(cnbc.com) - Retailers could be in for a jolly jump in sales this holiday season, despite headwinds like the U.S.-China trade war and the threat of another economic slowdown. Holiday retail sales for 2019 are forecast to increase 4.5% to 5%, exceeding $1.1 trillion, according to an annual survey by Deloitte. That would be better than the Census Bureau data of sales growth of 3.1% on sales of $1.09 trillion from last November to January. “I think this will be a surprise for our clients,” said Rod Sides, vice chairman of Deloitte’s retail and distribution practice in the U.S. “I think most [retailers] would expect a slightly lower increase. ... This is probably bigger than those expectations.” A separate forecast by global consulting firm AlixPartners is calling for holiday sales growth of 4.4% to 5.3%.
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