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NRF: Consumers to spend record amount for Father’s Day Market research News 

NRF: Consumers to spend record amount for Father’s Day

GaryPageau ,
Consumers will collectively spend a record-high $22.9 billion to celebrate Father’s Day this year, according to the annual survey released by the National Retail Federation and Prosper Insights & Analytics. Total expected spending for the holiday is up from last year’s $20 billion and exceeds the previous record of $20.1 billion in 2021. “Father’s Day remains a momentous occasion for... Read More
NRF: Retail sales rose in April as consumers “remained engaged” Market research News 

NRF: Retail sales rose in April as consumers “remained engaged”

GaryPageau
Retail sales bounced back in April, showing both month-over-month and year-over-year growth, said the National Retail Federation said. “Retail sales rebounded in April, reflecting consumer resilience in the face of elevated economic uncertainty,” said Matthew Shay, CEO and president, NRF. “Moderating price levels, continued labor market strength and wage gains have increased consumers’ ability to spend. However, they remain cautious... Read More
NRF: First quarter showed challenges of bringing inflation under control Market research News 

NRF: First quarter showed challenges of bringing inflation under control

GaryPageau
Slower-but-continued growth in gross domestic product and other economic indicators during the first quarter showed the difficulty of bringing inflation under control, National Retail Federation Chief Economist Jack Kleinhenz said in the May issue of NRF’s Monthly Economic Review. “The World Health Organization says the pandemic is over, and the U.S. government has ended its declaration of a public health... Read More
NRF: Consumers to spend record $35.7 billion for Mother’s Day Market research 

NRF: Consumers to spend record $35.7 billion for Mother’s Day

GaryPageau ,
Consumers plan to spend a total of $35.7 billion on Mother’s Day this year, nearly $4 billion more than last year’s record high of $31.7 billion, according to the annual survey released today by the National Retail Federation and Prosper Insights & Analytics. Eighty-four percent of U.S. adults are expected to celebrate the holiday. “Mother’s Day provides Americans with an... Read More
NRF: Retail Sales ‘Moderated’ in March But Still Sees ‘Positive Growth’ for 2023 Market research 

NRF: Retail Sales ‘Moderated’ in March But Still Sees ‘Positive Growth’ for 2023

GaryPageau
Retail sales slowed in March, but spending was still higher than at the same time last year, said the National Retail Federation. “Retail sales moderated in March after posting strong gains in the first two months of the year,” said Matthew Shay, NRF President and CEO. “Continued easing of inflation and the overall strength of the job market and wages... Read More
NRF: Full effect of Federal Reserve’s monetary tightening has not shown up News 

NRF: Full effect of Federal Reserve’s monetary tightening has not shown up

GaryPageau
National Retail Federation (NRF) Chief Economist Jack Kleinhenz said NRF’s 2023 retail sales forecast was one of the most difficult he has ever prepared. “The broad economic environment in the United States today is anything but normal,” Kleinhenz said, noting that unemployment is near historic lows and consumers have excess savings even though interest rates are increasing rapidly and both the... Read More
NRF forecasts 2023 retail sales to grow between 4% and 6% Market research 

NRF forecasts 2023 retail sales to grow between 4% and 6%

GaryPageau
The National Retail Federation (NRF) issued its annual forecast, anticipating that retail sales will grow between 4% and 6% in 2023. In total, NRF projects that retail sales will reach between $5.13 trillion and $5.23 trillion this year. “In just the last three years, the retail industry has experienced growth that would normally take almost a decade by pre-pandemic standards,”... Read More
NRF: Easter spending expected to reach record $24 billion News 

NRF: Easter spending expected to reach record $24 billion

GaryPageau , ,
Consumers plan to spend a collective $24 billion on Easter this year, up from $20.8 billion in 2022 and the previous record high of $21.7 billion in 2020, according to the annual survey released today by the National Retail Federation and Prosper Insights & Analytics. Eighty-one percent of Americans will celebrate the holiday and spend an average of $192.01, the... Read More
NRF: Core retail sales grew in February amid strong labor market Market research 

NRF: Core retail sales grew in February amid strong labor market

GaryPageau
Overall retail sales dipped slightly in February, but core spending rose, the National Retail Federation said today. “February’s retail sales growth is not surprising given the strong growth we saw last month, continuing to reflect consumers’ ability and willingness to spend thoughtfully on household priorities,” said Matthew Shay, CEO and president, NRF. “While recent volatility in banking and financial markets... Read More
NRF: 2022 holiday sales grew 5.3% to $936.3 billion Market research News 

NRF: 2022 holiday sales grew 5.3% to $936.3 billion

GaryPageau
Retail sales during 2022’s November-December holiday season grew 5.3% over 2021 to $936.3 billion, falling short of the National Retail Federation’s forecast amid continuing inflation and high interest rates, NRF said today. While holiday growth was less than expected, sales for the year grew 7% over 2021 to $4.9 trillion, meeting NRF’s forecast of between 6% and 8% growth for... Read More
NRF: First half of holiday season shows strong year-over-year results News 

NRF: First half of holiday season shows strong year-over-year results

GaryPageau
November retail sales dipped from a surge of early holiday shopping the month before but still saw solid year-over-year growth that marked a strong start to the holiday season, said the National Retail Federation (NRF). “Consumers continued to spend on household priorities and holiday gifts for loved ones this November despite continued inflation and rising interest rates,” said Matthew Shay,... Read More
NRF: 2022 retail returns rate remains flat at $816 billion Market research 

NRF: 2022 retail returns rate remains flat at $816 billion

GaryPageau ,
Consumers are expected to return more than $816 billion worth of retail merchandise purchased in 2022, according to a report released today by the National Retail Federation and Appriss Retail. As retail sales continue to grow, the average rate of return has remained flat at 16.5% compared with 16.6% in 2021. “Even with 29 continuous months of retail sales growth,... Read More
NRF: Record 158 million shoppers expected during Super Saturday   News 

NRF: Record 158 million shoppers expected during Super Saturday  

GaryPageau ,
More than 158 million consumers are expected to shop on the last Saturday before Christmas this year, according to the annual consumer survey released today by the National Retail Federation (NRF) and Prosper Insights & Analytics. This figure is approximately 10 million more than last year’s expected number of Super Saturday shoppers and the highest number since NRF first started... Read More
NRF: Record 196.7 million consumers shop over Thanksgiving holiday weekend   Market research 

NRF: Record 196.7 million consumers shop over Thanksgiving holiday weekend  

GaryPageau ,
A record 196.7 million Americans shopped in stores and online during the five-day holiday shopping period from Thanksgiving Day through Cyber Monday, according to the annual survey released today by the National Retail Federation and Prosper Insights & Analytics. The total number of shoppers grew by nearly 17 million from 2021 and is the highest figure since NRF first started... Read More