Category: Market research

Retail sales slowed in March, but spending was still higher than at the same time last year, said the National Retail Federation. “Retail sales moderated in March after posting strong gains in the first two months of the year,” said Matthew Shay, NRF President and CEO. “Continued easing of inflation and the overall strength of the job market and wages... Read More

The National Retail Federation (NRF) issued its annual forecast, anticipating that retail sales will grow between 4% and 6% in 2023. In total, NRF projects that retail sales will reach between $5.13 trillion and $5.23 trillion this year. “In just the last three years, the retail industry has experienced growth that would normally take almost a decade by pre-pandemic standards,”... Read More

Overall retail sales dipped slightly in February, but core spending rose, the National Retail Federation said today. “February’s retail sales growth is not surprising given the strong growth we saw last month, continuing to reflect consumers’ ability and willingness to spend thoughtfully on household priorities,” said Matthew Shay, CEO and president, NRF. “While recent volatility in banking and financial markets... Read More

A recession is unlikely and the economy is expected to see slight growth in 2023 as consumers continue to cope with inflation and high interest rates, said Jack Kleinhenz, National Retail Federation (NRF) chief economist. “A month into 2023, the economy is facing stiff headwinds and – with the exception of easing inflation – will likely face more challenges before... Read More