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NRF President and CEO Matthew Shay

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%.

NRF congratulates Biden, Harris

NRF congratulates Biden, Harris

WASHINGTON — The National Retail Federation on Saturday issued a statement congratulating President-elect Joe Biden and Vice President-elect Kamala Harris and pledging to work with the administration and new Congress to mitigate the COVID-19 pandemic and propel the country’s economic recovery. “After a historic and unprecedented election season, the country has selected our next Commander

NRF: Consumers to spend less this holiday season

NRF: Consumers to spend less this holiday season

WASHINGTON – Consumers expect to spend a bit less this holiday season, according to the annual survey released Tuesday by the National Retail Federation and Prosper Insights & Analytics. Most of that decline will stem from consumers making less use of holiday sales for non-gift purchases. Buying presents for friends and family will still be

NRF recognized with Presidential Award

NRF recognized with Presidential Award

WASHINGTON – The White House honored the National Retail Federation on Wednesday with the “Pledge to America’s Workers” Presidential Award. The honor recognizes the NRF Foundation’s RISE Up initiative, one of nine workforce development efforts by businesses and trade groups that were spotlighted by Ivanka Trump and Commerce Secretary Wilbur Ross. “Our industry employs the

Retail recovery continues in August

Retail recovery continues in August

WASHINGTON – Retail sales gains in August point to continued recovery from the coronavirus, the National Retail Federation said on Wednesday. “While August retail sales numbers were a bit mixed, we believe the consumer is resilient and is in good shape as we head into the holiday season,” NRF president and CEO Matthew Shay said

Online classes impact back-to-school spending

Online classes impact back-to-school spending

WASHINGTON – Parents are spending more on computers and other electronic gear because they increasingly think at least some of their children’s classes this fall will happen online, the National Retail Federation and Prosper Insights & Analytics said Monday. “Consumers still face a great deal of uncertainty even as school begins to start and are

Retail sales continued to rebound in July

Retail sales continued to rebound in July

WASHINGTON – Retail sales continue to bounce back from the impact of the coronavirus pandemic, the National Retail Federation said Friday. Sales in July grew more slowly than in June, but the trend continued to be positive. “Retail sales for July were another positive step in the right direction as our economy continues to slowly

May sales rise vs. April as stores reopen

May sales rise vs. April as stores reopen

WASHINGTON — The reopening of stores shuttered by the COVID-19 outbreak boosted retail sales in May, which were up dramatically compared to April, the National Retail Federation reported Tuesday. But sales were still way down from the same period last year. “Today’s sales report is very encouraging news at a time when we need to