And We're Off: First-Ever $1 Trillion Holiday Shopping Season Expected

Black Friday is here and this holiday shopping season is expected to be one for the books.

With Black Friday the unofficial launch of the holiday shopping season, retailers are expecting sales to top $1 trillion for the first time ever.
Photo Credit: *File photo*

11/23/2018 11:08 a.m.

The spending forecast is above $1 trillion for the first time, with e-commerce sales comprising an estimated $123.7 billion, according to eMarketer.

There are a number of ‘macroeconomic indicators’ that hint at this spike in shopping season sales; a positive labor market, increased consumer confidence, and overall GDP growth and lower unemployment.

If estimates are correct, the total increase in spending will be 5.8% higher than last year’s sales and spending numbers.

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