After a surge of early holiday shopping during a promotion-filled October, November retail sales slipped month over month but still saw solid year-over-year gains, the National Retail Federation announced. NRF’s calculation of retail sales, based on United States...
Despite strong consumer spending, gross domestic product is unlikely to grow as much in the final months of 2022 as it did in the third quarter, National Retail Federation Chief Economist Jack Kleinhenz stated as part of NRF’s Monthly Economic Review, but he also...
The National Retail Federation forecasts 166.3 million people are planning to shop from Thanksgiving Day through Cyber Monday this year, up eight million from the 2021 period. The robust holiday weekend forecast was issued as NRF reported retail sales gains...
Even with recent inflationary challenges, the National Retail Federation has forecast that holiday retail sales during November and December will grow between 6% and 8% over 2021 to between $942.6 billion and $960.4 billion. Last year’s holiday sales grew 13.5% versus...
Retail sales remained strong with another year-over-year gain in September despite an interest rate hike from the Federal Reserve and ongoing inflation, the National Retail Federation stated, with core sales better versus August. The United States Census Bureau...
