NATIONAL RETAIL FEDERATION EXPECTS HOLIDAY RETAIL SALES TO TOP $630 BILLION IN 2015


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In its annual analysis, the National Retail Federation predicts that 2015 Holiday Retail Sales will reach $630.5 billion. This would be a 3.7% increase over the 2014 figure and a 1.2% increase over the average rise of 2.5%. The trending increase of the amount spent each Holiday Shopping Season in the US has generally been taken as an indicator of the strength of the consumer economy,” said Carlton Pryor, Lead Economist at TED-OG. “Over the past ten years America has seen an increase from $467 billion in 2004 to $619 billion in 2014. More importantly we’ve noted the increase in consumer Holiday Spending across the pre Recession years 2001-2007 and the Recession to Current era. from 2001 to 2008, inclusive, there was in increase of $96 billion [average $12 billion] in spending while from 2009 through 2014 there has been an increase of $113 billion [average $18 billion]. A rise to $630.5 billion would be living proof that the Obama Administration had succeeded in bringing vitality back to the consumer economy.”

Online sales estimates are expected to come in at as high as $105 billion during the November to December 2015 period. E-commerce sales had peaked prior to the Recession at $29.2 billion in 2007 and last year came in at $53.3 billion. A spike to over $100 billion would mark the first time cybersales had crossed that threshold. This flies in the face of Mike Flynn at Breitbart who predicts a flat increase in Holiday Retail Sales and encourages conservatives to limit Holiday Spending preferring conservatives to “count their blessings” instead.

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One Response to “NATIONAL RETAIL FEDERATION EXPECTS HOLIDAY RETAIL SALES TO TOP $630 BILLION IN 2015”

  1. Fredrick Schwartz, D.S.V.J., O.Q.H. [Journ.] Says:

    No touches here from the conservatives? Delicious how much the right fears being wrong!

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