Tuesday, September 24, 2013

Holiday Sales to Rise 4-4.5%

http://www.jckonline.com/2013/09/24/holiday-sales-to-rise-4-percent-forecast-says
Deloitte's Retail & Distribution practice expects total holiday sales to climb 4 to 4.5 percent this year. That would be on par with last year's 4.5 percent gain, Deloitte said.
Daniel Bachman, Deloitte's senior U.S. economist, said in a statement that “rising home prices with steady job creation may buoy consumers' confidence in the economy and create a wealth effect.”
Additionally, Deloitte forecasts a 12.5 to 13 percent increase in non-store sales—with nearly three quarters of those sales coming from online, and the rest coming from catalogs and interactive TV.