Hope for the holidays Hope for the holidays http://www.federatedinvestors.com/static/images/fhi/fed-hermes-logo-amp.png http://www.federatedinvestors.com/daf\images\insights\infographic\christmas-presents-small.jpg November 20 2020 November 20 2020

Hope for the holidays

November and December retail sales look bright.

Published November 20 2020
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Infographic published November 11, 2020. Title: Hope for the Holidays Seasonal shopping outlook remains bright despite Covid-19 uncertainty. Holiday retail sales in 2020 are projected to be 1.15 trillion dollars, a 1-1.5 percent increase from last year. In 2019, holiday retail sales were 1.14 trillion dollars. Average consumer is expected to spend 997 dollars total, 650 dollars on gifts for family, friends and co-workers, 230 dollars on non-gift purchases such as food and decorations and 117 dollars on other purchases for themselves and family. Information sources for this graphic included: National Retail Federation, 2020; Deloitte, 2020; United States Census Bureau, 2020; CNBC, 2020