Consumer spending is expected to reach a total of $22.4 billion this Easter, according to the annual survey released by the National Retail Federation (NRF) and Prosper Insights and Analytics. The total figure is the second highest in the survey’s history …
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Census Retail Sales Data Shows Consumers ‘Still Engaged’
The National Retail Federation (NRF) says data released by the U.S. Census Bureau retail sales data shows that retail sales cooled in January but households continued to spend. “Retail sales softened in January compared with the holiday season, but consumers …
Read More »$743 Billion in Merchandise Returned in 2023
Retailers have been focused on efforts to mitigate returns, as total returns for the industry amounted to $743 billion in 2023, a return rate of 14.5%, according to a report released by the National Retail Federation (NRF) and Appriss Retail. …
Read More »Thanksgiving Shopping Numbers Surpass Expectations
A record 200.4 million consumers shopped over the five-day holiday weekend from Thanksgiving Day through Cyber Monday, surpassing last year’s record of 196.7 million, according to the annual survey of almost 3,500 consumers, released by the National Retail Federation (NRF) …
Read More »Record Shopping Coming Thanksgiving Weekend
An estimated 182 million people, 15.7 million more than last year, are planning to shop in-store and online on Thanksgiving weekend this year, according to the annual survey by the National Retail Federation (NRF) and Prosper Insights & Analytics. It …
Read More »Census Data Shows Retail Sales Growth in October
Retail sales kept up a long streak of year-over-year gains in October even though the growth rate continued to slow, says Jack Kleinhenz, National Retail Federation (NRF) chief economist, in response to the U.S. Census Bureau’s release of monthly data …
Read More »Show Your Store’s Holiday Spirit
Finding the perfect Christmas gift can be tough. National rural lifestyle retailer Tractor Supply Co. recently announced it is launching “Dad Squad,” a new service to help consumers find the perfect gift for the hardest shoppers this holiday season. The purpose …
Read More »National Retail Federation Provides Consumer Spending Forecast
$966.6 billion. That amount is how much the National Retail Federation (NRF) forecasts will be spent on gifts and decorations from November 1 to December 31, a 3-4% increase from 2022. NRF’s holiday forecast is based on economic modeling that …
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