TOY-FAIR_1170x120_9-20-21

NRF President and CEO Matthew Shay

NRF: Holiday sales hit a record $886.7 billion

NRF: Holiday sales hit a record $886.7 billion

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,

NRF foresees busy Thanksgiving weekend for retailers

NRF foresees busy Thanksgiving weekend for retailers

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

NRF predicts record holiday retail sales

NRF predicts record holiday retail sales

WASHINGTON – This year’s holiday spending has the potential to shatter previous records, the National Retail Federation said Wednesday, forecasting that holiday 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

Retail sales rebound in June

Retail sales rebound in June

WASHINGTON — Retail sales grew in June after dipping month-to-month in May, in a sign that the industry is benefiting from an improving economy. Retail sales rose 0.6% in June, according to the U.S. Commerce Department, which also revised data for May to show sales falling 1.7% instead of declining 1.3% as previously reported. Many

Walmart’s John Furner talks about retail’s future

Walmart’s John Furner talks about retail’s future

NEW YORK — When he was asked almost a year ago what pandemic-related changes in consumer behavior would likely stick around once things returned to normal, Walmart U.S. president and CEO John Furner said it was too soon to tell. So when National Retail Federation president and CEO Matthew Shay interviewed Furner on Monday, during

Record high Father’s Day spending expected

Record high Father’s Day spending expected

WASHINGTON – The National Retail Federation on Tuesday projected that U.S. consumers will spend more than $20.1 billion — a record high — on gifts and other items for Father’s Day this year. The projection is based on NRF’s annual survey conducted by Prosper Insight & Analytics. Total spending for the holiday will surpass last

Mother’s Day spending to total $28.1 billion

Mother’s Day spending to total $28.1 billion

WASHINGTON – Consumers are expected to spend a record $28.1 billion to celebrate Mother’s Day this year, according to a survey released Thursday by the National Retail Federation. That is an increase of $1.4 billion from last year. About 83% of U.S. adults are expected to celebrate the holiday this year. “There is a lot

NRF expects 2021 retail sales to top $4.33 trillion

NRF expects 2021 retail sales to top $4.33 trillion

WASHINGTON – The National Retail Federation said Wednesday that it expects U.S. retail sales to grow between 6.5% and 8.2% this year, topping $4.33 trillion, as more Americans get vaccinated and the economy reopens. “Despite the continuing health and economic challenges COVID-19 presents, we are very optimistic that healthy consumer fundamentals, pent-up demand and widespread

January retail sales show strong increase

January retail sales show strong increase

WASHINGTON – Retail sales grew sharply in January as government stimulus checks provided a boost and momentum from 2020’s record holiday season carried over into the new year, the National Retail Federation said Wednesday. “January’s retail sales numbers reflect a very strong start for consumers and retailers as we look ahead to a critical year

More than 150 million plan to shop on Super Saturday

More than 150 million plan to shop on Super Saturday

WASHINGTON – More than 150 million U.S. consumers plan to shop on Super Saturday (the last Saturday before Christmas) this year, according to a survey released Thursday by the National Retail Federation and Prosper Insights & Analytics. That is up slightly from 147.8 million in 2019. That number includes both in-store and online shoppers and

Retail sales slow in November

Retail sales slow in November

WASHINGTON – Retail sales slipped in November compared to the month before, as the surging pandemic suppressed store traffic. But sales were still up compared to last November, and the National Retail Federation still expects a happy holiday season for retailers. “Consumers held back on spending in November as virus rates spiked, states imposed retail restrictions and

Pandemic shifts more Black Friday shopping online

Pandemic shifts more Black Friday shopping online

WASHINGTON – Fewer people than usual shopped in stores over the Thanksgiving holiday weekend this year, according to the annual survey released Tuesday by the National Retail Federation and Prosper Insights & Analytics. The number of in-store shoppers on Thanksgiving Day dropped by 55% from last year and those on Black Friday dropped by 37%.

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