Holiday spending will increase a solid 3.6% this year to $655.8 billion, the National Retail Federation projected Tuesday.
The annual forecast does not include auto sales, gas and restaurants. But the largest retail sector included in the projection is food-and-beverage stores, which last year accounted for 19% of the $632.8 billion in total sales.
In 2015, holiday sales increased 3.2% over the prior year, the NRF said.
“We think 3.6% is a very, very solid