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\presents-small.jpg January 21 2020 November 25 2019

Hope for the Holidays

November and December retail sales are looking bright this year.
Published November 25 2019
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Infographic published November 25, 2019. Title: Hope for the Holidays Seasonal shopping outlook remains bright despite trade uncertainty. Holiday retail sales in 2019 are forecasted to total 729 billion dollars. The 2018 total was 701 billion dollars in sales. This is a projected 4 percent increase over last year. Online and other non-store sales in 2019 are forecasted to total 165 billion dollars. The 2018 total was 146 billion dollars in sales. This is a projected 12 percent increase. Seasonal hires in 2019 are forecasted to total 560,000 temporary holiday workers. The 2018 total was 554,000 temporary holiday workers. This is a projected 1 percent increase. The average consumer is expected to spend 1,048 dollars this holiday season. They will spend 659 dollars on gifts for family, friends and co-workers, 227 dollars on non-gift purchases such as food & decorations, and 162 dollars on other purchases for themselves & family. Information sources for this graphic included: National Retail Federation 2019
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