By Thomas R. Cutler
Consumer spending trends suggest this holiday season for retailers and logistics companies will drive an improvement of 15 per cent year-over-year.
With retail sales in the US expanded 0.8 per cent in October after a strong 1 per cent gain in September, the Wall Street Journal’s Josh Mitchell reported, in the best two-month stretch of sales in at least two years.
The brisk spending is a strong sign that the economy is picking up steam, with both wages and employment rising. The expansion, mostly e-commerce, proves that once again online sales are growing at triple the rate of overall retail sales. [Read more…] about Consumer demand, and the demanding consumer, for the holidays