U.S. holiday spending will grow by 3% to 4% over the 2022 holiday to reach record levels of between $957.3 billion and $966.6 billion, the National Retail Federation said Thursday.
This year’s holiday spending is consistent with the average annualized increase of 3.6% between 2010 and 2019, NRF said. It also represents a slower pace than the past three years, when goods-buying soared amid trillions of dollars of pandemic-related federal stimulus provided to consumers, NRF said.
“It is not...
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