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Despite shoppers’ concerns about rising costs, inflation and the government shutdown, retailers predict sales will increase as much as 4.2% over the holidays. Retail spending during the holiday season will exceed $1 trillion for the first time, despite consumers’ worries about tariffs, inflation and the federal government shutdown, according to a. The 2025 forecast from the national retail federation on thursday estimates that shoppers will collectively spend between $1.01 trillion and $1.02 trillion in november and december, an increase of 3.7% to 4.2% compared with last year

Retailers rung up $976 billion in holiday sales last year, or a 4.3% increase from the prior year, the group said. The nrf expects retail sales during november and december to grow between 3.7% and 4.2% over 2024, translating to sales of between $1.01 trillion and $1.02 trillion. That translates to total spending between $1.01 trillion and $1.02 trillion

By comparison, last year’s holiday sales rose 4.3% over 2023 to reach $976.1 billion.

Holiday sales are set to top $1 trillion for the first time, the national retail federation projects, underscoring the resilience of american consumers despite economic headwinds. Holiday spending will surpass $1 trillion this year and set a record despite consumer caution, according to a forecast by the national retail federation. Holiday season sales could exceed the $1 trillion mark for the first time, according to the national retail federation (nrf), which on thursday released its annual holiday forecast

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