-
NRF: Holiday sales forecast to rise 2.8% to $465.6 billion
Washington, D.C. -- A report released Thursday by the National Retail Federation predicted an average holiday shopping season. According to the NRF forecast, holiday retail sales for 2011 are expected to increase 2.8% to $465.6 billion. While that growth is far lower than the 5.2% increase retailers experienced last year, it is slightly higher than the 10-year average holiday sales increase of 2.6%, according to NRF.
-
Macy’s, Kohl’s report strong September showings, J.C. Penney flounders
New York City -- Macy’s saw same-store sales rise 4.9% in September, and total sales increased 5.3% to $2.298 billion in the five-week period.
“We continued to see a strong sales trend in September at both Macy’s and Bloomingdale’s,” said Terry J. Lundgren, chairman, president and CEO of Macy’s. “Our sales performed well both in stores and online. This underscores that our business remains on track, despite the persistently negative macroeconomic news.”