The National Retail Federation reports that retail sales rose in October, due in large part to many consumers beginning holiday shopping early to avoid shortages amid pandemic-driven supply chain disruptions that are dominating businesses and shoppers this holiday season. “Retail…
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Matthew Shay
- AMP NewsBusinessEconomicsGovernmentIndustriesRetail/restaurants
National Retail Federation Predicts Highest Holiday Retail Sales on Record
by AMP Staffby AMP StaffHoliday spending has the potential to shatter previous records, as the National Retail Federation on Wednesday forecast that holiday sales during November and December will grow between 8.5 percent and 10.5 percent over 2020, to between $843.4 billion and $859…
After a devastating economic drop in 2020, one economist is optimistic about the economy’s progression during the COVID-19 pandemic. The National Retail Federation’s chief economist, Jack Kleinhenz, wrote that the economy has “come a long way compared to a year…