NRF revises upward holiday sales forecast
The National Retail Federation said Wednesday it is revising its forecast for sales during the November-December holiday season to grow 3.3 percent over last year, up from the 2.3 percent increased forecast earlier.
The improved outlook comes after a strong start to the holiday season, and is based on a variety of economic factors, including stock market gains, recent income growth, and savings built up during the recession that are all giving consumers the capacity to spend, NRF said.
NRF revises upward holiday sales forecast
