Despite Global Challenges, U.S. Retail Sales Poised for Holiday Surge
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11 December 2023, Mumbai
Despite global economic woes impacting the fashion and retail sectors, U.S. retail sales are projected to rise 3-4% year-on-year in November and December 2023.
The National Retail Federation expects exceptional holiday spending, exceeding the pre-pandemic average.
While online sales continue to climb, physical store openings outpaced closures in 2022, further solidifying the strength of the U.S. retail landscape.