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NEW YORK Despite earlier reports that holiday sales will be off this year, the Conference Board predicts consumer spending will in fact rise this Christmas season.
In its annual report on gift-spending intentions, the board found reasons to be hopeful.
“Consumers are in a festive mood heading into the Thanksgiving holiday,” Lynn Franco, director of the Conference Board Consumer Research Center, said in a statement. “And, it appears they are willing to spend more than last year, though retailers can still expect a fair share of bargain hunters will be lining up for the traditional kickoff this Friday.”
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