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

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

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

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

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
Vaccine, stimulus provides February retail boost, says NRF News 

Vaccine, stimulus provides February retail boost, says 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
NRF: 2021 could see record retail sales growth but economy still hinges on coronavirus Marketing 

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

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
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