However, fundamentals ‘remain positive,’ according to NRF.
Latest tariff lList is ‘far too great a gamble for the U.S. economy,’ says NRF.
The results come as NRF is forecasting that retail sales during 2019 will increase between 3.8 percent and 4.4 percent.
Sales are up 3.6 percent over 2018, according to NRF.
2018 holiday sales grew 2.9 percent amid turmoil over trade policy and delay in data collection.
NRF forecasts retail sales will grow between 3.8 and 4.4 percent.
The immediate pressure to stock up on merchandise has passed but retailers remain concerned.
Retailers hired 576,800 seasonal workers for holidays.