Deloitte Sees Rise in Holiday Sales
U.S. holiday sales are expected to rise 2.5 to 3 Percent this holiday season despite economic uncertainty. That's according to a recently released forecast from Deloitte.
“Lackluster employment growth, debt crises and stock market fluctuations have battered consumer confidence while inflation left many with lighter wallets this fall,” Alison Paul, vice chairman and U.S. retail & distribution leader for Deloitte LLP, said as part of the announcement.
“Consumers will be conservative this holiday season, but remain resilient and maintain a more positive interest in holiday shopping than we witnessed during the recession.”