02.11.22
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Holiday retail sales are expected to increase this year, despite the challenges of a tight labor market, lingering supply chain issues, stubborn inflation and soft consumer sentiment.
As was the case last year, the holiday season is starting earlier than usual, with higher retail center foot traffic expected in October. CBRE projects a 6.9% increase in Q4 retail sales year-over-year to $1.48 trillion, despite inflation straining consumer budgets.
Source: University of Michigan, U.S. Census Bureau, CBRE Research, Q3 2022.
