economic forecast

NRF: retail sales to top $4.44 trillion in 2021

NRF: retail sales to top $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 private-sector