U.S. retail sales expected to top $3.8 trillion in 2019- NRF

Preliminary estimates show retail sales grew 4.6 percent in 2018 to $3.68 trillion, exceeding the retail industry group’s forecast for growth of at least 4.5 percent, the NRF said.The 2018 results are based on Commerce Department data up through November but include NRF estimates for December, as the agency was closed during the recent government shutdown and has not yet released December figures, the NRF said.

“More people are working, they’re making more money, their taxes are lower and their confidence remains high,” NRF President and Chief Executive Matthew Shay said in a statement.In 2018, a healthy economy and rising wages gave consumers the confidence to shop and splash out on retailers’ annual bargains during the holiday season.“The biggest priority is to ensur…