Customer Growth Partners has updated its holiday forecast to a 5.8% year-over-year growth, to a record $749 billion.
“After the COVID store closures crushed sales by 12% in April, traffic and sales have rebounded ever since, culminating in the most recent actual data from the six mega-retailers that account for almost 30% of all U.S. retail sales,” said CGP president Craig Johnson. (The CPG forecast spans all retail sales except autos, gasoline and restaurants.)
According to Johnson, the steep 18.5% jump in combined third-quarter sales of Amazon, Costco, Home Depot, Lowe’s, Target and Walmart shows that consumers are out and buying in a way they haven’t been in over a year.
Source: Chain Storeage
Omni Talk is the retail blog for retailers, written by retailers. Chris Walton and Anne Mezzenga founded Omni Talk in 2017 and have quickly turned it into one of the fastest growing blogs in retail. 
