NRF: Holiday Spending Could Top $966B, but Shift from Goods to Services Continues
Retail TouchPoints
NOVEMBER 3, 2023
Overall household finances remain in good shape and will continue to support the consumer’s ability to spend.” While the 2023 growth rate is lower than in recent years, when stimulus spending helped inflate retail sales, it’s in line with the average annual holiday increase of 3.6% seen from 2010 to 2019. “It retail sales will climb 3.7%
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