WASHINGTON – Retail sales bounced back strongly in January as inflation eased and income grew, the National Retail Federation said today. “Despite inflationary headwinds, January retail sales show the resiliency of consumers in how they manage their budgets and make decisions on how, when and where to spend their hard-earned dollars,” NRF President and CEO
The exhibit floor at NRF 2023: Retail’s Big Show was a cornucopia of technological innovation, packed with exhibitors showing off the latest robots, kiosks and mobile point-of-sale solutions, as well as scads of artificial intelligence applications designed to help retailers do everything from addressing theft within their stores to better forecasting their inventory needs. There
WASHINGTON – Consumers are expected to spend $25.9 billion on Valentine’s Day this year, up from $23.9 billion in 2022 and one of the highest spending years on record, according to the annual survey released Wednesday by the National Retail Federation and Prosper Insights & Analytics. “Valentine’s Day is a special occasion to shop for
WASHINGTON — The National Retail Federation (NRF) has applauded the inclusion of the “Integrity, Notification, and Fairness in Online Retail Marketplaces (INFORM) for Consumers Act” in year-end congressional omnibus legislation. “On behalf of the retail industry, we are extremely pleased negotiators included the INFORM Consumers Act in the omnibus package,” NRF senior vice president of
WASHINGTON – The National Retail Federation announced it will introduce a new Consumer Product Showcase at NRF 2023: Retail’s Big Show. The program provides a forum for small businesses to feature their consumer-facing products for national merchandisers. The majority (84%) of products showcased will be from minority-owned, women-owned, veteran-owned, disability-owned or LGBTQ+-owned companies. “Retailers are continuously looking to
WASHINGTON – It’s too soon to say whether the Federal Reserve’s efforts to reduce inflation will lead to a recession, but continuing interest rate hikes increase the chances, National Retail Federation Chief Economist Jack Kleinhenz said Tuesday. “This year starts with the possibility of easing inflation but also uncertainty,” Kleinhenz said, referring to the interest
WASHINGTON — The National Retail Federation on Tuesday applauded the inclusion of the “Integrity, Notification, and Fairness in Online Retail Marketplaces (INFORM) for Consumers Act” in year-end congressional omnibus legislation. “On behalf of the retail industry, we are extremely pleased negotiators included the INFORM Act in the omnibus package, and we look forward to passage
WASHINGTON – November retail sales were down from October, when inflation worries prompted a surge of early holiday shopping. But retailers’ November sales still reflected solid year-over-year growth that marked a strong start to the holiday season, according to the National Retail Federation. “Consumers continued to spend on household priorities and holiday gifts for loved
WASHINGTON — A record 196.7 million Americans shopped in stores and online during the five-day holiday shopping period from Thanksgiving Day through Cyber Monday, according to the annual survey released by the National Retail Federation (NRF) and Prosper Insights & Analytics. The total number of shoppers grew by nearly 17 million from 2021 and is
WASHINGTON — Retailers in the United States can expect year-end holiday sales growth that exceed the average increase over the past decade, according to a forecast released this month by the National Retail Federation. NRF foresees holiday retail sales increasing between 6% and 8% from 2021, when year-on-year sales were up 13.5% to a record
WASHINGTON — As high rates of inflation persist, consumers across income levels are feeling the pain of higher prices on everything from household essentials to services like travel and dining out. Despite challenges, consumers are still prioritizing holiday spending. An NRF September 2022 consumer survey found that: Households earning over $75,000 a year are twice as likely
WASHINGTON – More Americans plan to celebrate Halloween this year, according to the National Retail Federation’s annual survey conducted by Prosper Insights & Analytics, which found that holiday-related activity will return to pre-pandemic levels. The survey found that 69% of consumers planning to celebrate the holiday this year, up from 65% in 2021 and comparable