'U.S. Holiday Spending During November And December Expected To Grow Between 3% And 4% Over 2022 To Between $957.3B And $966.6B' - NRF
Portfolio Pulse from Benzinga Newsdesk
The National Retail Federation (NRF) forecasts that U.S. holiday spending will grow between 3% and 4% over 2022 to between $957.3 billion and $966.6 billion. Online and non-store sales are expected to increase between 7% and 9% to between $273.7 billion and $278.8 billion. NRF expects retailers to hire between 345,000 and 450,000 seasonal workers. The forecast is based on indicators including employment, wages, consumer confidence, disposable income, consumer credit, and previous retail sales.
November 02, 2023 | 3:22 pm
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POSITIVE IMPACT
Kohl's Corporation could benefit from the expected increase in holiday spending, particularly in online and non-store sales.
As a major retailer, Kohl's Corporation is likely to see increased sales during the holiday season. The predicted growth in online and non-store sales could particularly benefit the company, which has a significant online presence.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 75
POSITIVE IMPACT
Macy's, Inc. could see increased sales due to the expected growth in holiday spending.
Macy's, Inc., as a major retailer, is likely to benefit from the predicted increase in holiday spending. The company's strong online presence could also help it capitalize on the expected growth in online and non-store sales.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 75
POSITIVE IMPACT
Target Corporation could benefit from the expected increase in holiday spending and online sales.
As a major retailer, Target Corporation is likely to see increased sales during the holiday season. The predicted growth in online and non-store sales could particularly benefit the company, which has a significant online presence.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 75
POSITIVE IMPACT
Walmart Inc. could see increased sales due to the expected growth in holiday spending.
Walmart Inc., as a major retailer, is likely to benefit from the predicted increase in holiday spending. The company's strong online presence could also help it capitalize on the expected growth in online and non-store sales.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 75