HALF OF HOLIDAY SHOPPERS HAVE ALREADY STARTED
OCTOBER RETAIL SALES REBOUND FROM SEPTEMBER SLUMP
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NRF FORECASTS A HAPPY HOLIDAYS FOR RETAILERS
The retail organization expects holiday sales during November and December to increase between 3.8 percent and 4.2 percent over 2018 to a total of between $727.9 billion and $730.7 billion.
Read MoreAUGUST RETAIL SALES GREW BUT NEW TARIFFS PRESENT ‘DOWNSIDE RISKS’
These results come as new 15 percent tariffs on a wide range of consumer goods from China took effect September 1st and are scheduled to be expanded to additional goods on December 15th.
Read MoreCONSUMER SPENDING COULD SLOW DOWN DESPITE STRONG RETAIL SALES IN ...
Online and other non-store sales were up 19.3 percent year-over-year, while clothing and clothing accessory stores were down 1.6 percent.
Read More‘IMPRESSIVE’ JUNE RETAIL SALES BEAT FORECASTS
However, clothing and clothing accessory stores were down 1.6 percent year-over-year but up 0.5 percent month-over-month seasonally adjusted.
Read MoreRETAIL EMPLOYMENT DROPPED IN MARCH BUT OVERALL JOB GAINS POINT TO...
The retail numbers, which show a decrease of 11,700 jobs last month, came as the nation saw a monthly gain of 196,000 jobs overall.
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