The Business of Fashion
Agenda-setting intelligence, analysis and advice for the global fashion community.
Agenda-setting intelligence, analysis and advice for the global fashion community.
NEW YORK CITY, United States — US holiday sales will increase 4.3 percent to 4.8 percent, getting a boost from a strong economy, according to a forecast from a leading retail industry group.
The National Retail Federation (NRF) forecast compares with an average increase of 3.9 percent over the past five years.
The retail trade group said it expects sales for the last two months of the year between $717.45 billion and $720.89 billion, excluding autos, gasoline and dining out.
NRF's forecast is one of the most closely watched benchmarks ahead of the holiday season, when retailers like Macy's, Walmart and Target generate an outsized portion of their profits and sales.
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The last two months of the year can account for 20 percent to 40 percent of annual sales for many retailers.
By Nandita Bose; editor: David Gregorio
From analysis of the global fashion and beauty industries to career and personal advice, BoF’s founder and CEO, Imran Amed, will be answering your questions on Sunday, February 18, 2024 during London Fashion Week.
The State of Fashion 2024 breaks down the 10 themes that will define the industry in the year ahead.
Imran Amed reviews the most important fashion stories of the year and shares his predictions on what this means for the industry in 2024.
After three days of inspiring talks, guests closed out BoF’s gathering for big thinkers with a black tie gala followed by an intimate performance from Rita Ora — guest starring Billy Porter.