Holiday sales expected to rise as shoppers take advantage of Black Friday deals – NBC Chicago

Thanksgiving has largely become a quiet holiday in the retail sector, with most stores remaining closed, but Black Friday is still expected to be as busy as ever for many businesses.

The National Retail Federation says it expects spending to increase this holiday season, despite rising interest rates, a possible recession and an increase in the number of stores choosing to remain closed on Thanksgiving Day.

Even so, online shopping should help drive sales, and the Better Business Bureau expects spending to rise nearly 10%.

“We’re expecting $960 billion, an increase of about 8-9% over last year,” said Steve Bernas, president and CEO of BBB of Chicago.

The BBB is also warning shoppers to be smart when buying items online, seeing an increase in complaints of fraud.

“Often we see an increase in complaints online, with fake web offers that only steal your credit card information or other information that steals your identity,” Bernas said. “It’s important to remember when buying online that you are researching the business in every way possible.”

For those who prefer to shop the traditional way, stores will open early on Black Friday, with hours for many major retailers available on the NBC Chicago website.

NBC Chicago

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