Don’t count out the holiday season just yet.
After a larger-than-usual last-minute shopping boost, followed by a solid start to the post-Christmas period, one well-known retail analyst is lifting his forecast for the critical spending period.
Craig Johnson, president of Customer Growth Partners, now expects holiday sales to increase 4.9 percent this season. That’s up from his previous estimate of 4.1 percent growth.
In addition to the last-minute spending surge, stronger-than-expected economic fundamentals, record stock prices, double-digit online sales growth and chilly temperatures contributed to the firm’s revision.
“This was the strongest Christmas Eve we’ve seen in a long time,” Johnson said. He added that Monday was the “strongest Dec. 26th we’ve seen in years.”
During the final shopping crunch, retailers benefited from Christmas falling on a Sunday. That gave consumers an extra Saturday to complete their shopping. The industry’s momentum continued into Monday, which was a federal holiday, Johnson said.
!snip!
Ya, well, I think a lot has to do with the people being in a good mood after Trump won.
Who would have thought that Obamas greatest economic strategy was leaving office.
0bama leaving puts everyone in a good mood. The last few years, the stores in my town weren’t really buzzing during Christmas. This year, we couldn’t even find parking spaces at the grocery stores. I hope that continues.
Should keep people from going out of bidness.
Heck ya! The wife and I just bought a Harley to help celebrate his win.
It’s hope that the oppression will end and we won’t
have to put up with a six year old whining communist
crying in the house that used to be called white.
What new taxes do we have next year that that
son’s a bitch authorized? Tune in soon!!!