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
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
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
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
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
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
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%.
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
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
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
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
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