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NRF Chief Economist ‘cautiously optimistic’ about holiday sales Market research 

NRF Chief Economist ‘cautiously optimistic’ about holiday sales

GaryPageau ,
Consumer spending has recovered from the coronavirus pandemic more quickly than expected, but forecasting 2020 holiday sales is like assembling a jigsaw puzzle without all the pieces, according to Jack Kleinhenz, chief economist, National Retail Federation (NRF). “Completing a puzzle is highly probable given patience, having all the pieces and having the picture on the box to guide assembly,” Kleinhenz... Read More
NRF: August retail sales grow as pandemic recovery continues   Market research 

NRF: August retail sales grow as pandemic recovery continues  

GaryPageau
Retail sales continued to recover from the coronavirus pandemic in August, showing a gradual improvement from July and larger gains year-over-year, according to the National Retail Federation (NRF). “While August retail sales numbers were a bit mixed, we believe the consumer is resilient and is in good shape as we head into the holiday season,” NRF President and CEO Matthew... Read More
July retail sales continue recover: NRF News 

July retail sales continue recover: NRF

GaryPageau
Retail sales continued to recover from the impact of the coronavirus pandemic in July, growing more slowly than the month before but adding to the strong turnaround seen since this spring’s declines, said the National Retail Federation. “Retail sales for July were another positive step in the right direction as our economy continues to slowly reopen,” said Matthew Shay, CEO... Read More
June retail sales increase but recovery remains uncertain amid Coronavirus resurgence Marketing 

June retail sales increase but recovery remains uncertain amid Coronavirus resurgence

GaryPageau ,
Retail sales rose in June, seeing both a monthly increase and their first year-over-year gain since the beginning of the year as more retailers and other businesses closed by the coronavirus pandemic reopened, but continued COVID-19 outbreaks remain a threat, the National Retail Federation said today. “The retail sales numbers from last month were very encouraging and reflect continued progress... Read More
NRF chief economist says pandemic recession could be easing but ‘no one has a crystal ball’ Market research News 

NRF chief economist says pandemic recession could be easing but ‘no one has a crystal ball’

GaryPageau
The economic downturn brought on by the coronavirus pandemic was officially declared a recession, but National Retail Federation Chief Economist Jack Kleinhenz said the key question is how long it will last. “Will this recession be briefer than earlier recessions?” Kleinhenz said. “No one has a crystal ball. And just as it can take months to be certain a recession... Read More
NRF Chief Economist says ‘Uncertainty Abounds’ in predicting recovery from Coronavirus pandemic News 

NRF Chief Economist says ‘Uncertainty Abounds’ in predicting recovery from Coronavirus pandemic

GaryPageau
While the reopening of businesses shut down by the coronavirus pandemic is a significant step forward, it is too soon to say how quickly or smoothly the nation’s economy will recover, said Jack Kleinhenz, chief economist, National Retail Federation. “Is it possible the worst of the coronavirus pandemic is behind us? Maybe, but we are not out of the woods... Read More
March retail sales plummet during Coronavirus pandemic Market research News 

March retail sales plummet during Coronavirus pandemic

GaryPageau
Retail sales saw their biggest monthly drop on record during March as the coronavirus pandemic forced restaurants, bars and many stores to temporarily close across the nation and stay-at-home orders also impacted gasoline sales, reported the National Retail Federation. But sales soared at grocery stores and were up at other retailers deemed “essential” as well, offsetting some of the decline. “COVID-19... Read More
NRF: COVID-19 impact on imports expected to be larger and last longer than previously expected   News 

NRF: COVID-19 impact on imports expected to be larger and last longer than previously expected  

GaryPageau ,
The coronavirus outbreak is expected to have a longer and larger impact on imports at major U.S. retail container ports than previously believed as factory shutdowns and travel restrictions in China continue to affect production, according to the Global Port Tracker report released today by the National Retail Federation and Hackett Associates. “There are still a lot of unknowns to... Read More
NRF predicts 2020 retail sales to increase 3.5-4.1 percent News 

NRF predicts 2020 retail sales to increase 3.5-4.1 percent

GaryPageau
The National Retail Federation forecast retail sales during 2020 will increase between 3.5 percent and 4.1 percent to more than $3.9 trillion despite uncertainty from the lingering trade war, coronavirus, and the presidential election. “The nation’s record-long economic expansion is continuing, and consumers remain the drivers of that expansion,” said Matthew Shay, NRF president and CEO. “With gains in household... Read More
NRF: January retail sales grew 2.7 percent over last year Market research Press releases 

NRF: January retail sales grew 2.7 percent over last year

GaryPageau
Retail sales in January increased 0.2 percent seasonally adjusted over December and were up 2.7 percent unadjusted year-over-year, the National Retail Federation said today. The numbers exclude automobile dealers, gasoline stations and restaurants. “The strength of consumer spending continues to be the anchor of the current economic expansion,” NRF Chief Economist Jack Kleinhenz said. “January’s retail sales results reflect a... Read More
NRF says 2019 holiday sales were up 4.1 percent Market research News Press releases 

NRF says 2019 holiday sales were up 4.1 percent

GaryPageau
Holiday retail sales during 2019 grew 4.1 percent over the same period in 2018 to $730.2 billion, the National Retail Federation said today. The numbers exclude automobile dealers, gasoline stations and restaurants. Online and other non-store sales were up 14.6 percent over the year before at $167.8 billion and are included in the total. “Having spent the last week with... Read More
Nearly 148 million Americans plan to shop super Saturday Market research Press releases 

Nearly 148 million Americans plan to shop super Saturday

GaryPageau ,
Super Saturday continues to be the biggest shopping day of the year with an estimated 147.8 million U.S. consumers expected to participate, up from 134.3 million last year, according to the annual survey released today by the National Retail Federation and Prosper Insights & Analytics. “While many people started holiday shopping early, those who waited until Thanksgiving weekend are feeling... Read More
November retail sales kick off holiday season with 2.1 percent growth over last year: NRF Market research 

November retail sales kick off holiday season with 2.1 percent growth over last year: NRF

GaryPageau
Retail sales in November increased 0.1 percent seasonally adjusted over October and were up 2.1 percent unadjusted year-over-year, marking the first half of the holiday season with billions of dollars in shopping left to be done, the National Retail Federation said today. The numbers exclude automobile dealers, gasoline stations and restaurants. “November showed modest growth on the surface, but you... Read More
NRF: Half of holiday shoppers have already started   Marketing Press releases 

NRF: Half of holiday shoppers have already started  

GaryPageau
More than half of consumers have already started their holiday shopping and nearly a quarter of purchases have already been made, according to the annual survey released today by the National Retail Federation and Prosper Insights & Analytics. “This is further evidence that the holiday season has grown far beyond the period between Thanksgiving and Christmas,” NRF President and CEO... Read More