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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
NRF predicts 2020 retail sales to increase 3.5-4.1 percent News 

NRF predicts 2020 retail sales to increase 3.5-4.1 percent

The National Retail Federation forecast retail sales during 2020 will increase between 3.5 percent and 4.1 percent to more than $3.9 trillion despite uncertainty from the lingering trade war, coronavirus, and the presidential election. “The nation’s record-long economic expansion is continuing, and consumers remain the drivers of that expansion,” said Matthew Shay, NRF president and CEO. “With gains in household... Read More
NRF: January retail sales grew 2.7 percent over last year Market research Press releases 

NRF: January retail sales grew 2.7 percent over last year

Retail sales in January increased 0.2 percent seasonally adjusted over December and were up 2.7 percent unadjusted year-over-year, the National Retail Federation said today. The numbers exclude automobile dealers, gasoline stations and restaurants. “The strength of consumer spending continues to be the anchor of the current economic expansion,” NRF Chief Economist Jack Kleinhenz said. “January’s retail sales results reflect a... Read More
NRF says 2019 holiday sales were up 4.1 percent Market research News Press releases 

NRF says 2019 holiday sales were up 4.1 percent

Holiday retail sales during 2019 grew 4.1 percent over the same period in 2018 to $730.2 billion, the National Retail Federation said today. The numbers exclude automobile dealers, gasoline stations and restaurants. Online and other non-store sales were up 14.6 percent over the year before at $167.8 billion and are included in the total. “Having spent the last week with... Read More
Nearly 148 million Americans plan to shop super Saturday Market research Press releases 

Nearly 148 million Americans plan to shop super Saturday

Super Saturday continues to be the biggest shopping day of the year with an estimated 147.8 million U.S. consumers expected to participate, up from 134.3 million last year, according to the annual survey released today by the National Retail Federation and Prosper Insights & Analytics. “While many people started holiday shopping early, those who waited until Thanksgiving weekend are feeling... Read More
November retail sales kick off holiday season with 2.1 percent growth over last year: NRF Market research 

November retail sales kick off holiday season with 2.1 percent growth over last year: NRF

Retail sales in November increased 0.1 percent seasonally adjusted over October and were up 2.1 percent unadjusted year-over-year, marking the first half of the holiday season with billions of dollars in shopping left to be done, the National Retail Federation said today. The numbers exclude automobile dealers, gasoline stations and restaurants. “November showed modest growth on the surface, but you... Read More
NRF: Half of holiday shoppers have already started   Marketing Press releases 

NRF: Half of holiday shoppers have already started  

More than half of consumers have already started their holiday shopping and nearly a quarter of purchases have already been made, according to the annual survey released today by the National Retail Federation and Prosper Insights & Analytics. “This is further evidence that the holiday season has grown far beyond the period between Thanksgiving and Christmas,” NRF President and CEO... Read More
More than 165 million people expected to shop over five-day Thanksgiving weekend   News 

More than 165 million people expected to shop over five-day Thanksgiving weekend  

WASHINGTON, November 15, 2019 – Retailers are preparing for one of the busiest shopping weekends of the year with an estimated 165.3 million people likely to shop Thanksgiving Day through Cyber Monday, according to the annual survey released today by the National Retail Federation and Prosper Insights & Analytics. “The tradition of Thanksgiving weekend holiday shopping has become a five-day... Read More
October retail sales grew 4.2 percent over last year   Market research 

October retail sales grew 4.2 percent over last year  

Retail sales in October increased 0.2 percent seasonally adjusted over September and were up 4.2 percent unadjusted year-over-year, the National Retail Federation said today. The numbers exclude automobile dealers, gasoline stations and restaurants. “Despite the gradual slowdown in the U.S. economy, consumers are in a good place and October’s retail sales are a step forward into the all-important holiday season,”... Read More
Holiday shoppers plan to spend 4 percent more this year  Market research News Press releases 

Holiday shoppers plan to spend 4 percent more this year 

WASHINGTON, October 24, 2019 – Consumers say they will spend an average of $1,047.83 this holiday season, up 4 percent from the $1,007.24 they said they would spend last year, according to the annual survey released today by the National Retail Federation and Prosper Insights & Analytics. Shoppers between the ages of 35 and 44 plan to spend the most... Read More
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