Ayaz Nanji says, “Retail sales are expected to increase year over year this holiday season, according to recent research from the National Retail Federation (NRF).

The report was based on retailer data collected by NRF as well as data from a survey conducted in October 2016 of consumers in the United States.

Total retail sales for November and December are expected to increase 3.6% year over year in 2016.

That forecast is above the average of 3.4% over the seven years since the US economic recovery began in 2009“.

Holiday Shopping Season 2016: Spend Forecast and Gift Trends

MarketingProfs

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