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NRF: STRONG U.S. JOB GROWTH EQUALS GOOD SIGN FOR HOLIDAY SALES
Retail industry employment in October remained essentially unchanged from September, dropping only 900 jobs despite the loss of 8,800 jobs year-over-year in the face of two major hurricanes since Labor Day.
Read MoreCONSUMERS TO SPEND 4.1 PERCENT MORE THAN LAST YEAR DURING WINTER ...
Consumers say they will spend an average of $1,007.24 during the holiday season this year, up 4.1 percent from the $967.13 they said they would spend last year.
Read MoreNRF STUDY SAYS CONSUMERS SHOP AT DISCOUNT RETAILERS REGARDLESS OF...
The survey of more than 3,000 U.S. adults found that 89 percent said they shop at various types of discount retailers.
Read MoreU.S. RETAILERS ADDED OVER 25,000 JOBS LAST MONTH
September’s numbers followed a revised monthly gain of 8,900 jobs in August over July, which had originally been reported as a 9,700-job loss.
Read MoreNRF 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.
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