Updates - Macro Trend

Retail trade group forecasts holiday sales rising 3.6% to 5.2%, ‘strong finish’ to 2020 in spite of pandemic

Retailers could end up having a strong finish to 2020, despite all of the challenges that the coronavirus pandemic has dealt the industry, according to a new forecast.

The National Retail Federation said Monday it expects holiday sales during November and December to rise between 3.6% and 5.2% year over year, amounting to between $755.3 billion and $766.7 billion.