Holiday shopping expected to beat last year; hopes high for Small Business Saturday

DENVER BUSINESS JOURNAL - It looks like shoppers will come through for retailers this holiday season.

Holiday retail sales are expected to rise 4.2 percent above last year nationwide. And that would make it the strongest seasonal jump since 2014, said Chris Christopher, executive director, economics at IHS Markit Ltd., the London-based firm with major operations in Colorado.

That’s good news as holiday sales, for many retailers, are the preeminent revenue generator for the year, he said. And this year consumers come ready to shop armed with elevated confidence, employment gains and real disposable income.

Consider this, Christopher said, there will be 820,000 more paychecks hitting consumers’ wallets on Black Friday this year compared to Black Friday 2016, and there will be 3.66 million more paychecks issued this year on the Monday-through-Wednesday run up to Thanksgiving Day compared with last year.

Read more at the Denver Business Journal: http://bit.ly/2hKMYph

Copyright 2017 Denver Business Journal


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