Holiday Sales Will Likely Rise 4-5% from 2013, Analysts Say
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Darren Hauck/Getty Images(NEW YORK) — Despite a disappointing start to the holiday shopping rush, with sluggish sales on Black Friday, overall holiday sales are likely rise 4 to 5 percent compared to last year, according to analysts.
One likely reason for the boost: Lower gas prices, which have left consumers with more money in their pockets.
Consumer electronics chains and home improvement retailers, in particular, may benefit from the last minute shopping trips.
Teen retailers, however, may turn out to be this year’s biggest losers. Abercrombie & Fitch’s CEO stepped down this month, and two chains — Delia’s and Deb Shops — are going out of business.
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