According to the new statistics released by research firm Deloitte, the 2018 e-commerce holiday sales will grow by 17-22% and retail holiday sales will grow by 5 to 5.6%.

The company has stated that the e-commerce sales are expected to reach $128 to $134 billion during the 2018 holiday season.

Deloitte’s US economic forecaster Daniel Bachman says, “The anticipated growth in holiday sales is likely because of solid disposable personal income growth, which we expect will be in the 5 to 5.4 percent range. That is above last year’s 4.7 percent. A strong labor market should also aid retail spending, along with elevated consumer confidence and a stable personal savings rate of around 7 percent”.

Deloitte Forecast: Retail Holiday Sales to Climb 5 to 5.6 Percent

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