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Sponsored by: OTELCO
Holiday spending has the potential to shatter previous records, the National Retail Federation predicted last week.
Sales in the U.S. during November and December are forecast to grow between 8.5% and 10.5% over 2020 levels, ringing up a total of between $843.4 billion and $859 billion.
The numbers, which exclude purchases at automobile dealers, gasoline stations and restaurants, compare with a previous growth rate of 8.2% in 2020 to $777.3 billion, and an average increase of 4.4% over the past five years.
Sponsored by: OTELCO
Holiday spending has the potential to shatter previous records, the National Retail Federation predicted last week.
Sales in the U.S. during November and December are forecast to grow between 8.5% and 10.5% over 2020 levels, ringing up a total of between $843.4 billion and $859 billion.
The numbers, which exclude purchases at automobile dealers, gasoline stations and restaurants, compare with a previous growth rate of 8.2% in 2020 to $777.3 billion, and an average increase of 4.4% over the past five years.
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Craig Wetmore
The sales will be strong, but the supply of product will be lacking. Order early and happy holidays!