In a new forecast, the National Retail Federation predicts that holiday sales during November and December will increase between 3.6% and 5.2% over 2019 to a total between $755.3 billion and $766.7 billion.
The 2020 projections, which exclude automobile dealers, gasoline stations and restaurants, are a 4% increase over the $729.1 billion posted last year. They're 3.5 percent over the past five years.
Online sales will drive the surge in spending.
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Leslie Shaver
Les Shaver has been covering commercial and residential real estate for almost 20 years. His work has appeared in Multifamily Executive, Builder, units, Arlington Magazine in addition to GlobeSt.com and Real Estate Forum.
