With trillions of federal stimulus money in the past, and no more on the way, this year's holiday sales are expected to return to more typical growth, according to the National Retail Federation (NRF), which forecasts a 3% to 4% increase compared to 2022.
Holiday spending during November and December, hence, is expected to reach between $957.3 billion and $966.6 billion.
Online and other non-store sales are expected to increase between 7% and 9%, according to NRF.
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