Fung Global Retail & Technology and First Insight analyzed retailers' sentiment regarding consumers' holiday spending this year.
Almost three-quarters of the survey respondents said they are optimistic about the upcoming holiday season, and about a third said they are extremely optimistic.
More than 60% of those surveyed believe that holiday sales will increase compared to last year, and about 25% expect sales to increase 5%-10%.
More than 32% of respondents said that changes in the global economy will positively influence Holiday 2016 business, while 15% forecast that such changes will have a negative influence.
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