for e-commerce” as reasons for caution. Even if overall sales in the fourth quarter experience the largest monthly declines on record, year-over-year growth would still hit a record-nearing 8.6%, according to Wells Fargo analysts. Read more at Retail Dive.