US holiday spending to approach $1 tn: Retail Federation

US holiday spending to approach $1 tn: Retail Federation

US holiday spending to approach $1 tn: Retail Federation …C0NTINUE READING HERE >>>

Retailers are expected to hire between 400,000 and 500,000 seasonal workers this year, according to the National Retail Federation.
Photo: SAUL LOEB / AFP/File
Source: AFP

US consumers are expected to spend close to $1 trillion during the winter holiday season, a slight uptick from the year prior, the National Retail Federation (NRF) said Tuesday.

The trade association forecasts total holiday spending in November and December will grow by 2.5 percent to 3.5 percent over 2023 — reaching between $979.5 billion and $989 billion.

The period covers “Black Friday,” the day after the US…

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