Holiday Spending Projected to Hit New Record This Year

The National Retail Federation (NRF) projected that holiday spending will increase this year to a new record, totaling between $979.5 billion and $989 billion, as consumers lean on e-commerce.  This reflects a growth of up to 3.5%, which would be the slowest pace in six years. Last year, holiday sales grew 3.9% to $955.6 billion.