Tax cuts to help sales climb 4.3%

Kantar Consulting forecasts 4.3% retail growth in 2018, led by big-ticket home goods purchased by tax savings in upper-income households. Consumable brick-and-mortar stores will also have strong growth, but the numbers will still be dampened by store closures led by big names such as Sam’s Club and Walgreens.

Still, Doug Hermanson, principal economist at Kantar Consulting, warns retailers to keep an eye on the stock market and where consumers choose to spend, as retail may hit some bumps in the road.

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