A 2% increase in holiday sales may not sound like much, but with unemployment still running rampant through the US, it’s good news for retailers. Financial consultants Deloitte, are joining those that went before them saying that there will be an increase in spending this year and that much of it will be due to the online sector.
Carl Steidtmann, Deloitte’s chief economist says,
“Should consumers receive good tidings later this season in the way of falling energy prices or additional stock market gains, they may be able to lend retailers a bit more holiday cheer. However, given the unsteady pace of economic recovery, retailers should expect only a small uptick in holiday sales this year.”