Tag: NRF – The Dead Pixels Society

NRF says July retail sales hampered by tight supply chain

August 17, 2021August 17, 2021 GaryPageau NRF, retail sales

Retail sales slowed during July as retailers continued to face supply chain disruptions and increased COVID-19 vaccinations allowed consumers to shift some spending from goods to activities like going out to dinner and traveling despite the delta variant, according to the National Retail Federation (NRF). “July retail sales showed slight deceleration in spending, but nothing to derail our outlook for... Read More

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June retail sales increase as recovery continues, says NRF

July 18, 2021July 30, 2021 GaryPageau NRF

Retail sales saw solid growth during June, increasing in most categories on a monthly basis and across the board on a yearly basis as the recovery from the coronavirus pandemic continued, according to the National Retail Federation (NRF). “Continued growth in June retail sales shows enduring strength in the American consumer,” said Matthew Shay, NRF President and CEO. “Heading into... Read More

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NRF economist says recovery is a sure thing

July 1, 2021July 13, 2021 GaryPageau NRF

As retailers head into the second half of 2021, the “great uncertainty” that clouded the nation’s economic outlook earlier in the year has transformed into evidence of an unprecedented recovery from the COVID-19 pandemic, said Jack Kleinhenz, chief economist, National Retail Federation (NRF). “It has become clear the U.S. economy and retail sales are growing far faster and more steadily... Read More

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NRF: May retail sales reach near-record level despite monthly decline

June 15, 2021June 20, 2021 GaryPageau NRF

Retail sales remained at elevated levels in May despite month-to-month fluctuations that masked near-record performance, the National Retail Federation (NRF). “While May retail sales were down slightly, largely due to supply chain constraints, the more accurate indicator remains in the year-over-year data which, as the NRF calculates, showed growth of over 17 percent,” says Matthew Shay, NRF President and CEO.... Read More

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NRF: Father’s Day spending to hit $20.1 billion

May 29, 2021May 31, 2021 GaryPageau Father's Day, NRF

U.S. consumers are expected to spend more than $20.1 billion on gifts and other items for Father’s Day this year, a record high, according to the National Retail Federation (NRF) annual survey conducted by Prosper Insight & Analytics. Total spending for the holiday will surpass last year’s record figure of $17 billion. The survey of 7,971 consumers was conducted May... Read More

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NRF: April retail sales hold mostly steady from March

May 14, 2021May 14, 2021 GaryPageau NRF, retail sales

Retail sales were virtually unchanged from their strong performance a month before and grew dramatically year-over-year in April as the rapidly recovering U.S. economy marked a full year since the coronavirus pandemic shut down most stores during the spring of 2020, according to the National Retail Federation (NRF). “In March, we saw a surge in spending as stimulus checks came... Read More

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NRF: 2021 economy could see fastest growth since the 1980s

May 3, 2021May 3, 2021 GaryPageau NRF

With more businesses reopening and bringing employees back to work, the U.S. economy is on firm footing and could see its fastest growth in more than three decades, according to National Retail Federation (NRF) Chief Economist Jack Kleinhenz. “While there is a great deal of uncertainty about how fast and far this economy will grow in 2021, surveys show an... Read More

Marketing

NRF: Mother’s Day spending to total $28.1 billion

April 21, 2021April 24, 2021 GaryPageau Mother's Day, NRF

Mother’s Day spending is expected to total a record $28.1 billion this year, up by $1.4 billion from 2020, according to the annual survey released by the National Retail Federation (NRF). Approximately 83 percent of U.S. adults are expected to celebrate the annual holiday. “There is a lot of consumer optimism around Mother’s Day this year as more people are... Read More

Market research News

NRF: Economy “has come a long way” in a year

April 5, 2021April 6, 2021 GaryPageau COVID-19, economy, NRF

With more vaccines in arms, federal stimulus putting money into pockets, and consumers shopping again, the U.S. economy has made dramatic progress since the coronavirus pandemic brought activity to a near-standstill this time last year, according to the National Retail Federation (NRF). “The economy has come a long way compared with a year ago,” said Jack Kleinhenz, chief economist, NRF.... Read More

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Vaccine, stimulus provides February retail boost, says NRF

March 16, 2021March 22, 2021 GaryPageau COVID-19, NRF

Retail sales gained considerable year-over-year traction in February – despite a monthly slowdown from unusually high numbers in January – as increased COVID-19 vaccination, government stimulus and reduced restrictions on businesses continued to impact the pace of spending, according to the National Retail Federation (NRF). “February’s retail sales numbers are a minor speed bump on the road to post-pandemic recovery... Read More

Marketing

NRF: 2021 could see record retail sales growth but economy still hinges on coronavirus

March 3, 2021March 5, 2021 GaryPageau NRF

A wide array of economic indicators point toward potentially record retail sales growth during 2021, but the coronavirus pandemic remains the biggest challenge for the year, according to the National Retail Federation (NRF). “There is no doubt the economy is positioned for growth in 2021, but how much growth comes down to a single non-economic force – the coronavirus,” said... Read More

Market research Marketing

NRF forecasts retail sales to exceed $4.33 trillion in 2021 as vaccine rollout expands

February 24, 2021February 24, 2021 GaryPageau NRF

The National Retail Federation issued its annual forecast, anticipating retail sales will grow between 6.5 percent and 8.2 percent to more than $4.33 trillion in 2021 as more individuals get vaccinated and the economy reopens. “Despite the continuing health and economic challenges COVID-19 presents, we are very optimistic that healthy consumer fundamentals, pent-up demand and widespread distribution of the vaccine... Read More

Market research

NRF: January retail sales are strong, due to stimulus funds and holiday sales momentum

February 20, 2021February 22, 2021 GaryPageau NRF

Retail sales grew sharply in January as government stimulus checks provided a boost and momentum from 2020’s record holiday season carried over into the new year, said the National Retail Federation (NRF). “January’s retail sales numbers reflect a very strong start for consumers and retailers as we look ahead to a critical year curbing the global pandemic and strengthening our... Read More

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NRF says 2020 Holiday Season was “one for the record books”

February 1, 2021February 2, 2021 GaryPageau COVID-19, holiday, NRF, shopping

Record holiday season retail sales during the last two months of 2020 reflected the recovering economy but also got a boost from consumer emotions after a stressful year, said Jack Kleinhenz, chief economist, National Retail Federation (NRF). “This was not a typical holiday season and it took place amid an unprecedented shopping landscape,” Kleinhenz said. “When we assembled our 2020... Read More

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NRF says 2020 holiday sales grew 8.3 percent despite pandemic

January 15, 2021January 15, 2021 GaryPageau NRF

Retail sales during 2020’s November-December holiday season grew an unexpectedly high 8.3 percent over the same period in 2019 to $789.4 billion, exceeding the National Retail Federation’s holiday forecast despite the economic challenges of the coronavirus pandemic, NRF said today. The numbers include online and other non-stores sales, which were up 23.9 percent at $209 billion. “Despite unprecedented challenges, consumers... Read More