While the retail research firm predicts a 2.8% increase to $465.6 billion, this is significantly slower than the 5.2% jump retailers experienced last year. It is just slightly higher than the 10-year average of a 2.6% increase.
Get alerts before Link and Cramer make every trade
Retailers have experienced 14 consecutive months of sales growth, but persistently high unemployment and global economic fears will continue to plague the consumer this holiday season. The NRF also predicts retailers will hire between 480,000 and 500,000 seasonal workers, which compared with 495,000 temporary positions during the holiday period last year. >To follow the writer on Twitter, go to http://twitter.com/jpoggi.>To submit a news tip, send an email to: tips@thestreet.com.
>To order reprints of this article, click here: Reprints
No comments:
Post a Comment