Moody’s Investors Service has changed its outlook for the retail industry in the U.S. to positive from stable.
Consumers said they will spend an average of $1,007.24 during the holiday season this year, up 4.1% from the $967.13 they said they would spend last year, according to the annual survey released by the National Retail Federation and Prosper Insights & Analytics.
Cargo traffic at the nation’s container ports is expected to grow modestly in December, according to the National Retail Federation.
Adobe has released its online shopping predictions for the upcoming holiday season.
After months of record-setting volume as retailers stocked up for the holiday season, imports at the nation’s major container ports should be essentially flat this month compared with the same time last year, according to the monthly Global Port Tracker report released by the National Retail Federation and Hackett Associates.
Most consumers say they will spend about the same amount during the holiday season this year as last year, but a new survey released by the National Retail Federation and Prosper Insights & Analytics indicates that young adults ages 18 to 24 years old are the most likely to increase spending.