Holiday sales this year will be so-so at best, with fiscal concerns and the stalemate in Washington weighing down more promising economic signs, according to the retail industry’s top trade group.
Sales in November and December, which include the shopping Super Bowls of Black Friday and the run-up to Christmas, will tick up 3.9 percent to $602.1 billion, according to the National Retail Federation’s forecast.
Last year, sales rose 3.5 percent. The average increase in the past decade is 3.3 percent.
Online sales growth is expected to be stronger. The NRF said it expects revenue to jump 13 percent to 15 percent in the final two months of the year, amounting to as much as $82 billion.