NRF PREDICTS EASTER SPENDING TO BE SECOND HIGHEST YEAR ON RECORD: WILL IT MOVE THE NEEDLE FOR FASHION?

With the plethora of sales and deals, it’s no surprise that the holidays are when Americans get to enjoy their favorite pastime — and Easter is no exception. Apart from the more hyped-up Black Friday, the holiday, which falls on the first of April this year, has long marked a shopping tradition. Easter spending is expected to reach $18.2 billion in 2018 — the second-highest level on record, trumped only by last year’s $18.4 billion. “Despite a modest drop, the Easter forecast is still very positive and nearly as high as last year’s record,” NRF president and CEO Matthew Shay said. “Consumer spending remains healthy both for this holiday and this spring, and that paints an optimistic picture for the U.S. economy in the year ahead.”