Holiday Sales Forecase Hiked, Gas Prices On The Decline - GoFuckYourself.com

Maxy · 11-22-2005, 10:03 AM

NEW YORK (CNNMoney.com) - The National Retail Federation on Tuesday upped its holiday sales forecast to a 6 percent increase from an earlier 5 percent, saying that a fall in gas prices had given retailers more reason to be optimistic for a better season overall.

"As gasoline prices decrease, consumers are finding a little extra padding in their budgets," NRF chief economist Rosalind Wells said in a statement.

"Nearly every retail category has seen strong sales growth in the past few months, indicating that retailers will see positive gains as consumers continue to spend this holiday season," she added.

The NRF now expects total sales for the critical November-December holiday shopping period to reach $439.53 billion. But that's still below last year's 6.7 percent holiday sales growth.

The two-month period can account for as much as 50 percent of retailers' annual sales and profits.

According to the group, the revision marks the first time that the NRF has ever officially upgraded its forecast during the holiday season.

It previously forecast the 5 percent sales gain back in September.

"Recent consumer spending has surpassed our expectations, and we expect this momentum to continue through the holiday season," NRF president and CEO Tracy Mullin said in a statement. "Though our forecast remains cautious, we are confident that the holiday sales increase will be better than we originally anticipated."

MrJackMeHoff · 11-22-2005, 10:16 AM

so because people save $10 on gas its gonna effect the whole season?

Maxy · 11-22-2005, 10:17 AM

fuck yeah, by 6% apparently.

11-22-2005, 10:03 AM	#1
Maxy Confirmed User Join Date: Nov 2005 Location: NYC Posts: 1,858	Holiday Sales Forecase Hiked, Gas Prices On The Decline NEW YORK (CNNMoney.com) - The National Retail Federation on Tuesday upped its holiday sales forecast to a 6 percent increase from an earlier 5 percent, saying that a fall in gas prices had given retailers more reason to be optimistic for a better season overall. "As gasoline prices decrease, consumers are finding a little extra padding in their budgets," NRF chief economist Rosalind Wells said in a statement. "Nearly every retail category has seen strong sales growth in the past few months, indicating that retailers will see positive gains as consumers continue to spend this holiday season," she added. The NRF now expects total sales for the critical November-December holiday shopping period to reach $439.53 billion. But that's still below last year's 6.7 percent holiday sales growth. The two-month period can account for as much as 50 percent of retailers' annual sales and profits. According to the group, the revision marks the first time that the NRF has ever officially upgraded its forecast during the holiday season. It previously forecast the 5 percent sales gain back in September. "Recent consumer spending has surpassed our expectations, and we expect this momentum to continue through the holiday season," NRF president and CEO Tracy Mullin said in a statement. "Though our forecast remains cautious, we are confident that the holiday sales increase will be better than we originally anticipated." __________________ SIG TOO BIG! Maximum 120x60 button and no more than 3 text lines of DEFAULT SIZE and COLOR. Unless your sig is for a GFY top banner sponsor, you may use a 624x80 instead of a 120x60. Let me repeat... A 120 x 60 button and no more that 3 lines of DEFAULT SIZE AND COLOR text.

11-22-2005, 10:16 AM	#2
MrJackMeHoff Confirmed User Join Date: Mar 2004 Location: LOLLIPOP ISLAND =-=-=-=-=-=-=-=-=-=-= =-=-=-=-=-=-=-=-=-=-= =-=-=-=-=-=-=-=-=-=-= =-=-=-=-=-=-=-=-=-=-= =-=-=-=-=-=-=-=-=-=-= =-=-=-=-=-=-=-=-=-=-= =-=-=-=-=-=-=-=-=-=-= =-=-=-=-=-=-=-=-=-=-= =-=-=-=-=-=-=-=-=-=-= =-=-=-=-=-=-=-=-=-=-= Posts: 4,569	so because people save $10 on gas its gonna effect the whole season? __________________

11-22-2005, 10:17 AM	#3
Maxy Confirmed User Join Date: Nov 2005 Location: NYC Posts: 1,858	fuck yeah, by 6% apparently. __________________ SIG TOO BIG! Maximum 120x60 button and no more than 3 text lines of DEFAULT SIZE and COLOR. Unless your sig is for a GFY top banner sponsor, you may use a 624x80 instead of a 120x60. Let me repeat... A 120 x 60 button and no more that 3 lines of DEFAULT SIZE AND COLOR text.