Jack Kleinhenz

NRF sees ‘fits and starts’ recovery ahead

NRF sees ‘fits and starts’ recovery ahead

WASHINGTON – Stay-at-home orders are being eased and non-essential stores are reopening in many parts of the country. But the rebound in retail sales is likely to be gradual, and will vary by location, National Retail Federation chief economist Jack Kleinhenz predicted on Wednesday. “Getting back to work or shopping in a pre-virus manner is

NRF chief economist: stopping pandemic is first step

NRF chief economist: stopping pandemic is first step

WASHINGTON – National Retail Federation chief economist Jack Kleinhenz says the coronavirus pandemic “has triggered shocks,” but he argues that the underlying economy is sound. “How quickly the country gets a handle on containing the virus will determine the degree of the impact on the economy and how soon businesses can reopen,” Kleinhenz wrote in

NRF reports modest sales gains in November

NRF reports modest sales gains in November

WASHINGTON –Retail sales growth was modest in November, but the National Retail Federation still expects a strong holiday season for retailers. Retail sales in November increased 0.1% seasonally adjusted over October and were up 2.1% unadjusted year-over-year, according to the NRF, which noted that the numbers exclude automobile dealers, gasoline stations and restaurants. “November showed

NRF: Holiday retail sales increased 5.5% in 2017

NRF: Holiday retail sales increased 5.5% in 2017

WASHINGTON – Citing U.S. Census data, the National Retail Federation reported Friday that retail sales during November and December increased 5.5% compared to last year, to reach $691.9 billion. That number includes $138.4 billion in online and other non-store sales, which were up 11.5% over the year before. The results exceeded NRF’s predicted increase of

NRF forecasts sales growth for 2017

NRF forecasts sales growth for 2017

WASHINGTON — The National Retail Federation on Wednesday forecast that retail industry sales will grow between 3.7% and 4.2% in 2017. Online and other non-store/online sales, which are included in the overall number, are expected to increase between 8% and 12%. NRF’s definition of retail sales excludes automobiles, and money spent at gas stations and

Are recent headlines a sign of things to come?

Two recent business stories that received a fair amount of attention in mainstream media channels raise some interesting questions about the trajectory of retailing in America. The National Retail Federation reported in the middle of last month that holiday sales increased just 3% to $626 billion. The lackluster performance fell well short of the association’s