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Consumer Confidence
Retailers expect strong holiday sales for upcoming season
Retailers expect strong holiday sales for upcoming season

Holiday shopping is expected to be stronger this year than last, with one retail group calling for the biggest gain in three years. Consumers will spend an estimated $488.6 billion at shopping centers during November and December, a 4 percent sales gain, the International Council of Shopping Centers said in a forecast Thursday. The group pointed to a significant rebound in the labor market since last spring, lower unemployment rates and gains in personal income as factors expected to boost spending. Consumer confidence is higher than last September, the group said. "While consumers are expected to remain focused on price this holiday, the positive momentum of key economic...

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