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NRF: Economy ‘being rebalanced’ but ‘extreme cooling off’ seems unlikely Market research 

NRF: Economy ‘being rebalanced’ but ‘extreme cooling off’ seems unlikely

GaryPageau
The Federal Reserve faces “a tricky job” in addressing inflation but continuing growth in employment, wages and consumer spending make it unlikely the effort will backfire into a major setback for the economy, said Jack Kleinhenz, chief economist, National Retail Federation. “With changes underway that focus on taming inflation without splintering the economy, the nation’s economic system is in the... Read More
NRF: April retail sales grew with consumers ‘taking higher prices in stride’ Market research 

NRF: April retail sales grew with consumers ‘taking higher prices in stride’

GaryPageau ,
Consumers accustomed to inflation continued to spend in April as retail sales overcame higher prices to show both monthly and year-over-year increases, the National Retail Federation (NRF) said today. “April retail sales demonstrate consumer strength and willingness to spend despite persistent inflation, supply chain constraints, market volatility and global unrest,” said Matthew Shay, president and CEO, NRF. “While consumers are... Read More
NRF says economy should continue ‘bustling forward’ Market research News 

NRF says economy should continue ‘bustling forward’

GaryPageau
The economy’s fast-paced growth could slow somewhat as the Federal Reserve tries to bring inflation under control in the next few months, but consumers are likely to keep on shopping as lower inflation eases uncertainty, said Jack Kleinhenz, chief economist, National Retail Federation. “The Fed’s tightening has kicked off a new cycle of adjustment and the outlook for interest rates... Read More
NRF: Mother’s Day spending to reach record high News 

NRF: Mother’s Day spending to reach record high

GaryPageau ,
Mother’s Day spending is expected to total $31.7 billion this year, up $3.6 billion from 2021’s record spending, according to the annual consumer survey released by the National Retail Federation and Prosper Insights & Analytics. Approximately 84 percent of U.S. adults are expected to celebrate Mother’s Day. “Consumers are eager to find memorable ways to honor their mothers and other... Read More
NRF: March retail sales grew despite higher inflation Market research 

NRF: March retail sales grew despite higher inflation

GaryPageau
Retail sales grew in March even as inflation edged higher, the National Retail Federation said today. “March retail sales show that consumers have maintained their ability to spend in the face of record-level inflation, supply chain issues and geopolitical unrest,” said Matthew Shay, NRF President and CEO. “Consumers are adapting and shopping smarter for themselves and their families. We believe... Read More
NRF economist says economy has ‘strong momentum’ despite challenges from inflation, Ukraine Market research 

NRF economist says economy has ‘strong momentum’ despite challenges from inflation, Ukraine

GaryPageau
Top challenges have shifted from COVID-19 to inflation and the war in Ukraine, but the U.S. economy will continue to face uncertainties in the year ahead, said Jack Kleinhenz, chief economist, National Retail Federation (NRF). “While the public health situation has greatly improved, the impact of the pandemic continues to spread,” Kleinhenz said. “That ripple has extended into 2022 and... Read More
NRF: More consumers hunting for bargains this Easter News 

NRF: More consumers hunting for bargains this Easter

GaryPageau
Consumers plan to spend an average $169.79 this year on Easter-related items, according to results of the annual survey released today by the National Retail Federation (NRF) and Prosper Insights & Analytics. A total of 80 percent of Americans will celebrate the holiday and spend a collective $20.8 billion, down slightly from last year’s forecast of $21.6 billion. “Consumers are... Read More
NRF: February retail sales rose year-over-year; annual 6-8 percent growth projected Marketing News 

NRF: February retail sales rose year-over-year; annual 6-8 percent growth projected

GaryPageau
Retail sales showed a strong year-over-year gain in February, but the monthly pace slowed compared with January as inflation drove up prices and lingering effects of the COVID-19 omicron variant affected the supply chain, according to the National Retail Federation (NRF). “Retail sales data continues to show impressive consumer resilience,” said Matthew Shay, NRF President and CEO. “Despite all that’s... Read More
NRF: January retail sales overcome Omicron, Inflation to show strong gains Market research News 

NRF: January retail sales overcome Omicron, Inflation to show strong gains

GaryPageau
Retail sales powered through COVID-19’s omicron variant, inflation and other challenges to post strong increases in January, said the National Retail Federation (INRF). “January’s numbers show that 2022 is starting very strong for consumers and retailers, especially on the heels of a record holiday season and record sales in 2021,” said Matthew Shay, NRF President and CEO. “While the year... Read More
NRF says growth likely to continue even as Fed works to slow inflation Market research 

NRF says growth likely to continue even as Fed works to slow inflation

GaryPageau
Coming up on two years since the short-lived 2020 recession, the United States appears to be at the midpoint of an economic cycle that should continue to see growth even as the Federal Reserve raises interest rates to bring inflation under control, said Jack Kleinhenz, chief economist, National Retail Federation. “The maturing economy remains in growth mode and there is... Read More
NRF: Retail returns increased to $761 billion in 2021 as a result of overall sales growth Market research News 

NRF: Retail returns increased to $761 billion in 2021 as a result of overall sales growth

GaryPageau
Retailers expect more than $761 billion in merchandise sold last year to be returned by consumers, according to a report released today by the National Retail Federation and Appriss Retail. This accounts for an average of 16.6 percent of total U.S. retail sales, which soared to $4.583 trillion in 2021. “As total retail sales continue to accelerate from sustained consumer... Read More
NRF: 2021 holiday sales grew 14.1 percent to record $886.7 billion News 

NRF: 2021 holiday sales grew 14.1 percent to record $886.7 billion

GaryPageau ,
Retail sales during 2021’s November-December holiday season grew 14.1 percent over 2020 to $886.7 billion, easily beating the National Retail Federation’s forecast and setting a new record despite challenges from inflation, supply chain disruptions and the ongoing pandemic, said the NRF. The number includes online and other non-store sales, which were up 11.3 percent at $218.9 billion. The numbers exclude... Read More
NRF says Omicron could contribute to uncertainty, inflation but shutdowns are unlikely Market research News 

NRF says Omicron could contribute to uncertainty, inflation but shutdowns are unlikely

GaryPageau ,
The COVID-19 omicron variant will bring uncertainty to the economy in 2022 and could contribute to inflation, but is unlikely to cause widespread shutdowns or slowdowns, said Jack Kleinhenz, chief economist, National Retail Federation (NRF). “Even with the experience of the past two years, there is no model that can predict how the economy responds to a pandemic,” Kleinhenz said.... Read More
NRF economist says holiday shopping could beat forecast News 

NRF economist says holiday shopping could beat forecast

GaryPageau
The 2021 holiday season appears to be on track to exceed the National Retail Federation’s forecast for record spending despite supply chain disruptions, inflation and challenges like the new COVID-19 omicron variant, NRF Chief Economist Jack Kleinhenz said. “Now that we’re in December, the holiday shopping season is nearing the finish line,” Kleinhenz said. “The question is how have factors... Read More
NRF: Nearly 180 million shop over Thanksgiving Holiday weekend Market research News 

NRF: Nearly 180 million shop over Thanksgiving Holiday weekend

GaryPageau
Nearly 180 million Americans shopped during the five-day holiday shopping period from Thanksgiving Day through Cyber Monday, according to the annual survey released by the National Retail Federation and Prosper Insights & Analytics. “Retailers have adapted and enticed customers with a number of incentives throughout November. The Thanksgiving holiday weekend remains a significant time for friends and families to check... Read More