The forecast: US holiday retail sales in 2021 will see the strongest growth in more than 20 years, rising 9.0% from last year to $1.147 trillion. This is the fastest growth rate since 1999 when sales rose 10.2% for the November and December period.
Dive deeper: Two factors will drive this growth.
However, inventory and supply chain challenges, along with more spending being dedicated to nonretail sectors (like travel, dining, and entertainment), may affect sales.
11 Times SquareNew York, NY 100361-800-405-0844