Minnesota Retailers Not Expecting Holiday Sale Gains
ST. PAUL (AP) - Many of Minnesota's biggest companies say they aren't expecting to achieve an expected 4 percent growth in holiday sales.
The National Retail Federation issued its industry forecast, which anticipates the biggest gain in three years, on Monday. Despite the good news, local companies such as Best Buy, Supervalu and women's clothing store Christopher and Banks aren't very optimistic about the retail industry trade group's prediction.
Although Target hasn't officially announced its outlook on holiday sales, the Minneapolis-based retailer may have the best shot at reaching the 4 percent sale increase. Target has reported its overall sales are picking back up since they dropped 6.6 percent after a data breach last holiday season.
Other nationwide retailers, including Macy's, Sears and Gap, have also been struggling with low sales.