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US retailers to see increase in holiday season sales
23 Sep '16
1 min read
US retailers both brick and mortar and online, will see an increase in holiday season sales between November and December this year. US retail holiday sales are expected to exceed $1 trillion, up 3.6 to 4 per cent over the same period in 2015, while online sales are projected to soar 17 to 19 per cent to reach $96 to $98 billion between the two months.
According to a Deloitte report, consumers have ramped up their spending this year on the back of a strong labour market and also slightly higher growth in disposable personal income.
“While attention toward presidential elections may be a temporary distraction in the early part of the holiday shopping season, it should not have a negative impact on sales, and retailers may benefit from a pickup in post-election consumer spending," the report noted. (AR)
According to a Deloitte report, consumers have ramped up their spending this year on the back of a strong labour market and also slightly higher growth in disposable personal income.
“While attention toward presidential elections may be a temporary distraction in the early part of the holiday shopping season, it should not have a negative impact on sales, and retailers may benefit from a pickup in post-election consumer spending," the report noted. (AR)
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