WASHINGTON – Eighty percent of Americans plan to celebrate Easter this year and will collectively spend $20.8 billion to mark the holiday, according to a survey released Monday by the National Retail Federation and Prosper Insights & Analytics. That projected figure is down slightly from last year’s forecast of $21.6 billion. “Consumers are eager to
WASHINGTON – The National Retail Federation welcomed the announcement Friday that a long-sought agreement in principle on transatlantic data flows has been reached between the United States and the European Union. “Transatlantic data flows are vitally important to global retailers that operate establishments in Europe or sell goods online or by mobile apps to European
WASHINGTON – The National Retail Federation released Wednesday its annual list of the Top 50 Global Retailers. Conducted with Kantar, the 2022 Top 50 Global Retailers list is a compilation of the 50 most impactful international retailers based on their operations at the start of 2021. Walmart continues to be the world’s largest retailer, having made
WASHINGTON – Retail sales showed a strong year-over-year gain in February, but the monthly pace slowed compared with January as inflation drove up prices and lingering effects of the COVID-19 omicron variant affected the supply chain, the National Retail Federation said Wednesday. “Retail sales data continues to show impressive consumer resilience,” NRF president and CEO
WASHINGTON — Worries about war and inflation are not expected to keep consumers from spending money in retail stores and on online this year, according to the National Retail Federation. Retail sales will grow between 6% and 8% this year to top $4.86 trillion this year, the trade group’s annual forecast predicts. The forecast was
WASHINGTON – The omicron variant, inflation and bad weather in much of the country were not enough to stop consumers from shopping in January, the National Retail Federation reported on Wednesday. Retail sales posted strong gains in January despite those and other challenges. “January’s numbers show that 2022 is starting very strong for consumers and
WASHINGTON – National Retail Federation chief economist Jack Kleinhenz said Tuesday that the Federal Reserve’s efforts to curb inflation should not derail the U.S. economy’s continued growth. “There is plenty of room to raise rates without threatening the economy,” he said. Kleinhenz’s remarks came in the February issue of NRF’s Monthly Economic Review, which said
WASHINGTON – Valentine’s Day spending is expected to reach $23.9 billion this year, up from $21.8 billion in 2021 and the second-highest year on record, according to the annual survey released today by the National Retail Federation and Prosper Insights & Analytics. “Following the historic level of consumer spending over the winter holidays, it appears
WASHINGTON – U.S. retail sales soared to $4.583 trillion in 2021. But a report released Tuesday by the National Retail Federation and Appriss Retail found that retailers expect more than $761 billion worth of the merchandise they sold last year to come back to their stores as returns. That represents an average of 16.6% of
WASHINGTON – Walmart U.S. president and CEO John Furner has been elected chairman of the National Retail Federation’s board of directors. Furner replaces former Qurate Retail, Inc. President and CEO Mike George, who has served in the role since 2020. “We are grateful to Mike George for his exceptional leadership as chairman of NRF over
WASHINGTON – Retail sales for the 2021 holiday season totaled $886.7 billion, up 14.1% over 2020 and easily beating the National Retail Federation’s forecast, the retail trade group said on Friday. That number, which includes $218.9 billion in online and other non-store sales (up 11.3%) but excludes sales at automobile dealers, gasoline stations and restaurants,
WASHINGTON – The National Retail Federation lauded the U.S. Supreme Court’s decision to block the Biden administration’s rule that would have imposed COVID-19 vaccine-or-test requirements for employees at most large companies. By a 6-3 vote, the Justices reimposed a stay of the Occupational Safety and Health Administration’s COVID-19 employer-based vaccination and testing Emergency Temporary Standard, blocking