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NRF: Retail sales growing as holiday season begins Market research 

NRF: Retail sales growing as holiday season begins

GaryPageau
Retail sales grew again in October as consumers set aside concerns about inflation and many got a jump start on the holiday season, the National Retail Federation said today. “October retail sales data confirms that consumers continue to stretch their dollars on household priorities, including gifts for family and loved ones this holiday season,” said Matthew Shay, president and CEO,... Read More
NRF: Strong consumer fundamentals counter inflation, interest rates in holiday forecast Market research News 

NRF: Strong consumer fundamentals counter inflation, interest rates in holiday forecast

GaryPageau
The National Retail Federation INRF)  balanced high inflation and rising interest rates against strong consumer fundamentals as it developed its 2022 holiday spending forecast, said Jack Kleinhenz, NRF Chief Economist. “There are many factors impacting our holiday forecast, but business conditions are generally positive as consumer fundamentals continue to support economic activity,” Kleinhenz said. “Despite record levels of inflation, rising... Read More
NRF: Year-over-year retail sales growth continues Market research 

NRF: Year-over-year retail sales growth continues

GaryPageau
Retail sales remained strong on a monthly basis and saw another year-over-year gain in September despite an interest rate hike from the Federal Reserve and continuing inflation, the National Retail Federation (NRF) said. “September retail sales confirm that even with rising interest rates, persistent inflation, political uncertainty and volatile global markets, consumers are spending for household priorities,” said Matthew Shay,... Read More
NRF: Retailers are well stocked for holidays despite low import volume Market research 

NRF: Retailers are well stocked for holidays despite low import volume

GaryPageau ,
Imports at the nation’s major container ports are expected to fall to their lowest level in nearly two years by the end of 2022 even though retail sales continue to grow, according to the monthly Global Port Tracker report released by the National Retail Federation and Hackett Associates. “The holiday season has already started for some shoppers and, thanks to... Read More
NRF: Consumers still spending despite worries over inflation and interest rates Market research News 

NRF: Consumers still spending despite worries over inflation and interest rates

GaryPageau
Consumers remain worried about high inflation and Federal Reserve interest rate hikes intended to bring inflation under control, but neither has stopped them from spending, National Retail Federation (NRF) Chief Economist Jack Kleinhenz said today. “The economic situation in the United States is unsettling,” Kleinhenz said. “Consumer confidence is down, consumer spending’s rate of growth has slowed, and economists and consumers... Read More
NRF: July retail sales show consumers still shopping despite inflation Market research 

NRF: July retail sales show consumers still shopping despite inflation

GaryPageau
Core retail sales as calculated by the National Retail Federation rose in July even as overall sales reported by the Census Bureau remained flat on a monthly basis, and both calculations showed strong year-over-year gains as consumers kept shopping despite high inflation, NRF said today. “Retail sales grew in July, supported by declines in prices at the gas pump and... Read More
NRF: June retail sales increased despite rising inflation Market research News 

NRF: June retail sales increased despite rising inflation

GaryPageau
Retail sales increased in June even as inflation climbed higher and drove up prices across the board, said the National Retail Federation  (NRF). “June retail sales data shows that consumers remain on solid footing despite rising prices and an active Fed raising interest rates to combat it,” said Matthew Shay, president and CEO, NRF. “Inflation has consumers modifying their spending... Read More
NRF: Families prioritize back-to-school, college spending amidst rising inflation Market research 

NRF: Families prioritize back-to-school, college spending amidst rising inflation

GaryPageau
As inflation continues to rise, one-third of consumers (38%) said they are cutting back in other spending areas to cover the cost of items for the upcoming school year, according to the annual survey released by the National Retail Federation and Prosper Insights & Analytics. Families expect to spend more per person on both K-12 and college items this year... Read More
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