While families are planning to spend more on K-12 students in every category, electronics and clothing saw the biggest increases.
The National Retail Federation is projecting $20.1 billion will be spent on the holiday this year.
Adobe’s final tally for Cyber Monday online sales in the U.S. came in at $10.8 billion, which was at the low end of its forecasts, though still a record.
Despite an ongoing global pandemic, the retail trade group wants to know “the basis” for the state’s COVID-19-related restrictions.
The 90 national and state retail organizations that signed onto the letter agree that the paramount issue facing the industry right now is liquidity.