With pumpkin spice lattes reigning supreme this fall, U.S. consumers are looking forward to another fall favorite, Halloween, and are planning to spend more than ever, according to the National Retail Federation.
June retail sales (excluding automobiles, gasoline stations and restaurants) increased 0.8 percent, unadjusted month-to-month and 5.1 percent year-to-year, according to the National Retail Federation.
The National Retail Federation anticipates U.S. sales in November and December (excluding auto, gas and restaurant sales) to increase a solid 3.6 percent to total $655.8 billion.
Despite back-to-school shopping starting earlier this year, the average family has only completed 48 percent of their shopping as of early August, slightly down from last year, according to the National Retail Federation.
Bolstered by major film and television releases in 2015 and aided by a surge in collectibles, toys sales grew again last year.