National Retail Federation predicts first $1 trillion holiday shopping season

NEW YORK (AP) — American shoppers are expected to spend more during this holiday shopping season than last year despite economic uncertainty and rising prices. The 2025 forecast from the National Retail Federation on Thursday estimates that shoppers will collectively spend between $1.01 trillion and $1.02 trillion in November and December, an increase of 3.7% to 4.2% compared with last year. Retailers rung up $976 billion in holiday sales last year, or a 4.3% increase from the prior year, the group said. ...