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holiday sales

Retail sales in January show strong gains

Retail sales in January show strong gains

WASHINGTON – Retail sales started strong in 2024, according to figures released Monday by the National Retail Federation. Sales in January nearly matched December’s holiday spending and rose significantly year over year, according to the CNBC/NRF Retail Monitor, powered by Affinity Solutions. “January sales continued the strong performance of retail sales in December, which is

Retail sales grew by 3.1% this holiday season

Retail sales grew by 3.1% this holiday season

PURCHASE, N.Y. — U.S. retail sales increased 3.1% year-over-year this holiday season, according to a preliminary estimate from Mastercard SpendingPulse. The report covers sales from November 1 through December 24, not including automotive. Mastercard SpendingPulse measures in-store and online retail sales across all forms of payment and is not adjusted for inflation. “This holiday season,

CNBC/NRF Retail Monitor: holiday sales get strong start

CNBC/NRF Retail Monitor: holiday sales get strong start

WASHINGTON – The holiday shopping season got off to a good start in November as retail sales showed strong gains, according to the CNBC/NRF Retail Monitor, powered by Affinity Solutions, released today by the National Retail Federation. Click here to access November retail data. “November Retail Monitor data shows that consumers are embracing the holiday season

Mastercard SpendingPulse sees 3.7% gain in holiday sales

Mastercard SpendingPulse sees 3.7% gain in holiday sales

PURCHASE, N.Y. — U.S. retail sales for the upcoming holiday season are expected to increase 3.7% year-over-year (YOY), according to Mastercard SpendingPulse, which describes the projected increase as a sign of continued consumer resilience. During the 2022 holiday shopping season, inflationary pricing and pent-up demand, coupled with excess savings and rising wages allowed consumers and

Deloitte expects 3.5% to 4.6% holiday sales gain

Deloitte expects 3.5% to 4.6% holiday sales gain

NEW YORK— Holiday retail sales are likely to increase between 3.5% and 4.6% in 2023, according to Deloitte’s annual holiday retail forecast. Overall, Deloitte’s retail and consumer products practice projects holiday sales will total $1.54 to $1.56 trillion during the November to January timeframe. In 2022, holiday sales grew by 7.6% in the same period. Deloitte also

Holiday sales forecasts are upbeat

Holiday shoppers this year are facing rising prices, another interest rate hike that will make using their credit cards more costly, and the threat posed by new COVID variants, the flu and a surge in respiratory syncytial virus (RSV) infections. Despite all this, most forecasts for retail sales this holiday shopping season are pretty optimistic.

Modest growth seen for holiday sales

NEW YORK — Reports on the retail outlook ahead of the crucial year-end holidays have found shoppers feeling thrifty as inflation pushes up prices for groceries and other daily essentials. The mood has retailers preparing for modest growth in holiday sales, with gains driven largely by inflation. “This holiday retail season is bound to be

Eager gift buyers drive holiday sales up 8.5%

PURCHASE, N.Y. — Retail sales (excluding automotive) increased 8.5% year over year this holiday season, according to Mastercard SpendingPulse. Online sales grew 11% compared to the same period last year, the preliminary insights show. Mastercard SpendingPulse, which measures in-store and online retail sales across all forms of payment, defines the holiday season as running from

Retail imports to show record growth in 2021

Retail imports to show record growth in 2021

WASHINGTON – Imports at the nation’s major retail container ports are expected to end 2021 with both the largest volume and fastest growth on record despite supply chain disruptions brought on by the COVID-19 pandemic, according to the monthly Global Port Tracker report released Wednesday by the National Retail Federation and Hackett Associates. “This has

Early holiday shopping boosts October retail sales

Early holiday shopping boosts October retail sales

WASHINGTON – Early holiday shopping helped boost retail sales in October, the National Retail Federation said on Tuesday. “Retail sales data for October reflects the enduring strength of consumers’ finances and willingness to spend as the holiday season gets underway,” NRF President and CEO Matthew Shay said. “The robust balance sheets of American households are being

Holiday sales expected to set record

WASHINGTON — This year’s holiday spending has the potential to shatter previous records, the National Retail Federation (NRF) said, forecasting that 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 sales

Holiday sales soared a surprising 8.3%

WASHINGTON — Retail sales during 2020’s November-December holiday season grew an unexpectedly high 8.3% over the same period in 2019 to $789.4 billion, according to the National Retail Federation (NRF). Online and other non-store sales increased 23.9% to $209 billion. NRF chief economist Jack Kleinhenz said consumers shifted into high gear in December, giving the

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