Holiday sales face tough year-over-year comp


WASHINGTON -- Total holiday retail sales are expected to increase 5 percent over last year, bringing holiday spending to $435.3 billion, according to the National Retail Federation (NRF). In comparison, holiday sales in 2004 rose 6.7 percent to $414.7 billion.

“A combination of many factors, including energy prices, the job market, disposable income, and consumer confidence, will ultimately affect retailers’ sales this holiday season,” said NRF Chief Economist Rosalind Wells.

One-fifth of retail industry sales (19.9 percent) occur during the holiday season, making it the most important time period of the year for the industry, according to the NRF. The effects of Hurricane Katrina and high prices at the pump play a role in the tempered outlook, the organization stated. However, NRF maintains that steady consumer spending and strong second and third quarter gains indicate potential for a solid holiday season.

Featured Video

  • Live From New York: Fashion Comes Across the Pond

    Camera Icon More Videos

Subscribe to
Home & Textiles Today eDaily
Receive the news you need to know about the trends in the industry delivered right to your inbox.


HTT Cover October 2017

See the October 2017 issue of Home & Textiles Today. In this issue, we look at the Top 25 Online Retailers.  H&TT's exclusive annual ranking of the biggest online sellers of home textiles finds that while pure play etailers continue to fly, bricks & clicks are digging into omnichannel. See details!