2017 opened on an optimistic note for retailers, with Moodyâs forecasting core retail sales increase of 5.4 percent, up from 4.2 percent in 2016. Analysts anticipated that higher employment and wages would drive higher sales. The preliminary results from the holiday shopping season are bearing this out so far, with Cyber Monday posting a 16.8 percent increase from 2016, making for the biggest online shopping day in history to date. Holiday shopping is on track to reach the $100 billion mark.
Published by Retail Network Security Solutions
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