The International Council of Shopping Centers is predicting that holiday sales will climb 4.9 percent this year.
In its holiday report, the International Council of Shopping Centers said sales will climb 4.9 percent this year — driven by consumers shopping in stores and online. The ICSC also said a large number of shoppers will be using mobile devices inside stores this year.
The ICSC’s “Holiday Intentions Survey” has retail sales pegged rising to $832.3 billion with “the average adult” planning to spend about $683 on holiday-related items. This includes $496 specifically on gifts and $187 on “other holiday items.” The survey also showed that 48 percent of consumers plan on using “click and collect” this holiday, which is also known as buy online, pick up in-store.
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