✉news BusinessRetail first seen 15 h ago, last 54 min ago, peak #3
US holiday retail sales expected to top $1 trillion
Original: Holiday retail sales are expected to top $1 trillion as inflation boosts growth
Holiday retail sales in the United States are projected to exceed $1 trillion for the first time, with higher prices from inflation contributing to the headline growth figure. The forecast points to strong consumer spending during the holiday season, though analysts caution that part of the increase reflects rising costs rather than shoppers buying more goods.
Why now: The record $1 trillion forecast lands as shoppers begin holiday spending and inflation keeps pushing prices up.
US retail sectorCNBCholiday shoppers
Evidence
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