PP_1170x120_10-25-21

NRF chief economist Jack Kleinhenz

November retail sales put holiday season on record pace

November retail sales put holiday season on record pace

WASHINGTON – Retail sales continued to grow in November, putting the 2021 holiday season on the home stretch for record spending despite inflation, supply chain disruptions and COVID-19, the National Retail Federation said Wednesday. “Despite economic headwinds, November retail sales data confirms that consumers continue to spend, as demonstrated by a 14% increase in sales

NRF forecasting record growth for the holiday season

NRF forecasting record growth for the holiday season

WASHINGTON – The impact of the pandemic on the nation’s economy will be a key factor in retail sales during the 2021 holiday season, but the National Retail Federation is nonetheless confident in its forecast for record growth, NRF chief economist Jack Kleinhenz said on Tuesday. “There are several factors coming together to have a

NRF forecasts record holiday retail sales

NRF forecasts record holiday retail sales

WASHINGTON – This year’s holiday spending has the potential to shatter previous records, the National Retail Federation said Wednesday, forecasting that holiday sales during November and December will grow between 8.5% and 10.5% over 2020 to total between $843.4 billion and $859 billion. The numbers (which exclude automobile dealers, gasoline stations and restaurants) suggest that

NRF: Retail sales to now exceed $4.44 trillion in 2021

NRF: Retail sales to now exceed $4.44 trillion in 2021

WASHINGTON – Retail sales will grow between 10.5% and 13.5% this year, topping $4.44 trillion, according to a revised forecast by the National Retail Federation. “The economy and consumer spending have proven to be much more resilient than initially forecasted,” NRF president and CEO Matthew Shay said. “The combination of vaccine distribution, fiscal stimulus and

NRF says U.S. economy could see fastest growth since 1980s

NRF says U.S. economy could see fastest growth since 1980s

WASHINGTON — The  U.S. economy could be headed for its fastest growth in more than three decades, National Retail Federation chief economist Jack Kleinhenz said on Monday. “While there is a great deal of uncertainty about how fast and far this economy will grow in 2021, surveys show an increase in individuals being vaccinated, more

March retail sales rebound amid Increased vaccination and government stimulus

March retail sales rebound amid Increased vaccination and government stimulus

WASHINGTON – Retail sales rebounded with huge gains in March as government checks fattened consumers’ bank accounts and more vaccination against COVID-19 made it easier for shoppers to get out of the house and lead the acceleration of the U.S. economy, the National Retail Federation said Thursday. “The dramatic increase of 17.7% in March retail

January posts strong retail sales numbers

January posts strong retail sales numbers

WASHINGTON – Retail sales grew sharply in January as government stimulus checks provided a boost and momentum from 2020’s record holiday season carried over into the new year, the National Retail Federation said Wednesday. “January’s retail sales numbers reflect a very strong start for consumers and retailers as we look ahead to a critical year

Retail sales bounce back in July

Retail sales bounce back in July

WASHINGTON – Retail sales continue to rebound from the impact of the coronavirus pandemic, the National Retail Federation said Friday. Sales in July grew more slowly than in June, but the trend continued to be positive. “Retail sales for July were another positive step in the right direction as our economy continues to slowly reopen,”

Retail sales drop sharply in April

Retail sales drop sharply in April

WASHINGTON — Retail sales dropped almost twice as much during April as they did in March, reflecting the first full month when most stores were closed because of the coronavirus pandemic, the National Retail Federation said on Friday. The U.S. Census Bureau reported that overall retail sales during April were down 16.4% seasonally adjusted from

Retail sales plummet amid pandemic

Retail sales plummet amid pandemic

WASHINGTON — Total retail sales fell dramatically in March as the coronavirus pandemic forced restaurants, bars and many stores to temporarily close across the nation. But sales soared at grocery stores and were up at other retailers deemed “essential” as well, offsetting some of the decline. Sales at health and personal care stores, which include

NRF says consumers continue to drive economy

NRF says consumers continue to drive economy

WASHINGTON — Retail sales should grow by 3.5% to 4.1% this year, according to a forecast released Wednesday by the National Retail Federation.The trade group is forecasting that sales in 2020 will top $3.9 trillion, despite uncertainty from the lingering trade war, the coronavirus outbreak and the presidential election. “The nation’s record-long economic expansion is

NRF reports 2019 holiday sales were up 4.1%

NRF reports 2019 holiday sales were up 4.1%

WASHINGTON – Holiday retail sales during 2019 grew 4.1% over the same period in 2018 to $730.2 billion, the National Retail Federation said this week. The numbers exclude automobile dealers, gasoline stations and restaurants. Online and other non-store sales were up 14.6% over the year before at $167.8 billion and are included in the total.

Retail sales up in July

Retail sales up in July

WASHINGTON — Retail sales were up 0.9% in July seasonally adjusted from June and up 5.6% unadjusted year-over-year, the National Retail Federation said this week. The numbers exclude sales by automobile dealers, gasoline stations and restaurants. “July’s strong results are consistent with a confident consumer,” said NRF chief economist Jack Kleinhenz. “Households are in good