Loading…
Friday, December 26, 2014
Current Weather
Loading Current Weather....
Published: Friday, 12/16/2011

Retail trade group raises Yule spending forecast

BLADE STAFF AND NEWS SERVICES

NEW YORK — With the final Christmas countdown under way, the nation’s largest retail trade group has upgraded its holiday sales forecast reflecting growing optimism that much more spending is to come.

The National Retail Federation said Thursday it now expects holiday sales for the November and December period to rise 3.8 percent to a record $469.1 billion.

That’s up from its more modest 2.8 percent forecast made in early October.



Guidelines: Please keep your comments smart and civil. Don't attack other readers personally, and keep your language decent. If a comment violates these standards or our privacy statement or visitor's agreement, click the "X" in the upper right corner of the comment box to report abuse. To post comments, you must be a Facebook member. To find out more, please visit the FAQ.

Related stories