Listen Online - Listen on Mobile | Mobile App Info

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.


Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.


More From CBS Las Vegas

Get Started
Introducing Your New Podcast Network

Listen Live