Initial 2017 sales growth estimates exceed $33 billion (almost 6%), for a total of $598 billion, according to analysis by Customer Growth Partners.
Consumer spending represents two-thirds of total GDP; and with initial Q4 sales growth estimates coming in much higher than anticipated – this puts even more fuel into fourth quarter GDP growth estimates that have been hovering near 4%.
The stunning retail growth increases have been noted in both on-line and brick-and-mortar stores which reflects a more broad increase, driven by consumer confidence, likely to exceed these initial estimates.
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CBS – […] Total retail sales this holiday season added up to a record $598 billion dollars — up $33 billion from last year. “This is literally the best season since before the recession,” business owner Craig Johnson said.





