Connect with us

Headlines

Trade Group Predicts Record Holiday Sales

ICSC predicts 2021 retail sales will increase up to 9 percent.

mm

Published

on

The International Council of Shopping Centers predicts that, despite supply chain woes, holiday spending will increase 8 to 9 percent compared to last year, according to Forbes.

“I think this is going to be a very strong holiday season, for obvious reasons,” ICSC President and CEO Tom McGee said. “The economy is strong, consumer spending has continued to be strong despite the challenges related to the pandemic, and there’s a tremendous amount of personal savings and pent-up demand.”

The trade group estimates that holiday spending this season will outpace record-breaking growth experienced during Christmas 2020. Last year spending grew by 8.3 percent, more than twice the 3.5 percent average growth the industry saw during the previous five years per figures from the National Retail Federation (NRF).

Since launching in 2014, INVISION has won 23 international journalism awards for its publication and website. Contact INVISION's editors at [email protected].

SPONSORED VIDEO

See What’s Possible with EssilorLuxottica 360

When you have 360 degrees of support, you can grow your independent practice with confidence. When that support comes from industry leaders with a proven track record of providing partnership opportunities which help independent practices maximize their success – well, the possibilities are endless. From increased visibility through cutting-edge marketing to enhanced patient experiences leading to a better capture rate and everything in between, see what’s possible with EssilorLuxottica 360. Learn more at 360.EssilorLuxottica.com. Powering your practice. Empowering you.

Promoted Headlines

Advertisement

Advertisement

Subscribe

INVISIONMAG.COM
BULLETINS

Get the most important news and business ideas for eyecare professionals every weekday from INVISION.

Advertisement

Most Popular