by Mike Duff | Oct 7, 2022 | Retail Articles
In a more skeptical appraisal, KPMG had a less buoyant forecast for the upcoming holidays than some consumer studies, with executives expecting retail sales growth of 4.2% over the 2021 season, within the historical growth range of 3% to 5% but flat to slightly...
by Mike Duff | Oct 4, 2022 | Featured News, Retail Articles
Consumers may worry about high inflation and interest rate hikes initiated by the United States Federal Reserve intended to bring inflation under control, but that hasn’t stopped them from spending, according to National Retail Federation Chief Economist Jack...
by Mike Duff | Sep 6, 2022 | Featured News, Retail Articles
Economic growth in the United States has slowed, but it still isn’t clear if the nation is in a recession, National Retail Federation chief economist Jack Kleinhenz asserted in a monthly NRF review. The emergence of conflicting data on whether the U.S. economy grew or...
by Mike Duff | Aug 3, 2022 | Retail Articles
According to the Institute for Supply Chain Management, economic activity in the manufacturing sector grew in July, with the overall economy achieving a 26th consecutive month of growth. In the Manufacturing ISM Report On Business, Timothy Fiore, chair of the ISM’s...
by Mike Duff | Aug 3, 2022 | Retail Articles
Despite two consecutive quarters of decline, the United States economy doesn’t appear to be in a recession and remains unlikely to enter one this year, NRF chief economist Jack Kleinhenz stated. He commented in the August issue of NRF’s Monthly Economic Review, which...
