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NRF Expects Record-Breaking Back-to-School Spending in 2021

back-to-school spending NRF

According to a National Retail Federation (NRF) back-to-school spending survey conducted by Prosper Insights & Analytics, consumers plan to spend record amounts for school and college supplies as families and students look to return to in-person classrooms this fall. “The …

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Analyzing Top Home Improvement Categories

home improvement categories

New data from market research firm Numerator is revealing the latest insights into key home improvement categories. Take a look at Numerator’s latest findings to learn how you can use up-to-date shopping data to position your home improvement categories for …

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Tractor Supply Co. Reports Record Q2 Earnings

tractor supply

Big-box home improvement chain Tractor Supply Co. has reported record earnings for its second quarter, which ended June 26. The company’s net sales for the second quarter stood at $3.6 billion, up more than 13 percent from the same period …

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Child Tax Credits Could Stimulate Retailers

child tax credit

Starting July 15, U.S. households with children will begin receiving monthly payments for each child in the household. Part of the American Rescue Plan, the child tax credits will put money into the hands of low and middle-income families to …

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NRF Revises Forecast as Great Uncertainty Transforms Into Recovery

NRF Revises Forecast

As retailers head into the second half of 2021, National Retail Federation (NRF) chief economist Jack Kleinhenz says the great uncertainty clouding the nation’s economic outlook earlier in the year has transformed into evidence of a recovery from the COVID-19 …

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Product Shortages Causing Builders to Raise Prices, Preorder

building materials

It’s no secret that building materials are in short supply and the price of lumber and other supplies has increased significantly. In May 2021, the National Association of Home Builders (NAHB) surveyed builders in its annual Housing Market Index. Builders …

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U.S. Adds 850,000 Employees to Workforce in June

June jobs added

The U.S. Bureau of Labor Statistics released its Employed Situation for June 2021, which reported 850,000 jobs were added in June. The number of new jobs added exceeded the expectations of 720,000 and is well above May’s gains of 583,000.  …

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NRF Projects 2021 Retail Sales to Top $4.4T

2021 retail sales

The National Retail Federation (NRF) is upwardly revising its estimate on how much consumers will spend across retail sectors in 2021. The organization’s new estimate now stands at $4.4 trillion, and the NRF expects sales to grow between 10.5 and …

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