Swedish retailer IKEA announced Tuesday it plans to build a store in Columbus near Polaris Mall.
Ohio Retailers Expect Boost In Holiday Sales
Retail researchers expect sales to be up this holiday shopping season for Ohio businesses.
However, the forecast by the University of Cincinnati Economics Center indicates uneven sales growth around the state, with the Columbus, Cleveland, Toledo and Cincinnati metro areas leading the way. Sales are projected to be up only slightly in the Youngstown region, and roughly flat in the Akron and Dayton areas.
Overall, the forecast projects $14.9 billion in retail sales for November-December, up 3.5 percent from the same period last year. The forecast done in conjunction with the Ohio Council of Retail Merchants was presented Monday.
The highly competitive holiday shopping season that heats up this Thanksgiving week usually produces a significant chunk of the annual revenues for many retailers.