NEW YORK (AP) — The National Retail Federation, the nation’s largest retail trade group, expects holiday sales growth will slow to a range of 3% to 4%, compared with 5.4% growth of a year ago.
For the holiday 2021 season, sales for the two-month period surged 12.7%.
Analysts say that shoppers could become rattled if the Israel-Hamas war is not contained, particularly heading into the critical holiday season.
Political Cartoons View All 1230 ImagesThe forecast from the retail trade group considers a variety of indicators including employment, wages, consumer confidence, disposable income, consumer credit, previous retail sales and weather.
The consulting firm Deloitte expects holiday sales to jump between 3.5% and 4.6%.
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