RAN Forecasts $1.5 Billion in Holiday Shopping

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RAN Forecasts $1.5 Billion in Holiday ShoppingRetail Association of Nevada (RAN) is projecting a 6.4% increase in holiday spending based on strong statewide sales for the first eight months of 2011. If Nevadans keep pace with this year’s $764 per person spending estimate, it would generate in $1.5 billion in holiday season sales. “With nationwide sentiments now matching our expectations for improvements of 6% to 7% in terms of annual holiday spending growth, we are even more confident in our projections,” said RAN President Mary Lau. “On Black Friday and throughout the rest of the holiday season, we hope shoppers everywhere will take advantage of the enticing sales and promotions.”