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NRF: Mother’s Day spending expected to reach $34.1 billion Market research 

NRF: Mother’s Day spending expected to reach $34.1 billion

GaryPageau , 0 comment
Consumer spending on Mother’s Day is expected to reach $34.1 billion this year, according to the annual survey released by the National Retail Federation and Prosper Insights & Analytics. The amount is up from last year’s $33.5 billion and follows closely behind the record of $35.7 billion in 2023. “Mother’s Day is an important holiday for many consumers, only surpassed by... Read More
NRF: Census data shows retail sales grew in March but consumers are ‘not feeling great’ as tariffs rise Market research News 

NRF: Census data shows retail sales grew in March but consumers are ‘not feeling great’ as tariffs rise

GaryPageau , ,
Data released today by the U.S. Census Bureau showed retail sales grew in March even though consumers continued to worry about the impact of rising tariffs, said Jack Kleinhenz, chief economist, National Retail Federation (NRF). “Retail sales strengthened in March, supported by continued solid growth in income, lower energy costs and bigger-than-usual tax refunds that all helped support household budgets,”... Read More
NRF: Cargo Levels to drop sharply amid new tariffs and uncertainty Market research News 

NRF: Cargo Levels to drop sharply amid new tariffs and uncertainty

GaryPageau
With sweeping tariffs now imposed on all U.S. trading partners, import cargo at the nation’s major container ports is expected to drop dramatically beginning next month, according to the Global Port Tracker report released by the National Retail Federation (NRF) and Hackett Associates. “Retailers have been bringing merchandise into the country for months in attempts to mitigate against rising tariffs,... Read More
CNBC/NRF Retail Monitor: March sales grew only moderately amid tariff concerns Market research News 

CNBC/NRF Retail Monitor: March sales grew only moderately amid tariff concerns

GaryPageau ,
Retail sales grew in March after two straight months of declines, but gains remained moderate as consumers continued to be concerned by rising tariffs, according to the CNBC/NRF Retail Monitor, powered by Affinity Solutions, released today by the National Retail Federation (NRF). “Retail sales increased in March but only moderately, and the spending came before the president’s ‘Liberation Day’ tariff... Read More
NRF: Consumers to spend $23.6 billion on Easter Market research 

NRF: Consumers to spend $23.6 billion on Easter

GaryPageau ,
Consumers plan to spend a total of $23.6 billion on Easter this year, according to the annual survey released today by the National Retail Federation (NRF) and Prosper Insights & Analytics. The amount is above last year’s $22.4 billion, approaching the record $24 billion spent in 2023. “As we witnessed throughout the pandemic, holidays such as Easter are especially meaningful... Read More
NRF: 2025 retail sales to hit $5.42 trillion, despite economic uncertainty Market research 

NRF: 2025 retail sales to hit $5.42 trillion, despite economic uncertainty

GaryPageau
The National Retail Federation (NRF)  forecast retail sales during 2025 will grow between 2.7% and 3.7% over 2024 to between $5.42 trillion and $5.48 trillion. The announcement was made during NRF’s fifth annual State of Retail & the Consumer virtual event on the health of American consumers and the retail industry. “Overall, the economy has shown continued momentum so far in... Read More
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
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