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NRF: Census data for November shows holiday spending ‘clearly on track’ to meet NRF’s forecast Market research 

NRF: Census data for November shows holiday spending ‘clearly on track’ to meet NRF’s forecast

GaryPageau 0 comment
Following an early start to holiday shopping in October, data released today by the U.S. Census Bureau shows solid retail sales continued as the holiday season officially got underway in November, said Jack Kleinhenz, chief economist, National Retail Federation (NRF). “November’s results show a strong start to the traditional holiday season,” Kleinhenz said. “These numbers combined with better-than-expected October sales... Read More
NRF: 57 million consumers to shop on Super Saturday Market research News 

NRF: 57 million consumers to shop on Super Saturday

GaryPageau , 0 comment
An estimated 157.2 million consumers plan to shop on the last Saturday before Christmas, according to the annual survey released by the National Retail Federation and Prosper Insights & Analytics. The estimate is up from 141.9 million Super Saturday shoppers last year and is the second-highest number after 2022’s 158.5 million figure. “Super Saturday is one of the last opportunities... Read More
NRF and Happy Returns Report: 2024 retail Returns to total $890 billion Market research 

NRF and Happy Returns Report: 2024 retail Returns to total $890 billion

GaryPageau ,
Returns continue to pose a significant cost for the retail industry, with total returns projected to reach $890 billion in 2024, according to a report released today by the National Retail Federation (NRF) and Happy Returns, a UPS company. Retailers estimate that 16.9% of their annual sales in 2024 will be returned. View the 2024 Consumer Returns in the Retail... Read More
NRF: 197 million consumers shopped over Thanksgiving holiday weekend Market research News 

NRF: 197 million consumers shopped over Thanksgiving holiday weekend

GaryPageau , , ,
The five-day holiday weekend from Thanksgiving through Cyber Monday saw an estimated 197 million shoppers, according to the annual survey released today by the National Retail Federation and Prosper Insights & Analytics. The figure is the second-highest number in the survey’s history after last year’s record of 200.4 million, and surpassed NRF’s initial expectations of 183.4 million shoppers. “Thanksgiving weekend retains... Read More
Census data for October shows ‘healthy’ retail sales and ‘early step forward’ into the holiday season Market research News 

Census data for October shows ‘healthy’ retail sales and ‘early step forward’ into the holiday season

GaryPageau , ,
Data released today by the U.S. Census Bureau shows that retail sales grew solidly over the past two months, demonstrating households’ capacity to spend and the strength of the economy, National Retail Federation (NRF) Chief Economist Jack Kleinhenz said. “October’s pickup in retail sales shows a healthy pace of spending as many consumers got an early start on holiday shopping,”... Read More
NRF: Record number of shoppers expected over Thanksgiving holiday weekend  Market research News 

NRF: Record number of shoppers expected over Thanksgiving holiday weekend 

GaryPageau , ,
A record 183.4 million people are planning to shop in-store and online from Thanksgiving Day through Cyber Monday this year, according to the annual survey released today by the National Retail Federation and Prosper Insights & Analytics. The figure is up from the previous record of 182 million in 2023 and 18.1 million people more than five years ago in... Read More
NRF: Holiday spending still on track for steady growth amid ‘mixed signals’ in recent jobs and GDP Data Market research News 

NRF: Holiday spending still on track for steady growth amid ‘mixed signals’ in recent jobs and GDP Data

GaryPageau ,
The National Retail Federation still expects steady sales growth for the winter holiday season despite contradictions in the latest economic indicators, said Jack Kleinhenz, chief economist, NRF. “The economic data calendar was quite busy at the end October but while there were contradictions and mixed signals, we continue to believe the U.S. economy remains in a good place,” Kleinhenz said... Read More
NRF: 2024 holiday spending expected to reach new record Market research 

NRF: 2024 holiday spending expected to reach new record

GaryPageau ,
Consumer spending on the winter holidays is expected to reach a record $902 per person on average across gifts, food, decorations and other seasonal items, according to the National Retail Federation’s latest consumer survey conducted by Prosper Insights & Analytics. The amount is about $25 per person more than last year’s figure and $16 higher than the previous record set... Read More
NRF: Census retail sales data shows retail sales grew in September   Market research 

NRF: Census retail sales data shows retail sales grew in September  

GaryPageau ,
Data released today by the U.S. Census Bureau shows retail sales increased again in September as employment grew and inflation and interest rates fell, National Retail Federation Chief Economist Jack Kleinhenz said. “While there have been some signs of tightening in consumer spending, September’s numbers show consumers are willing to spend where they see value,” Kleinhenz said. “September sales come... Read More
NRF expects steady sales growth for 2024 holiday season News 

NRF expects steady sales growth for 2024 holiday season

GaryPageau
The National Retail Federation (NRF) forecast winter holiday spending is expected to grow between 2.5% and 3.5% over 2023. That equates to between $979.5 billion and $989 billion in total holiday spending in November and December, compared with $955.6 billion during the same timeframe last year.  “The economy remains fundamentally healthy and continues to maintain its momentum heading into the... Read More
NRF: Nearly half of Halloween shoppers to start purchasing items before October  Market research 

NRF: Nearly half of Halloween shoppers to start purchasing items before October 

GaryPageau , ,
Early Halloween shopping is on the rise, with 47% of survey participants beginning their shopping before October, according to the National Retail Federation’s annual survey conducted by Prosper Insights & Analytics. The figure is up from 37% five years ago and compares with just 32% in 2014. Total Halloween spending is expected to reach $11.6 billion after last year’s record-setting... Read More
NRF: Census retail sales data shows households ‘have the underpinnings to spend’ Market research News 

NRF: Census retail sales data shows households ‘have the underpinnings to spend’

GaryPageau
Data released today by the U.S. Census Bureau shows retail sales continued to grow in August, fueled by rising wages amid falling inflation, said Jack Kleinhenz, chief economist, National Retail Federation (NRF). “These numbers show the continued resiliency of the American consumer,” Kleinhenz said. “While sales growth decelerated from last month’s pace, there is little hint of consumer spending unraveling.... Read More
CNBC/NRF Retail Monitor: Retail sales grew again in August as inflation eased Market research News 

CNBC/NRF Retail Monitor: Retail sales grew again in August as inflation eased

GaryPageau ,
Retail sales increased again in August as consumer demand and easing inflation overcame slower job growth, according to the CNBC/NRF Retail Monitor, powered by Affinity Solutions. “Retail sales data shows that consumers continued to spend on household priorities in August,” said Matthew Shay, President and CEO. “This is despite a slowing labor market that is expected to prompt the Fed... Read More
NRF: Economy ‘on the cusp’ of a soft landing with recession unlikely   Market research 

NRF: Economy ‘on the cusp’ of a soft landing with recession unlikely  

GaryPageau
With the economy slowing but still growing and inflation down as the Federal Reserve prepares to lower interest rates, the United States appears to have dodged a recession, said Jack Kleinhenz, chief economist, National Retail Federation (NRF). “The U.S. economy is clearly not in a recession nor is it likely to head into a recession in the home stretch of... Read More
NRF: Economy still growing, but could be slowing enough for Fed to lower interest rates Market research 

NRF: Economy still growing, but could be slowing enough for Fed to lower interest rates

GaryPageau
Key elements of the economy are still growing but appear to have slowed enough to be on track for the Federal Reserve to lower interest rates later this year, National Retail Federation Chief Economist Jack Kleinhenz said today. “The consumer environment has kept the expansion on a positive path toward a ‘soft landing’ despite high interest rates,” Kleinhenz said. “Meanwhile,... Read More