Contact Us

Modest Holiday Season Sales Expected [AUDIO]

Retail sales are expected to grow modestly this holiday season.

Andrew Burton, Getty Images

The National Retail Federation (NRF) expects sales in the months of November and December to increase 3.9 percent to $602.1 billion, over 2012’s 3.5 percent holiday season sales growth.  The forecast is higher than the 10-year average holiday sales growth of 3.3 percent.

“For retailers it’s a lot more than just two months out of the year, it’s the biggest time of the year,” said Kathy Grannis, a spokesperson for the NRF.

While the forecast is for actual growth, there are some questions that remain.  “There are a few variables and a few factors that could derail the holiday season for retailers,” said Grannis.

Grannis said a lot remains unknown about the federal stalemate, hiring and the economy.

“Our forecast is a realistic look at where we are right now in this economy – balancing continued uncertainly in Washington and an economy that has been teetering on incremental growth for years,” said Matthew Shay, president and CEO of NRF.

Overall, retail sales drives at least 70 percent of the United State economy.

Audio clip: Adobe Flash Player (version 9 or above) is required to play this audio clip. Download the latest version here. You also need to have JavaScript enabled in your browser.





Best of WOBM

Recommended For You

Best of the Web

Leave a Comment

It appears that you already have an account created within our VIP network of sites on . To keep your personal information safe, we need to verify that it's really you. To activate your account, please confirm your password. When you have confirmed your password, you will be able to log in through Facebook on both sites.

Forgot your password?

*Please note that your prizes and activities will not be shared between programs within our VIP network.

It appears that you already have an account on this site associated with . To connect your existing account just click on the account activation button below. You will maintain your existing VIP profile. After you do this, you will be able to always log in to using your original account information.

*Please note that your prizes and activities will not be shared between programs within our VIP network.

Please fill out the information below to help us provide you a better experience.

(Forgot your password?)

Not a member? Sign up here

Sign up for WOBM Listener Club quickly by connecting your Facebook account. It's just as secure and no password to remember!

Sign up to have exclusive WOBM Listener Club contests, events, coupons, presales, and much more delivered to you for FREE.