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NRF

Retailers can find a competitive edge with data science

U.S. retail sales are expected to rise between 3.8% and 4.4%, to more than $3.8 trillion in 2019 according to a February 2019 National Retail Federation report. These are big stakes numbers. With fast-moving market trends dictating consumption patterns, the need to anticipate customer preferences becomes the driving force for ­retailers. To be sure, not

Father’s Day spending expected to hit record

Father’s Day spending expected to hit record

WASHINGTON – Americans are expected to spend a record $16 billion on Father’s Day gifts this year, according to the National Retail Federation’s annual survey conducted by Prosper Insight & Analytics. That’s up from last year’s $15.3 billion. “Fathers, husbands and sons can expect to feel the love this Father’s Day,” NRF president and CEO

NRF calls latest tariffs a big gamble

NRF calls latest tariffs a big gamble

WASHINGTON – The National Retail Federation has warned that the Trump administration’s imposition of additional tariffs on Chinese goods puts the U.S. economy and American jobs at risk. “We support the administration’s efforts to deliver a meaningful trade agreement that levels the playing field for American businesses and workers,” NRF president and CEO Matthew Shay.

NRF: Mother’s Day sales to set record

NRF: Mother’s Day sales to set record

  WASHINGTON – Mother’s Day spending is expected to total a record $25 billion this year, up from $23.1 billion in 2018, according to the annual survey released Wednesday by the National Retail Federation. A total 84% of U.S. adults are expected to celebrate their mothers and other women in their lives. “Mother’s Day spending has

NRF: March retail sales gain a good sign

NRF: March retail sales gain a good sign

WASHINGTON — Retail sales in March were up 1% seasonally adjusted from February and up 0.8% unadjusted year-over-year, according to the National Retail Federation, which said today that the numbers represent good news about the strength of the economy. “March’s numbers are very encouraging and set the stage for improved expectations for the economy in

Omnichannel a work in progress

Omnichannel a work in progress

The transformation of the retail business continues apace, but the outright revolution promised by the adherents of e-commerce and digital media still appears to be a ways away. That’s one of the insights gleaned from new research conducted by the National Retail Federation (NRF) and Forrester. Based on responses from 69 retailers — a mix

Retail sales rebound in January

Retail sales rebound in January

WASHINGTON – Retail sales rebounded in January, the National Retail Federation said on Monday. Sales increased by 1.3% seasonally adjusted from December and by 3.6% unadjusted year-over-year. The numbers exclude automobile dealers, gasoline stations and restaurants. “Retail sales recovered in January after the unexpected drop in December, reinforcing a positive start to 2019,” NRF chief

Holiday sales climbed 2.9% from 2017

WASHINGTON — The National Retail Federation (NRF) said holiday sales were up 2.9% from a year ago, rising at a slower pace than the association had forecast. “All signs during the holidays seemed to show that consumers remained confident about the economy,” said NRF president and chief executive officer Matthew Shay. “However, it appears that

Exceptionally strong start for holiday sales

WASHINGTON — Between Thanksgiving Day and Cyber Monday, retailers hosted about 165 million shoppers in their stores and on the websites, according to a survey from the National Retail Federation (NRF) and Prosper Insights & Analytics. The survey found average spending per person over the five-day period was $313.29, with 69% of the money going

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