by Mike Duff | Jan 4, 2023 | Retail Articles
The economy is at a critical juncture with recession a possibility, if not a certainty, National Retail Federation chief economist Jack Kleinhenz stated in the NRF Monthly Economic Review. The United States Federal Reserve’s efforts to reduce inflation may not trigger...
by Mike Duff | Dec 15, 2022 | Retail Articles
After a surge of early holiday shopping during a promotion-filled October, November retail sales slipped month over month but still saw solid year-over-year gains, the National Retail Federation announced. NRF’s calculation of retail sales, based on United States...
by Mike Duff | Dec 2, 2022 | Featured News, Retail Articles
Despite strong consumer spending, gross domestic product is unlikely to grow as much in the final months of 2022 as it did in the third quarter, National Retail Federation Chief Economist Jack Kleinhenz stated as part of NRF’s Monthly Economic Review, but he also...
by Mike Duff | Nov 18, 2022 | Featured News, Retail Articles
The National Retail Federation forecasts 166.3 million people are planning to shop from Thanksgiving Day through Cyber Monday this year, up eight million from the 2021 period. The robust holiday weekend forecast was issued as NRF reported retail sales gains...
by Mike Duff | Nov 4, 2022 | Retail Articles
Even with recent inflationary challenges, the National Retail Federation has forecast that holiday retail sales during November and December will grow between 6% and 8% over 2021 to between $942.6 billion and $960.4 billion. Last year’s holiday sales grew 13.5% versus...
