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retail sales

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

NRF sees ‘fits and starts’ recovery ahead

NRF sees ‘fits and starts’ recovery ahead

WASHINGTON – Stay-at-home orders are being eased and non-essential stores are reopening in many parts of the country. But the rebound in retail sales is likely to be gradual, and will vary by location, National Retail Federation chief economist Jack Kleinhenz predicted on Wednesday. “Getting back to work or shopping in a pre-virus manner is

Retail sales plummet after surge

NEW YORK — The full force of the coronavirus pandemic slammed the overall economy and the mass market retail industry in March, requiring unprecedented operational responses from chain managements and workers. While the ultimate impact of the outbreak, both on companies and on millions of individuals remains unclear, essential retailers have emerged as perhaps the

Retail sales plummet amid pandemic

Retail sales plummet amid pandemic

WASHINGTON — Total retail sales fell dramatically in March as the coronavirus pandemic forced restaurants, bars and many stores to temporarily close across the nation. But sales soared at grocery stores and were up at other retailers deemed “essential” as well, offsetting some of the decline. “COVID-19 has hit the retail industry unevenly,” NRF Chief

NRF sees strong retail sales in 2020

NRF sees strong retail sales in 2020

WASHINGTON — Retail sales should grow by 3.5% to 4.1% this year, according to a forecast released Wednesday by the National Retail Federation. The trade group is predicting that sales in 2020 will top $3.9 trillion, despite uncertainty from the lingering trade war, the coronavirus outbreak and the presidential election. “The nation’s record-long economic expansion

September retail sales down from August

September retail sales down from August

WASHINGTON – Retail sales in September were down 0.1% seasonally adjusted from August but up 4.5% unadjusted year-over-year, the National Retail Federation said on Wednesday. The numbers exclude automobile dealers, gasoline stations and restaurants. “The pullback in September compared with August is possibly a reaction to increased fears over U.S.-China tensions,” NRF Chief Economist Jack

Deloitte: Holiday sales to increase 4.5% to 5%

Deloitte: Holiday sales to increase 4.5% to 5%

NEW YORK — Retail sales this holiday season are likely to increase by between 4.5% and 5%, according to projections by Deloitte. “Based on a growth in consumer disposable income and spending indicators, retailers, across channels, should expect a strong holiday season in 2019,” said Rod Sides vice chairman, Deloitte LLP and U.S. retail and

Retail sales growth strong in July

Retail sales growth strong in July

WASHINGTON — Retail sales were up 0.9% in July seasonally adjusted from June and up 5.6% unadjusted year-over-year, the National Retail Federation said Thursday. The numbers exclude sales by automobile dealers, gasoline stations and restaurants. “July’s strong results are consistent with a confident consumer,” NRF chief economist Jack Kleinhenz said in a statement on Thursday.