Holiday Retail Sales To Hit Highest Since 2005Press Release
Procrastinators and internet shoppers saved the day this holiday season, transforming what was a slow start into the best holiday season for retailers in years.
That’s according to the Wall Street Journal, which reported estimates from research firms focused on the retail market indicate sales growth during the holidays that may be the best since 2005. “American consumers are once again proving many of the pundits wrong, as shoppers flock both to websites and to stores — and not just for returns,” said Craig Johnson, president of Customer Growth Partners, in the WSJ report. “They are shopping at a rate not seen since the mid-2000s.”
Customer Growth Partners now expects holiday sales growth to come in at 4.9 percent, up from 4.1 percent. That would represent the largest growth since 2005 when sales increased 6.1 percent, noted the report.