FTI Consulting Forecasts a 3.9 Percent Increase in Holiday Sales
October 07 2015 - 7:30AM
FTI Consulting, Inc. (NYSE:FCN), the global business advisory firm
dedicated to helping organizations protect and enhance their
enterprise value, today released its 2015 Holiday Retail Forecast,
projecting a 3.9 percent increase in retail sales for the 2015
holiday season. FTI Consulting's Retail & Consumer Products
practice expects slightly stronger results than the Company’s 2014
forecast, but weaker than last year’s 5.2 percent year-over-year
increase in holiday sales.
In this year's forecast, the firm’s Retail & Consumer
Products practice experts note that early coverage on the 2015
holiday season is neither encouraging nor discouraging. A late
Labor Day this year means that analysts are still entrenched in
analyzing back-to-school season sales data, with the consensus
saying so far that the season was just ‘okay’. Additionally,
seasonal hiring plans for the 2015 holiday are showing mixed
results, but mostly in-line or less than last season’s hiring.
FTI Consulting’s experts also note that consumer confidence
remains fairly high, but has backed off its post-recession peaks of
mid-year when most confidence polls were at eight-year highs.
Additionally, wage gains remain weak, having improved from low
post-recession levels, but not nearly large enough to encourage
robust spending.
“Despite the glimmer of hope the market had for the U.S. retail
sector as we entered 2015, today’s retail environment still lacks
vigor,” said Bob Duffy, Global Leader of FTI Consulting's
Corporate Finance/Restructuring segment and the firm's Retail &
Consumer Products practice. “Our 2015 holiday sales forecast is in
line with a year of continued weak consumer spending.”
FTI Consulting will release its full 2015 Holiday Retail Report:
Still No Urge To Splurge in November 2015.
About FTI Consulting
FTI Consulting, Inc. is a global business advisory firm
dedicated to helping organizations protect and enhance enterprise
value in an increasingly complex legal, regulatory and economic
environment. With more than 4,400 employees located in 26
countries, FTI Consulting professionals work closely with clients
to anticipate, illuminate and overcome complex business challenges
in areas such as investigations, litigation, mergers and
acquisitions, regulatory issues, reputation management, strategic
communications and restructuring. The Company generated $1.76
billion in revenues during fiscal year 2014. For more information,
visit www.fticonsulting.com and connect with us on Twitter
(@FTIConsulting), Facebook and LinkedIn.
FTI Consulting, Inc.
1101 K Street NW
Washington, DC 20005
+1.202.312.9100
Investor Contact:
Abaigeal Healy
+1.617.747.1727
abaigeal.healy@fticonsulting.com
Media Contact:
Nicole Madison
+1.212.850.5647
nicole.madison@fticonsulting.com
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