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
WASHINGTON – Nearly 2 million more people than last year are expected to shop from Thanksgiving Day through Cyber Monday this year, according to a survey released Wednesday by the National Retail Federation and Prosper Insights & Analytics. “We’re expecting another record-breaking holiday season this year and Thanksgiving weekend will play a major role as
ATLANTA — InComm Payments released the results of its 2021 Holiday Report on Wednesday, which found that consumers are already preparing for the holiday season and plan to get a head start on shopping – beginning as early as right now. The study drew responses from 2,552 U.S. consumers regarding their expectations for this season’s holiday shopping.
NEW YORK — The nation’s largest retailers have announced plans to increase payrolls as they gear up for the holiday season. Walmart intends to add 20,000 employees to support its e-commerce business and to help with the holiday rush. Dollar General has announced plans to hire 50,000 employees in the coming weeks, with many of
WASHINGTON – Retail sales grew for the sixth month in a row in October, the National Retail Federation said Tuesday. Besides increasing compared to September, October sales were also up compared to October of last year. “We are encouraged by another positive retail sales number for October — the sixth consecutive positive monthly gain —
Tis the season for predictions about just how much consumers will spend on holiday gifts, food and decorations. So far the surveys mostly suggest that consumer spending will tick up, despite the COVID-19 pandemic, although how people will shop and what they will buy will be different this year. One change is that this year’s
NEW YORK — Walmart and Target are hiring extra employees for the upcoming holiday shopping season, but the retailers say that this year there will be an increased focus on supporting online shopping. Making the in-store shopping experience as safe as possible for customers and employees alike is another top priority. Target said Thursday that
WASHINGTON — The National Retail Federation (NRF) expects retail sales in the holiday months of November and December to increase between 3.8% and 4.2% from last year’s level. Holiday sales of between $727.9 billion and $730.7 billion would represent a slight improvement over the five-year average of a 3.7% increase, NRF said early this month.
The upcoming holiday season is projected to be a good one for the retail industry. But much of the sales growth will be a result of additional traffic on retailers’ websites rather than in their stores. Online spending during the upcoming holiday shopping season is expected to grow 14.8%, to $124.1 billion, according to Adobe
NEW YORK — As the holiday shopping season gets under way, the latest forecasts suggest that consumer spending will be up this year. But retailers are taking no chances, offering special deals and free shipping to get customers to shop their stores or websites. Walmart announced this month that it is expanding its product assortment
The recent holiday season turned out to be a pretty merry one for retailers, preliminary figures suggest. And while consumers are shifting more of their shopping to online venues, they also continue to flock to brick-and-mortar stores, and even once again proved willing to fight the crowds to take advantage of Black Friday deals. That
The holiday selling season remains, just weeks before it kicks off, a mystery, at least in terms of what’s going to happen. Even now, Christmas merchandise is in the stores, awaiting set-up. Holiday promotions have long since been planned, and advertising is locked in. All that waits is for the customer to choose her preferences.