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NRF SAYS RETAILERS SHOULD GET A BUMP IN SALES THIS HOLIDAY SEASON
The National Retail Federation expects holiday retail sales in November and December to increase between 4.3 and 4.8 percent over 2017 for a total of $717.45 billion to $720.89 billion.
Read MoreHALLOWEEN SPENDING TO REACH $9 BILLION
Celebrants are planning to spend an average of $86.79, up from last year’s $86.13, with more than 175 million Americans planning to partake in Halloween festivities this year.
Read MoreNRF INCREASES RETAIL SALES FORECAST FOR REMAINDER OF 2018
Despite a positive outlook, the group is also warning that recently enacted tariffs against foreign countries could lead to a decline in spending.
Read MoreA WEDNESDAY FOURTH OF JULY SLOWS DOWN CONSUMER SPENDING
Overall, only 27 percent plan to purchase additional patriotic merchandise, but the number jumps to 44 percent for those ages 18-24 and declines steadily for older individuals.
Read MoreRETAIL REACTION TO SUPREME COURT TAX DECISION: IT’S ABOUT T...
Brick-and-mortar retailers believe the Supreme Court’s decision in “South Dakota v. Wayfair, Inc” levels the playing field in how sales taxes can be collected.
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