Poll Question: Holiday Business Barometer
A variety of retail analysts anticipate sales gains during the holidays. The National Retail Federation expects just under 5% growth. The consultants at Deloitte look for just over 5%.
“The anticipated growth in holiday sales is likely because of solid disposable personal income growth, which we expect will be in the 5% to 5.4% range. That is above last year’s 4.7%,” said Daniel Bachman, Deloitte’s US economic forecaster. “A strong labor market should also aid retail spending, along with elevated consumer confidence and a stable personal savings rate of around 7%.”
But the holiday magic doesn’t lift everyone equally. The latest HBSDealer poll question travels along the business activity continuum from very slow to very busy. We ask: “How would you describe the level of business at your company during the holidays?
The poll is open for business on the right side of the page (or scroll down your mobile device).
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