With the final Christmas countdown begun, the National Retail Federation has upgraded its holiday sales forecast, reflecting growing optimism that much more spending is to come. The NRF now expects holiday sales to rise 3.8% to a record $469.1 billion. That's up from its more modest 2.8 percent forecast made in early October, though it's hardly stellar.
The National Retail Federation is forecasting a less cheerful holiday season for America's stores, which means shoppers can expect to scoop up big discounts as retailers work harder to get cash registers ringing. But if you want the hottest gifts, you might want to buy early.
Class, today's lesson in back-to-school shopping is what grownups call a good news/bad news situation. First, the goods news: Back-to-school spending is expected to increase over last year, according to the retail analyzer ShopperTrak. The bad news: Shoppers won't be coming to the store as much.
