Retailers Expect Happier Holidays
CARSON CITY, Nev. (AP) — Nevada retailers are expecting a merrier holiday shopping season this year.
The Retail Association of Nevada on Tuesday projected spending could increase as much as 7 percent over last year and outpace spending on the national level.
Association President Mary Lau says if Nevada consumers follow national trends, spending in the state is expected to reach $1.6 billion this year.
But she adds that figure could reach as high as $1.7 billion if the growth rate for taxable sales this year in Nevada continues.
A recent Gallup poll projected consumers nationally expect to spend an average $786 this holiday season, up 2.1 percent from last year’s average of $770 and the highest level since 2007.
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