"Although the pace of increase in holiday sales will be slower than last year, we expect that healthy growth in disposable personal income, combined with a steady labor market, will support a solid holiday sales season."

Akrur Barua, economist, Deloitte Insights, commented on Deloitte research, which projects holiday sales will total $1.58 trillion to $1.59 trillion during the November to January time frame. The study also found that the holiday retail sales season will see an increase between 2.3 percent and 3.3 percent, but online holiday sales are expected to grow between 7 percent and 9 percent compared with the 2023 season.