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NRF: Retail sales growth will moderate this year

April 17, 2023 by 2023, Issue 04-17-2023, Issues

WASHINGTON — The National Retail Federation (NRF) expects retail sales growth to slow this year as the pandemic-fueled spending boom fades and inflation forces shoppers to tighten their belts. In its annual forecast, NRF foresees retail sales of between $5.13 trillion and $5.23 trillion on growth of between 4% and 6% from 2022 levels. “While

NRF: Holiday sales grew 5.3% to $936.3 billion

January 18, 2023 by Leading Headlines, Money, Retail News

NRF: Holiday sales grew 5.3% to $936.3 billion

WASHINGTON – Retail sales during 2022’s November-December holiday season grew 5.3% over 2021 to $936.3 billion, falling short of the National Retail Federation’s forecast amid continuing inflation and high interest rates, NRF said today. While holiday growth was less than expected, sales for the year grew 7% over 2021 to $4.9 trillion, meeting NRF’s forecast