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PRA Group, Inc. latest news:

  • 09/20/2017 11:41:46

    Holiday retail sales expected to reach about $1.04 trillion: Deloitte

    Experts in Deloitte's retail and distribution practice said Wednesday that they expect holiday sales, seasonally adjusted and excluding motor vehicles and gasoline, to be $1.04 trillion to $1.05 trillion between November and January. They anticipate a year-over-year holiday retail sales increase of 4% to 4.5%, and e-commerce sales will rise 18% to 21%, reaching $111 billion to $114 billion. A strong labor market and high consumer confidence are two factors responsible for the growth. An increased savings rate and the impact of an active hurricane season are risks to the forecast, Deloitte said. Global business advisory firm AlixPartners has a wider forecast, anticipating a year-over-year increase in holiday retail spending between 3.5% and 4.4%, the group said Wednesday. The SPDR S&P Retail ETF is down 6.2% for the past year while the S&P 500 index is up more than 17% for the period.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit for more information on this news.

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