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Predicted Merry Christmas for Merchants This Year
AP report notes retailers expect a stronger Christmas season with sales up about 5.5 percent in the second half. Edward Donnell of Montgomery Ward cites tax changes and labor contracts as drivers, while Carl Madden of the U.S. Chamber cites higher government salaries and social security as boosts.
MENTIONED IN THIS ARTICLE
Harry Steinberg
New York
Edward S. Donnell
Montgomery Ward
Carl H. Madden
U.S. Chamber of Commerce
Madden
Gordon Metcalf
Sears-Roebuck
William Burston
National Retail Merchants Association
Burston