Deloitte is forecasting holiday sales will increase between 3.5% and 4% as the economy's health and the presidential election take center stage among consumers this fall.
Retailers should expect small gains in 2011 holiday sales, Deloitte forecast on Monday.
A report released Tuesday by Deloitte said that consumer spending continued its decline in May, weighed down by a sharp rise in unemployment claims.
The Deloitte Consumer Spending Index, released Monday, rose in February, driven primarily by the slight improvements in real home prices and initial jobless claims, according to the company.
Deloitte said it expects modest increase in 2010 holiday sales, as slow economic growth keeps...