Holiday shopping sales are expected to rebound this year, with more than a 4 percent year-over-year increase. Last year’s growth of 3.6 percent will be outshined this year, which is a welcome bump for may retailers.
That’s according to new research from Customer Growth Partners’ 16th Annual Holiday Forecast. The research found that retail sales for the November-December holiday period will reach $632 billion, which is a record-breaking number, reflecting rising incomes and helpful deflation in food prices, clothing and electronics. The study used data points for 50 major retailers collected on a weekly basis and have been refined since 2001.