Rising gas prices and fear of the fiscal cliff aren’t expected to make a substantial dent in holiday sales — or holiday hiring — this year.
In the first of a series of projections from various industry groups, ShopperTrak, the Chicago-based firm that measures traffic and transactions in more than 50,000 retail locations worldwide, said it expects U.S. sales for the critical November-to-December period to rise 3.3 percent over 2011 levels, with apparel and accessories sales rising a more robust 4 percent. Foot traffic is expected to grow 2.8 percent overall and 3.5 percent in the apparel sector.
Alberta Ferretti's "Rainbow Week" sweaters are back. The designer closed her #MFW show with a few day-of-the-week sweaters, which first debuted on the catwalk last January as part of the pre-fall 2017 collection. #wwdfashion (📷: @delphineachard)