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NRF: Holiday spending reflects continued consumer demand, still will be down from 2019 Market research News 

NRF: Holiday spending reflects continued consumer demand, still will be down from 2019

GaryPageau
Consumers plan to spend $997.73 on gifts, holiday items, and other non-gift purchases for themselves and their families this year, according to the annual survey released by the National Retail Federation (NRF) and Prosper Insights & Analytics. Despite the continued supply chain disruption, this is on par with consumer spending last year. “Every year retailers plan their seasonal inventory, staffing... Read More
NRF: September retail sales grew Market research 

NRF: September retail sales grew

GaryPageau
Retail sales increased again in September as worries about the COVID-19 delta variant pushed consumer spending toward merchandise rather than services like dining, entertainment or travel despite supply chain disruptions and inflation, according to the National Retail Federation (NRF). “Today’s retail sales data confirms the sheer power of the consumer to spend, and we expect this to continue,” said Matthew... Read More
NRF : “Watch what consumers do, not what they say’ as recovery continues News 

NRF : “Watch what consumers do, not what they say’ as recovery continues

GaryPageau ,
Despite falling consumer confidence numbers amid the recent rise in COVID-19 infections, shoppers are continuing to spend, according to National Retail Federation Chief Economist Jack Kleinhenz in a press release. “With consumer spending accounting for roughly two-thirds of U.S. gross domestic product, all eyes are closely watching shoppers’ ability to drive the economy,” Kleinhenz said. “If consumer finances are any indication,... Read More
NRF: Halloween spending to reach all-time high of $10.14 billion this year Marketing 

NRF: Halloween spending to reach all-time high of $10.14 billion this year

GaryPageau
Consumer spending on Halloween-related items is expected to reach an all-time high of $10.14 billion, up from $8.05 billion in 2020, according to the National Retail Federation’s (NRF) annual survey conducted by Prosper Insights & Analytics. Plans to celebrate Halloween are up this year compared with last and are close to pre-pandemic levels. “Americans plan to spend more than ever... Read More
NRF: August retail sales rise despite ‘Trifecta of Macroeconomic Headwinds’ Market research News 

NRF: August retail sales rise despite ‘Trifecta of Macroeconomic Headwinds’

GaryPageau ,
The National Retail Federation (NRF) said retail sales increased during August as consumer demand outweighed the pandemic, supply chain disruptions and other factors affecting spending. “The increase in August retail sales reflects the continued strength of the American consumer and the resilience of our nation’s retailers,” said Matthew Shay, NRF President and CEO. “In spite of the ongoing challenges of... Read More
NRF says July retail sales hampered by tight supply chain Market research News 

NRF says July retail sales hampered by tight supply chain

GaryPageau ,
Retail sales slowed during July as retailers continued to face supply chain disruptions and increased COVID-19 vaccinations allowed consumers to shift some spending from goods to activities like going out to dinner and traveling despite the delta variant, according to the National Retail Federation (NRF). “July retail sales showed slight deceleration in spending, but nothing to derail our outlook for... Read More
June retail sales increase as recovery continues, says NRF News 

June retail sales increase as recovery continues, says NRF

GaryPageau
Retail sales saw solid growth during June, increasing in most categories on a monthly basis and across the board on a yearly basis as the recovery from the coronavirus pandemic continued, according to the National Retail Federation (NRF). “Continued growth in June retail sales shows enduring strength in the American consumer,” said Matthew Shay, NRF President and CEO. “Heading into... Read More
NRF economist says recovery is a sure thing News 

NRF economist says recovery is a sure thing

GaryPageau
As retailers head into the second half of 2021, the “great uncertainty” that clouded the nation’s economic outlook earlier in the year has transformed into evidence of an unprecedented recovery from the COVID-19 pandemic, said Jack Kleinhenz, chief economist, National Retail Federation (NRF). “It has become clear the U.S. economy and retail sales are growing far faster and more steadily... Read More
NRF: May retail sales reach near-record level despite monthly decline Market research News 

NRF: May retail sales reach near-record level despite monthly decline

GaryPageau
Retail sales remained at elevated levels in May despite month-to-month fluctuations that masked near-record performance, the National Retail Federation  (NRF). “While May retail sales were down slightly, largely due to supply chain constraints, the more accurate indicator remains in the year-over-year data which, as the NRF calculates, showed growth of over 17 percent,” says  Matthew Shay, NRF President and CEO.... Read More
NRF: April retail sales hold mostly steady from March News 

NRF: April retail sales hold mostly steady from March

GaryPageau ,
Retail sales were virtually unchanged from their strong performance a month before and grew dramatically year-over-year in April as the rapidly recovering U.S. economy marked a full year since the coronavirus pandemic shut down most stores during the spring of 2020, according to the National Retail Federation (NRF). “In March, we saw a surge in spending as stimulus checks came... Read More
NRF: Mother’s Day spending to total $28.1 billion Marketing 

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

GaryPageau ,
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

GaryPageau , ,
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

GaryPageau ,
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