In the 2021 November/December, holiday season retail sales grew 14.1% from those in 2020 to $886.7 billion, the National Retail Federation announced, beating its own forecast and setting a new record despite challenges from inflation, supply chain disruptions and the...
Despite headwinds including supply chain challenges, labor shortages and inflation, National Retail Federation president Matthew Shay said in a press event introducing the NRF holiday forecast that “very, very strong” momentum based on consumer spending has the...
The National Retail Federation announced a revised annual forecast for 2021, anticipating that retail sales will now grow between 10.5% and 13.5% to more than $4.44 trillion this year as the economy accelerates its pace of recovery. The organization made the...
