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

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

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

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

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

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

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
NRF says 2020 holiday sales grew 8.3 percent despite pandemic News 

NRF says 2020 holiday sales grew 8.3 percent despite pandemic

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
NRF: November retail sales give holiday season solid start Market research News 

NRF: November retail sales give holiday season solid start

November retail sales dipped from the month before but still showed the sixth consecutive monthly year-over-year gain by government calculations and set the stage for a healthy holiday shopping season compared with last year despite the pandemic, the National Retail Federation (NRF) reported. “Consumers held back on spending in November as virus rates spiked, states imposed retail restrictions and congressional stimulus... Read More
NRF expects holiday sales will grow between 3.6 and 5.2 percent   News 

NRF expects holiday sales will grow between 3.6 and 5.2 percent  

With retail sales rebounding strongly due to continued consumer resilience, the National Retail Federation (NRF)  forecast holiday sales during November and December will increase between 3.6 percent and 5.2 percent over 2019 to a total between $755.3 billion and $766.7 billion. The numbers, which exclude automobile dealers, gasoline stations and restaurants, compared with a 4 percent increase to $729.1 billion... Read More
NRF: October retail sales grew as consumers started holiday shopping early   Market research Marketing 

NRF: October retail sales grew as consumers started holiday shopping early  

Retail sales grew for the sixth month in a row in October, with sales significantly better than the same time a year ago as the economy continued to recover and consumers began their holiday shopping early, reported the National Retail Federation (NRF). “We are encouraged by another positive retail sales number for October — the sixth consecutive positive monthly gain... Read More
NRF says U.S. consumers are embracing early holiday shopping News 

NRF says U.S. consumers are embracing early holiday shopping

More than 40 percent of holiday shoppers say they started earlier than they normally do, according to the annual survey released today by the National Retail Federation (NRF) and Prosper Insights & Analytics. “Retailers have demonstrated their commitment and ability to ensure safe shopping environments for their customers and their associates,” said Matthew Shay, CEO and president, NRF. “With consumers... Read More
NRF chief economist says strong retail sales growth ‘points to the resiliency of consumers’ Marketing 

NRF chief economist says strong retail sales growth ‘points to the resiliency of consumers’

Retail sales have largely recovered from the pandemic heading into the holiday season but the growing number of coronavirus cases remains a threat and additional federal stimulus could help keep the economy on track, said Jack Kleinhenz, chief economist, National Retail Federation. “Strong growth in retail sales during the last few months points to the resiliency of consumers even in... Read More
NRF: Consumers prioritize spending on family, friends ahead of holiday season Marketing 

NRF: Consumers prioritize spending on family, friends ahead of holiday season

In total consumers plan to spend $997.79 on gifts, holiday items such as decorations and food, and additional “non-gift” purchases for themselves and their families, according to the annual survey released today by the National Retail Federation and Prosper Insights & Analytics. “Consumers have demonstrated their resilience and adaptability throughout these extraordinary times,” said NRF President and CEO Matthew Shay.... Read More
NRF: Retail sales growth speed up in September Marketing 

NRF: Retail sales growth speed up in September

A strong rebound in apparel led a continuing V-shaped recovery from the pandemic as retail sales accelerated their rate of growth in September and marked the fourth straight month of year-over-year gains, according to the National Retail Federation (NRF). “Retail sales showed impressive gains in September,” said Mark Shay, president and CEO, NRF. “Consumers continue to prove their resilience and... Read More
NRF Chief Economist ‘cautiously optimistic’ about holiday sales Market research 

NRF Chief Economist ‘cautiously optimistic’ about holiday sales

Consumer spending has recovered from the coronavirus pandemic more quickly than expected, but forecasting 2020 holiday sales is like assembling a jigsaw puzzle without all the pieces, according to Jack Kleinhenz, chief economist, National Retail Federation (NRF). “Completing a puzzle is highly probable given patience, having all the pieces and having the picture on the box to guide assembly,” Kleinhenz... Read More
NRF: August retail sales grow as pandemic recovery continues   Market research 

NRF: August retail sales grow as pandemic recovery continues  

Retail sales continued to recover from the coronavirus pandemic in August, showing a gradual improvement from July and larger gains year-over-year, according to the National Retail Federation (NRF). “While August retail sales numbers were a bit mixed, we believe the consumer is resilient and is in good shape as we head into the holiday season,” NRF President and CEO Matthew... Read More
July retail sales continue recover: NRF News 

July retail sales continue recover: NRF

Retail sales continued to recover from the impact of the coronavirus pandemic in July, growing more slowly than the month before but adding to the strong turnaround seen since this spring’s declines, said the National Retail Federation. “Retail sales for July were another positive step in the right direction as our economy continues to slowly reopen,” said Matthew Shay, CEO... Read More
June retail sales increase but recovery remains uncertain amid Coronavirus resurgence Marketing 

June retail sales increase but recovery remains uncertain amid Coronavirus resurgence

Retail sales rose in June, seeing both a monthly increase and their first year-over-year gain since the beginning of the year as more retailers and other businesses closed by the coronavirus pandemic reopened, but continued COVID-19 outbreaks remain a threat, the National Retail Federation said today. “The retail sales numbers from last month were very encouraging and reflect continued progress... Read More