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Booming Consumer Confidence to Cheer Retailers This Holiday Season

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Booming Consumer Confidence to Cheer Retailers This Holiday Season
People shop for items in Macy's Herald Square in Manhattan, New York. Reuters/Andrew Kelly
Emel Akan
Updated:

WASHINGTON—Retailers expect a blockbuster holiday shopping season this year, thanks to positive consumer sentiment driven by tax cuts, among other factors.

Industry-watchers expect a 4 to 5 percent surge in holiday retail sales, but warn of potential price increases next year.

Emel Akan
Emel Akan
Reporter
Emel Akan is a senior White House correspondent for The Epoch Times, where she covers the policies of the Trump administration. Previously, she reported on the Biden administration and the first term of President Trump. Before her journalism career, she worked in investment banking at JPMorgan. She holds an MBA from Georgetown University.
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