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CNBC/NRF Retail Monitor: Retail sales grew again in August as inflation eased Market research News 

CNBC/NRF Retail Monitor: Retail sales grew again in August as inflation eased

GaryPageau ,
Retail sales increased again in August as consumer demand and easing inflation overcame slower job growth, according to the CNBC/NRF Retail Monitor, powered by Affinity Solutions. “Retail sales data shows that consumers continued to spend on household priorities in August,” said Matthew Shay, President and CEO. “This is despite a slowing labor market that is expected to prompt the Fed... Read More
NRF: Economy ‘on the cusp’ of a soft landing with recession unlikely   Market research 

NRF: Economy ‘on the cusp’ of a soft landing with recession unlikely  

GaryPageau
With the economy slowing but still growing and inflation down as the Federal Reserve prepares to lower interest rates, the United States appears to have dodged a recession, said Jack Kleinhenz, chief economist, National Retail Federation (NRF). “The U.S. economy is clearly not in a recession nor is it likely to head into a recession in the home stretch of... Read More
NRF: Economy still growing, but could be slowing enough for Fed to lower interest rates Market research 

NRF: Economy still growing, but could be slowing enough for Fed to lower interest rates

GaryPageau
Key elements of the economy are still growing but appear to have slowed enough to be on track for the Federal Reserve to lower interest rates later this year, National Retail Federation Chief Economist Jack Kleinhenz said today. “The consumer environment has kept the expansion on a positive path toward a ‘soft landing’ despite high interest rates,” Kleinhenz said. “Meanwhile,... Read More
NRF: Census retail sales data for May shows a ‘Reasonably Healthy Consumer’   Market research 

NRF: Census retail sales data for May shows a ‘Reasonably Healthy Consumer’  

GaryPageau
Data released by the U.S. Census Bureau shows retail sales grew again in May and helped drive a still-expanding economy. “May’s retail sales give us a snapshot of a reasonably healthy consumer even though spending growth is fluctuating somewhat,” said Jack Kleinhenz, chief economist, NRF. “These numbers indicate that the economy continues to expand at a solid pace. Job gains... Read More
NRF: Census data shows retail sales moderated in April News 

NRF: Census data shows retail sales moderated in April

GaryPageau ,
Data released by the U.S. Census Bureau today shows retail sales moderated in April, National Retail Federation Chief Economist Jack Kleinhenz said. “Even though household income and job growth are compressing, the consumer spending picture remains positive,” Kleinhenz said. “The softer pace of spending is due in part to consumers being selective and prioritizing retail purchases. Yet, consumers remain willing... Read More
NRF: First quarter results show economy is slowing but ‘remains resilient’   Market research 

NRF: First quarter results show economy is slowing but ‘remains resilient’  

GaryPageau
Economic growth slowed during the first three months of the year, but consumers are still spending more than last year, said National Retail Federation Chief Economist Jack Kleinhenz. “The U.S. economy lost some spring in its step during the first quarter as the pace of growth declined, and the downshift came with an unexpected bout of inflation,” Kleinhenz said, noting... Read More
NRF: Consumers expected to spend near-record $33.5 billion on Mother’s Day Market research 

NRF: Consumers expected to spend near-record $33.5 billion on Mother’s Day

GaryPageau ,
Mother’s Day spending is expected to reach $33.5 billion this year, according to the annual consumer survey released today by the National Retail Federation and Prosper Insights & Analytics. The figure is the second highest in the history of the survey, following last year’s record $35.7 billion. “Mother’s Day is a time to celebrate the women who play a meaningful role in... Read More
NRF: Census data shows March retail sales grew News 

NRF: Census data shows March retail sales grew

GaryPageau ,
Data released by the U.S. Census Bureau shows retail sales continued to increase in March as tax refunds and job growth put more money in shoppers’ pockets, said Jack Kleinhenz, chief economist, National Retail Federation (NRF). “March’s Census Bureau numbers confirm that consumer spending remains steady, underscoring a resilient consumer despite inflationary pressure,” Kleinhenz said. “While sales were mixed, several... Read More
CNBC/NRF Retail Monitor: Retail sales grew in March amid wage gains, easing inflation Market research 

CNBC/NRF Retail Monitor: Retail sales grew in March amid wage gains, easing inflation

GaryPageau ,
Retail sales grew at a steady pace in March, according to the CNBC/NRF Retail Monitor, powered by Affinity Solutions, released today by the National Retail Federation (NRF). “As inflation for goods levels off, March’s data demonstrates steady spending by value-focused consumers who continue to benefit from a strong labor market and real wage gains,” said Matthew Shay, president and CEO,... Read More
NRF: Economy remains ‘sturdy’ despite forecast for slower growth Market research News 

NRF: Economy remains ‘sturdy’ despite forecast for slower growth

GaryPageau
Despite expectations for slower growth of both gross domestic product and retail sales, the economy should continue to do well for the remainder of this year, according to Jack Kleinhenz, chief economist, of the National Retail Federation (NRF). “No one can accurately forecast what surprises the next year might hold, but the foundation of the economy is relatively sturdy and... Read More
NRF: Retail sales to reach at least $5.23 trillion in 2024 News 

NRF: Retail sales to reach at least $5.23 trillion in 2024

GaryPageau
The National Retail Federation (NRF) forecast that retail sales will increase in 2024 between 2.5% and 3.5% to between $5.23 trillion and $5.28 trillion. The announcement was made during NRF’s fourth annual State of Retail & the Consumer virtual discussion on the health of American consumers and the retail industry. “The resiliency of consumers continues to power the American economy, and... Read More
Census data shows retail sales bounced back in February News 

Census data shows retail sales bounced back in February

GaryPageau ,
Data released by the U.S. Census Bureau shows retail sales expanded in February after a strong but flat January, said Jack Kleinhkenz, chief economist, National Retail Federation (NRF). “Retail sales rebounded in a solid fashion in February, showing the consumer is still spending and pointing to underlying strength in the economy,” Kleinhenz said. “These results indicate that the economy is... Read More
2024 Easter spending expected to top $22 billion Market research 

2024 Easter spending expected to top $22 billion

GaryPageau ,
Consumer spending is expected to reach a total of $22.4 billion this Easter, according to the annual survey released by the National Retail Federation and Prosper Insights & Analytics. The total figure is the second highest in the survey’s history, after last year’s record-setting $24 billion when the holiday fell nine days later in the year. “Each year, Americans look... Read More
NRF: Census retail sales data shows consumers ‘still engaged’ Market research News 

NRF: Census retail sales data shows consumers ‘still engaged’

GaryPageau
Data released by the U.S. Census Bureau shows retail sales cooled in January but that households continued to spend, National Retail Federation Chief Economist Jack Kleinhenz said. “Retail sales softened in January compared with the holiday season, but consumers were still engaged,” Kleinhenz said. “Extreme weather likely disrupted product demand and consumption patterns. January prices for goods came down, which affects sales... Read More