Customer Growth Partners (CGP) said it expected pent-up demand and deleveraged shoppers to defy many forecasts and spend heavily during the holiday season.CGP said it expected sales during November and December to grow by 6.5% as compared to last year - the most rapid such growth since 2004 - and more than twice consensus forecasts calling for growth of 2% to 3.5%. The figures include all retail categories except for autos, gasoline and restaurants and was based on proprietary store and retailer research and U.S. data on personal income, employment, savings rate and retail sales.
Source: Supermarket News
No comments:
Post a Comment