It is forecasted to exceed $1.1 trillion during November to January 2020.
Deloitte’s annual holiday retail forecast revealed that holiday retail sale is estimated to grow between 4.5% and 5% in 2019, likely to exceed $1.1 trillion through November to January 2020. The study projects e-commerce sales to grow by 14-18% year-over-year, in comparison to 11.2% in the previous year.
E-commerce sales are predicted to be between $144 billion and $149 billion this season. Daniel Bachman, economic forecaster at Deloitte observes elated consumer confidence which will boost holiday spending.
Also predicted is a strong growth rate in December 2019 as opposed to 2018’s modest growth. Rod Sides, vice chairman at Deloitte LLP and US adds that a strong holiday season is anticipated in 2019 based on the growth in “consumer disposal income and spending indicator.”
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