Retailers brace for a record-breaking holiday season as forecasts predict spending will climb up to 4.8% to reach $1.70 trillion, according to data from major analytics firms and consultancies.
Mastercard is cited as a source for holiday retail sales forecasts, indicating its data is referenced but no direct company-specific impact.
Adobe is mentioned as a source for holiday retail sales forecasts, reflecting its analytics role but no direct earnings or guidance impact.
McKinsey is listed as a forecaster for holiday retail sales, but as a private consultancy, no public market impact.
PwC is cited as a source for retail sales forecasts, but as a private firm, no direct market impact.
Deloitte is mentioned as a forecaster for holiday retail sales, but as a private firm, no direct market impact.
U.S. holiday retail sales are expected to reach a record $1.70 trillion, marking a 4.0% to 4.8% increase over the previous year. Industry analysts from Mastercard, Adobe, McKinsey, PwC, and Deloitte provide the data underpinning this growth forecast as Consumer Product Events releases its annual holiday gift guide.
Retail sales are expected to grow between 4.0% and 4.8% compared to the previous year, reaching a total of $1.70 trillion.