NEW YORK — This year will usher in a new era as retailers and consumers alike navigate a tight labor market, higher long-term interest rates, and overall economic volatility. This is according to Deloitte’s 2024 Retail Outlook, released today, which examines how retailers can rebuild trust to drive loyalty and rekindle profitability through experiences, personalization,
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
WASHINGTON – The National Retail Federation, citing strong sales in the first half of the year, said Tuesday that it now expects 2016 retail sales to grow 3.4% over last year. The NRF had previously predicted sales would grow 3.1%. The trade association also raised its forecast for online and other non-store sales, which are