Connect with us

Headlines

Trade Group Predicts Record Holiday Sales

ICSC predicts 2021 retail sales will increase up to 9 percent.

mm

Published

on

The International Council of Shopping Centers predicts that, despite supply chain woes, holiday spending will increase 8 to 9 percent compared to last year, according to Forbes.

“I think this is going to be a very strong holiday season, for obvious reasons,” ICSC President and CEO Tom McGee said. “The economy is strong, consumer spending has continued to be strong despite the challenges related to the pandemic, and there’s a tremendous amount of personal savings and pent-up demand.”

The trade group estimates that holiday spending this season will outpace record-breaking growth experienced during Christmas 2020. Last year spending grew by 8.3 percent, more than twice the 3.5 percent average growth the industry saw during the previous five years per figures from the National Retail Federation (NRF).

Advertisement

SPONSORED VIDEO

This Third-Generation Jeweler Was Ready for Retirement. He Called Wilkerson

Retirement is never easy, especially when it means the end to a business that was founded in 1884. But for Laura and Sam Sipe, it was time to put their own needs first. They decided to close J.C. Sipe Jewelers, one of Indianapolis’ most trusted names in fine jewelry, and call Wilkerson. “Laura and I decided the conditions were right,” says Sam. Wilkerson handled every detail in their going-out-of-business sale, from marketing to manning the sales floor. “The main goal was to sell our existing inventory that’s all paid for and turn that into cash for our retirement,” says Sam. “It’s been very, very productive.” Would they recommend Wilkerson to other jewelers who want to enjoy their golden years? Absolutely! “Call Wilkerson,” says Laura. “They can help you achieve your goals so you’ll be able to move into retirement comfortably.”

Promoted Headlines

Most Popular