The National Retail Federation just released its Holiday 2022 forecast predicting that November and December retail sales will advance between 6% to 8%. This comes on the heels of a 13.5% increase last year. Its forecast excludes automobile dealers, gasoline stations and restaurants.
Recognizing that last year broke all historical records, NRF president and CEO Matthew Shay called out the average 4.9% increase seen over the past decade to declare, “Consumers remain resilient and continue to engage in commerce.”
itim Group plc (LON:ITIM) is a SaaS-based technology company that enables store-based retailers to optimise their businesses to improve financial performance and effectively compete with online competitors.