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NRF: Census retail sales data shows consumers are ‘Aapprehensive’ Despite ‘Healthy’ Economic Fundamentals Market research News 

NRF: Census retail sales data shows consumers are ‘Aapprehensive’ Despite ‘Healthy’ Economic Fundamentals

GaryPageau 0 comment
Data released today by the U.S. Census Bureau showed modest month-over-month retail sales growth in February amid consumer worries over inflation and Washington policy decisions, National Retail Federation Chief Economist Jack Kleinhenz said. “Lower-than-expected consumer spending in the first couple of months of the year likely reflected payback for very strong spending in the fourth quarter and weather-related events since... Read More
NRF Chief Economist says data ‘remains strong’ but public policy uncertainties ‘blur the rconomic outlook’ for 2025   Market research 

NRF Chief Economist says data ‘remains strong’ but public policy uncertainties ‘blur the rconomic outlook’ for 2025  

GaryPageau
Strong economic performance seen in 2024 is expected to carry over and influence growth this year, but there is a wide range of uncertainty as the White House and Congress make decisions that will impact the economy, said Jack Kleinhenz, chief economist, National Retail Federation (NRF). “While the U.S. economy has entered 2025 with a fair amount of momentum, the... Read More
NRF: Census data shows slower retail sales in January, but economy still expands Market research 

NRF: Census data shows slower retail sales in January, but economy still expands

GaryPageau ,
Data released by the U.S. Census Bureau shows retail sales slowed in January following a strong holiday season but still rose year over year, said Jack Kleinhenz, chief economist, the National Retail Federation (NRF). “It’s reasonable to expect some slowdown from the vigorous 2024 holiday season, so January’s numbers are not a surprise and don’t contradict the consumer spending trends... Read More
NRF: Holiday season was a notable success as ‘consumers came out to spend’ Market research 

NRF: Holiday season was a notable success as ‘consumers came out to spend’

GaryPageau
Data released today by the U.S. Census Bureau shows core retail sales during the 2024 holiday season grew an unexpectedly high 4% over 2023 to a record $994.1 billion, coming in ahead of the National Retail Federation’s forecast, NRF said. Sales for the full year grew 3.6% over 2023 to a record $5.28 trillion. “Consumers came out to spend this... Read More
NRF: Chief economist says 2024 “ended on a high note” Market research 

NRF: Chief economist says 2024 “ended on a high note”

GaryPageau
Economic growth withstood inflation, high interest rates, and other challenges in 2024 and should continue to show strength in 2025, said National Retail Federation Chief Economist Jack Kleinhenz. “The U.S. economy ended 2024 on a high note and the outlook looks promising for 2025,” Kleinhenz said. “Recent performance shows the economy is on solid footing and has been growing at... Read More
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
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 ,
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