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
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
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
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.
WASHINGTON — Retail sales in June were up 0.6% seasonally adjusted from May and up 2.3% unadjusted year-over-year, the National Retail Federation said on Tuesday. “These are impressive results showing that the consumer remains engaged and that consumer spending gave a boost to the economy in the second quarter,” NRF chief economist Jack Kleinhenz said
WASHINGTON — U.S. retail sales increased 0.5% in May (seasonally adjusted from April), and were up 3.2% unadjusted year over year, according to the National Retail Federation. May’s retail sales increases were broad based, with every category except food and beverage stores showing a gain from April, NRF said. The numbers exclude sales at automobile
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
WASHINGTON — According to calculations released by the National Retail Federation, retail sales in October increased 0.4% over September on a seasonally adjusted basis and were up 5.6% year over year unadjusted. The numbers exclude automobiles, gasoline stations and restaurants. “Today’s pickup in retail sales shows a healthy pace of spending and a sign of
WASHINGTON— The National Retail Federation said on Wednesday that holiday retail sales this November and December will increase between 4.3% and 4.8% over last year’s figures. The average annual increase over the past five years has been 3.9%. “Our forecast reflects the overall strength of the industry,” NRF President and CEO Matthew Shay said in
WASHINGTON – Retail sales in September were up 0.5% over August on a seasonally adjusted basis, according to the National Retail Federation, and were up 3.2% year-over-year on an unadjusted basis. The numbers exclude sales of automobiles, or those at gasoline stations and restaurants. “Retail appears to have navigated through some rough weather – literally,”
WASHINGTON — Retail sales in May declined 0.3% as Americans spent less on motor vehicles and discretionary items, according to the Commerce Department. Lower gasoline prices contributed to last month’s decline. Stores selling consumer electronics and appliances posted their largest month-on-month declines in seven years. Excluding automobiles, gasoline, building materials and food services, retail sales
WASHINGTON – Retail sales rose a seasonally adjusted 0.3% in March from the previous month and were up 3.5% unadjusted from a year earlier, the National Retail Federation (NRF) reported on Friday. The federation’s numbers exclude automobiles, gasoline stations and restaurants. “Consumer spending was weak but is expected to pick up as we move through