Headwinds likely to impact holiday sales
Although holiday sales of apparel and footwear are expected to rise this year, analysts believe consumers will be keeping an eye on how much they spend as headwinds such as political uncertainties and economic concerns are likely to come first.
US retailers preparing for the upcoming holiday season - the biggest shopping period of the year - are likely to be hit by headwinds including the presidential election and concerns surrounding the economy. But consumer confidence seems to be picking up and forecasts suggest spending will rise, as Katie Smith reports.
Import cargo volumes at major retail container ports in the US are expected to increase by 9.9% in October as retailers stock up for Christmas, according to the National Retail Federation (NRF).
Most consumers are set to take a conservative approach to their gift-giving this Christmas in the US, according to a survey from the National Retail Federation (NRF).
US retail sales are expected to increase 4.1% this holiday season but will be tempered by political and fiscal uncertainties, according to the National Retail Federation (NRF).
- Wearable technology a key trend for 2015
- Retailers react to India forced labour allegations
- Moisture management fabrics enter a new era
- Mexico urges fast-fashion brands to source locally
- COMMENT: Innovation is the name of the game
- Hazardous chemicals found in children's products
- VF rolls out plan to eliminate harmful chemicals
- October "a scary month" for US apparel retailers
- Raising the minimum wage may reduce employment
- UK Primark supplier goes into administration