BTW News Briefs
NRF Predicts Holiday Sales to Increase Six Percent
On November 22, the National Retail Federation (NRF) said that as the holiday season gets underway, retailers have cause to be optimistic, thanks to a recent spate of positive economic indicators, including strong October retail sales and dropping gasoline prices. The NRF has revised its holiday sales forecast and estimates total holiday retail sales will increase six percent over last year to $439.53 billion. NRF had previously forecast a five percent sales gain on September 21.