Sales: Retailers and Holiday Season

sales: But while sales were up, there may be a mixed feeling, as the tariffs the US imposed on China have slashed their profits, and the long-discussed phase one deal poses more uncertainties on future sales, according to Global Times China. Expectations for this holiday season are strong, as the US National Retail Federation expects a 4 percent increase in sales over last year. Photo AFP Black Friday, which fell on November 29 this year, remains the busiest shopping day for US retailers. Discounts are also huge, and a jump in sales during the holiday season, a period which makes up nearly 40 percent of annual revenue for many retailers, may not lead to huge profits for US retailers, as the tariffs, which are now generally shared by retailers and Chinese exporters, might eat into more of their profits. They have to bite the tariffs, and the more they sell, the more they bite, Bai Ming, a research fellow at the Chinese Academy of International Trade and Economic Cooperation, told the Global Times on Friday. US retailers may have a 'forced laughter' during the holiday season, to not pass the rising costs to consumers. (news.financializer.com). As reported in the news.