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Retail spending will see a 3.1 percent growth across 2016, the National Retail Federation reports.
America’s largest retail group said in its annual economic forecast that employment gains and increasing consumer confidence were slowly helping to steer the U.S. economy back into growth.
As a result of that improving economic climate, researchers reckon spending in 2016 will outpace the retail industry’s ten-year average of 2.7 percent.