Expect Moderate Holiday Sales Growth, Says NRF
WASHINGTON -- Coming after the strongest holiday season in five years, grocers and other retailers can expect only moderate holiday sales growth this year, the National Retail Federation here said yesterday. The trade group forecasted that total holiday retail sales--including grocery stores, discounters, department stores, and specialty stores--will increase 5.0 percent over last year, bringing holiday spending to $435.3 billion. In comparison, holiday sales in 2004 rose 6.7 percent to $414.7 billion.