WASHINGTON – More than 200 million consumers were in stores or shopping online between Thanksgiving Day and Cyber Monday, according to the National Retail Federation, which cited the record turnout in reiterating its forecast of spending growth in the range of 3% to 4% over the final two months of the year. “We had a
WASHINGTON — October retail sales, excluding autos and gas, declined 0.08%, according to the inaugural CNBC/NRF Retail Monitor, a monthly report that’s a joint product of CNBC and the National Retail Federation and is powered by consumer purchase data from Affinity Solutions. Analysis of debit card and credit card data for October showed weakness in
WASHINGTON – The National Retail Federation today forecast that holiday spending is expected to reach record levels during November and December and will grow between 3% and 4% over 2022 to between $957.3 billion and $966.6 billion. “It is not surprising to see holiday sales growth returning to pre-pandemic levels,” Matthew Shay, the federation’s president
WASHINGTON – Consumers celebrating the winter holidays expect to spend an average of $875 on gifts, food and seasonal items, according to a survey conducted by Prosper Insights & Analytics for the National Retail Federation. That sum is $42 more than respondents to last year’s survey told researchers they were expecting to spend, though it
WASHINGTON – Reports out today on retail sales in September show that consumers have retained the ability and willingness to spend despite accumulating economic headwinds from higher interest rates and slowing growth, according to the National Retail Federation. The NRF’s calculation of retail sales – which excludes automobile dealers, gasoline stations and restaurants to focus
WASHINGTON – American consumers could lose $31 billion in spending power if U.S. tariffs are raised on common household products like microwaves and T-shirts imported from China, according to a new report released Thursday by the National Retail Federation. The study, “Estimated Impacts of Changes to China’s Tariff Status,” examines how ending the country’s permanent
WASHINGTON – The U.S. economy is continuing to grow even as labor disputes across the country and uncertainty created by Congress add to the ongoing challenges of inflation and high interest rates, NRF Chief Economist Jack Kleinhenz said today. ”As Gilda Radner used to say on Saturday Night Live, ‘If it’s not one thing, it’s
WASHINGTON – An “unprecedented” level of theft cost retailers more than $112 billion when taken as a percentage of total sales in 2022, according to a survey released today by the National Retail Federation. “Retailers are seeing unprecedented levels of theft coupled with rampant crime in their stores, and the situation is only becoming more
WASHINGTON – A record proportion of the U.S. population (73%) is celebrating Halloween this year and the celebrants will spend an all-time high $12.2 billion on costumes, parties, decorations and candy, according to an annual survey conducted by Prosper Insights & Analytics on behalf of the National Retail Federation. Last year’s survey indicated that the
WASHINGTON — The National Retail Federation today announced the launch of an advocacy campaign urging Congress to support the Credit Card Competition Act. The campaign begins today and runs through Friday on social media, ConnectedTV, and digital platforms. NRF cited new consumer data suggesting that just 21% of survey respondents think credit card companies are
WASHINGTON –Retail sales reversed their downward trend in July as Prime Day and major promotions by other brands prompted increased shopping while wage increases gave consumers more money to spend, according to the National Retail Federation. “July retail sales show consumers continue to drive the economy through this period of economic pressure with robust spending
WASHINGTON — Consumers are expected to spend record sums this year on back-to-school and back-to-college shopping, according to the annual survey from the National Retail Federation (NRF) and Prosper Insights & Analytics. BTS spending is expected to reach $41.5 billion, up from $36.9 billion last year and the previous high of $37.1 billion in 2021.