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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
NRF chief economist says pandemic recession could be easing but ‘no one has a crystal ball’ Market research News 

NRF chief economist says pandemic recession could be easing but ‘no one has a crystal ball’

The economic downturn brought on by the coronavirus pandemic was officially declared a recession, but National Retail Federation Chief Economist Jack Kleinhenz said the key question is how long it will last. “Will this recession be briefer than earlier recessions?” Kleinhenz said. “No one has a crystal ball. And just as it can take months to be certain a recession... Read More
NRF Chief Economist says ‘Uncertainty Abounds’ in predicting recovery from Coronavirus pandemic News 

NRF Chief Economist says ‘Uncertainty Abounds’ in predicting recovery from Coronavirus pandemic

While the reopening of businesses shut down by the coronavirus pandemic is a significant step forward, it is too soon to say how quickly or smoothly the nation’s economy will recover, said Jack Kleinhenz, chief economist, National Retail Federation. “Is it possible the worst of the coronavirus pandemic is behind us? Maybe, but we are not out of the woods... Read More
March retail sales plummet during Coronavirus pandemic Market research News 

March retail sales plummet during Coronavirus pandemic

Retail sales saw their biggest monthly drop on record during March as the coronavirus pandemic forced restaurants, bars and many stores to temporarily close across the nation and stay-at-home orders also impacted gasoline sales, reported the National Retail Federation. But sales soared at grocery stores and were up at other retailers deemed “essential” as well, offsetting some of the decline. “COVID-19... Read More
NRF: COVID-19 impact on imports expected to be larger and last longer than previously expected   News 

NRF: COVID-19 impact on imports expected to be larger and last longer than previously expected  

The coronavirus outbreak is expected to have a longer and larger impact on imports at major U.S. retail container ports than previously believed as factory shutdowns and travel restrictions in China continue to affect production, according to the Global Port Tracker report released today by the National Retail Federation and Hackett Associates. “There are still a lot of unknowns to... Read More