New York – An improving economy and tax changes should help retail sales increase 3.8 percent to 4.4 percent this year, an industry trade group said Thursday.
The National Retail Federation’s forecast for 2018 comes after retailers saw the biggest sales increase since 2010 over the recent holiday period.
Low unemployment that means more competition for workers, as well as the tax changes, have led several companies to offer bonuses or raise wages. Retailers like Walmart, Best Buy and Lowe’s have done that so far, and more details about how retailers will use their tax savings may come as they report fourth-quarter results.
Retail group: Annual retail sales to rise 3.8 to 4.4%
Below are a few articles that I found interesting this week:
Can Amazon Take Dallas To The Big Leagues?
Fehmi Karahan on the Next Legacy West
The Future of Shopping Centers
New apartment tower will be Frisco’s tallest building
Warby Parker to have nearly 100 stores open by year-end
Hillwood Opens Master-Planned Community in Celina
UnitedHealth, Walgreens Partner To Put Urgent Care Next To Pharmacies
JC Penney to close Wisconsin facility, eliminating 670 jobs
Denton to Become America’s Largest ‘Green Power’ City
Amazon reportedly launching a delivery service for businesses; FedEx, UPS shares slide
Is Fort Worth ready to shell out $250 million to rechannel the Trinity River for an 800-acre island?
What have you been reading this week? Please comment below with any interesting articles or topics you would like to see covered.
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Tim Lepore 