Economy

Holiday sales projected to top $942 billion

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(NewsNation) — The national Retail Federation projects retail sales this holiday season will reach $942.6 billion, more than 2020 and 2021, despite high inflation.

Black Friday is one of the biggest — if not the biggest — shopping events of the holiday season. However, retailers have scaled back their brick-and-mortar sales in favor of monthlong online discounts.

Dan Rocatto, a finance professor at the University of San Diego, said that has meant that Cyber Monday has become a bigger event than Black Friday in terms of total sales.

Watch his interview on “Rush Hour” above.

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