February 1, 2022 by Chain Drug Review
Jack Kleinhenz, NRF
Business, Featured Articles, Leading Headlines, Retail News
WASHINGTON – National Retail Federation chief economist Jack Kleinhenz said Tuesday that the Federal Reserve’s efforts to curb inflation should not derail the U.S. economy’s continued growth. “There is plenty of room to raise rates without threatening the economy,” he said. Kleinhenz’s remarks came in the February issue of NRF’s Monthly Economic Review, which said
January 6, 2022 by Chain Drug Review
Jack Kleinhenz, NRF
Business, Leading Headlines, Retail News
WASHINGTON – The COVID-19 omicron variant will bring uncertainty to the economy in 2022 and could contribute to inflation, but is unlikely to cause widespread shutdowns or slowdowns, National Retail Federation chief economist Jack Kleinhenz said on Wednesday. “Even with the experience of the past two years, there is no model that can predict how
July 1, 2020 by Chain Drug Review
Jack Kleinhenz, NRF
Business, Leading Headlines, Pharmacy
WASHINGTON – The economic downturn brought on by the coronavirus pandemic has officially been declared a recession, but National Retail Federation chief economist Jack Kleinhenz said today 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
December 13, 2019 by Chain Drug Review
Jack Kleinhenz, National Retail Federation, National Retail Federation still expects a strong holiday season for retailers
Business, Leading Headlines, Retail News
WASHINGTON – Retail sales growth was modest in November, but the National Retail Federation still expects a strong holiday season for retailers. Retail sales in November increased 0.1% seasonally adjusted over October and were up 2.1% unadjusted year-over-year, according to the NRF, which noted that the numbers exclude automobile dealers, gasoline stations and restaurants. “November
February 14, 2019 by Chain Drug Review
2018 holiday retail sales, Jack Kleinhenz, Matthew Shay, National Retail Federation, U.S. Census Bureau
Business, Leading Headlines, Retail News
WASHINGTON – The holiday season turned out not to have been a particularly merry one for retail sales, the National Retail Federation said on Thursday. Retail sales grew a lower-than-expected 2.9% during the two-month period, according to the NRF, which cited U.S. Commerce Department data that had been delayed by nearly a month because of
August 15, 2018 by Chain Drug Review
Jack Kleinhenz, National Retail Federation
Business, Leading Headlines, Retail News
WASHINGTON – July retail sales were up 0.4% seasonally adjusted from June and increased 4.9% unadjusted year-over-year, giving the industry a solid kickoff for the third quarter as consumers continued to spend despite concerns about the growing trade war, the National Retail Federation reported today. The numbers exclude automobiles, gasoline stations and restaurants. “Today’s numbers
August 14, 2018 by Chain Drug Review
2018 U.S. retail sales, Jack Kleinhenz, Matthew Shay, National Retail Federation
Business
WASHINGTON — The National Retail Federation has revised its retail sales forecast for 2018, saying it now expects sales to increase 4.5% or more, up from its earlier projection of a year-on-year gain in the range of 3.8% to 4.4%. “Higher wages, gains in disposable income, a strong job market and record-high household net worth
January 1, 2018 by Geoff Walden and Chain Drug Review
chain drug store holiday sales, Heather Hughes, holiday retail sales, Jack Kleinhenz, National Retail Federation, Phil Rist, Prosper, Walgreens
2018, Issue 01-01-2018, Issues, News
NEW YORK — Chain drug store holiday sales bettered last year’s results, with total dollar volume rising more than 4% and same-store sales advancing 1.8%. In comparison to the 2016 holiday retail sales season, when anxiety over the new administration may have peaked, consumer confidence was up this year, propelled by income gains and the
December 27, 2017 by Chain Drug Review
2017 Christmas selling season, chain drug store holiday sales, Heather Hughes, holiday retail sales, Jack Kleinhenz, MasterCard SpendingPulse, National Retail Federation, Phil Rist, Prosper, Racher Press, Walgreens
Business, Featured Articles, Leading Headlines, Retail News
NEW YORK — Chain drug store holiday sales bettered last year’s results, with total dollar volume rising more than 4%. In comparison to the 2016 holiday season, when anxiety over the new administration may have peaked, consumer confidence was up this year, propelled by income gains and the long-running bull market. Chain drug store sales
January 13, 2017 by Chain Drug Review
holiday retail sales, holiday spending, Jack Kleinhenz, Matthew Shay, National Retail Federation, NRF
Business, Retail News
WASHINGTON — The National Retail Federation is out with figures showing that holiday retail sales reached $658.3 billion in November and December, a 4% increase from the previous year and surpassing the NRF’s preseason forecast for $655.8 billion in holiday spending. The number includes $122.9 billion in online (dubbed non-store sales by NRF) sales. That
October 24, 2016 by Scot Meyer and Chain Drug Review
Accenture, holiday retail sales, holiday shopping, Jack Kleinhenz, Jill Standish, Matthew Shay, National Retail Federation, NRF, PwC, Steven Barr
2016, Business, Featured Articles, Issue 10-24-2016, Issues, Leading Headlines, News
NEW YORK — Consumers are expected to increase their spending this holiday season, bolstered by an economy that is showing signs of strength. The National Retail Federation (NRF) expects sales in November and December (excluding cars, gasoline and restaurant sales) to increase 3.6% to $655.8 billion. That is significantly higher than the 10-year average of
February 22, 2016 by Mark Baumgartner and Chain Drug Review
Jack Kleinhenz, Matthew Shay, National Retail Federation, NRF, retail industry sales
2016, Issue 02-22-2016, Issues, News
WASHINGTON — Retail sales increased for a third straight month in January. The 0.2% gain matched the previous month’s performance, which the Commerce Department initially reported as a decline but revised upward as more data came in. Economists at the National Retail Federation (NRF) predict retail industry sales this year will exceed their 10-year average
February 10, 2016 by Mark Baumgartner and Chain Drug Review
Jack Kleinhenz, Matthew Shay, National Retail Federation, NRF, retail industry sales
Business, Leading Headlines, Retail News
WASHINGTON — Economists at the National Retail Federation (NRF) predict retail industry sales this year will exceed their 10-year average as the economy continues to grow and consumers show more willingness to spend. The federation forecasts sales will rise 3.1% in 2016, topping the 2.7% average over the past decade. The report, released Wednesday, predicts
January 5, 2015 by Mark Tosh and Chain Drug Review
chain drug stores, Christmas, Craig Johnson, CVS/pharmacy, drug chains, holiday retail sales, holiday shopping season, Jack Kleinhenz, Judy Sansone, MasterCard Advisors, Matthew Shay, National Retail Federation, Sarah Quinlan, SpendingPulse
2015, Business, Issue 01-05-2015, News
NEW YORK — A late shopping rush on the weekend before Christmas helped put some twinkle in holiday retail sales, but the final results for the season seemed to fall short of the optimistic projections retailers had set back in early November. Drug chains, however, may have fared slightly better during the holidays than the