Holiday sales predicted to rise this year
NEW YORK - Americans are expected to spend at the highest rate in three years during what's traditionally the busiest shopping season of the year. But holiday shoppers will still want fat discounts, and experts cite a sharp divide between the haves and have nots in an uneven economic recovery.
The National Retail Federation, the nation's largest retail trade group, said Tuesday that it expects sales during the November and December period to be up 4.1 percent to $616.9 billion. That's a percentage point higher than last year. It marks the highest increase since 2011 when it was 4.8 percent.
Desktop NewsClick to open Continuous News in a sidebar that updates in real-time.
Police: Boyfriend beats 76-year-old woman to death after smoking mojo
News 2 at Noon - Charles Steinberg talks sports funding
Business owner fed up with trash pile in local shopping center
Fraternity at center of Max Gruver death banned from LSU through 2032
Crews experiencing yard waste overload