holiday shopping

Providence Business News Editor Mark Murphy joins Rhode Island Public Radio's Dave Fallon for our weekly business segment, The Bottom Line.

This week Mark and Dave discuss the outlook for retailers this holiday season with Paul DeRoche, senior vice president of government relations at the Greater Providence Chamber of Commerce.

According to DeRoche, retailers have noticed that millennials eschew aparrel in favor of devices like smart phones. For the holiday shopping season, DeRoche predicts sales volume will increase by 5 percent from 2014.

The all-important holiday shopping season is upon us.  November and December sales are make or break months for retailers, representing as much as 20 percent of total annual sales.

The National Retail Federation is forecasting a nearly four percent increase in holiday sales this year. But local retail officials are taking a more cautious approach. Paul DeRoche heads the Rhode Island Retail Federation.