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On Wednesday, The National Retail Federation projected retail sales growing between 3.7 and 4.2 percent in 2017. In addition, it&rsquo;s projected that online sales are also expected to increase, but between 8 and 12 percent.

&ldquo;With jobs and income growing and debt relatively low, the fundamentals are in place and the consumer is in the driver&#39;s seat,&rdquo; NRF president and CEO Matthew Shay. &ldquo;But this year is unlike any other &ndash; while consumers have strength they haven&#39;t had in the past, they will remain hesitant to spend until they have more certainty about policy changes on taxes, trade and other issues being debated in Congress.&rdquo;

This most recent projection comes after a holiday season where many major retailers struggled, despite the increase in sales by four percent in November and December.

<a href="http://www.cnbc.com/2017/02/08/retail-sales-seen-rising-between-37-percent-and-42-percent-this-year.html?utm_source=1851franchise.com&utm_medium=article&utm_campaign=cnbc-retail-sales-seen-rising-between-37-and-42-percent-this-year-10092" target="_blank" rel="nofollow" target="_blank">Click here to read the full article.</a>

CNBC: Retail Sales Seen Rising Between 3.7 and 4.2 Percent This Year

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The National Retail Federation projects increase in retail sales. 

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