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By Joe Kornik
Published: Nov 7, 2012
Deloitte Predicts a 4% Increase in Seasonal Sales
Retailers should expect a modest increase in 2012 holiday sales, about 3.5 percent to 4 percent increase over last year, according to a recent Deloitte forecast.
Retailers should expect a modest increase in 2012 holiday sales, about 3.5 percent to 4 percent increase over last year, according to a recent Deloitte forecast. Deloitte’s retail & distribution practice expects total holiday sales to climb to between $920 and $925 billion in November through January holiday sales (excluding motor vehicles and gasoline) over last season. This growth rate is below last year’s 5.9 percent gain. Additionally, Deloitte forecasts a 15 to 17 percent increase in non-store sales.