Retailers expect a strong holiday shopping season, but warn that global political and economic uncertainty could erode consumer confidence and spending. The National Retail Federation, which represents retailers including Walmart Inc., Amazon.com Inc. and Macy’s Inc., said Thursday it expects holiday sales to rise in a range of 3.8% to 4.2%—to about $730 billion—after sales came in lower than expected last year in the midst of a federal government shutdown.

Source: Wall Street Journal October 03, 2019 16:50 UTC