National Retail Federation

NRF: Economy remains ‘sturdy’ despite forecast for slower growth

Despite expectations for slower growth of both gross domestic product and retail sales, the economy should continue to do well the remainder of this year, said Jack Kleinhenz, chief economist for the National Retail Federation... more »

Retail sales to reach at least $5.23 trillion in 2024

The National Retail Federation (NRF) forecasts that 2024 retail sales will increase between 2.5% and 3.5% to between $5.23 trillion and $5.28 trillion. The announcement was made during NRF’s fourth annual State of Retail &... more »

2024 Easter spending expected to top $22B

Consumer spending is expected to reach a total of $22.4 billion this Easter, according to the National Retail Federation (NRF) and Prosper Insights & Analytics. The total figure is the second-highest in the survey’s history,... more »

Retail sales grow again in February 2024

Retail sales continued to grow in February, building off solid gains from January, according to the CNBC/NRF Retail Monitor, powered by Affinity Solutions, released by the National Retail Federation (NRF). Total retail sales, excluding automobiles... more »

NRF: Inflation and interest rates remain key

Inflation and the Federal Reserve’s efforts to bring it under control will continue to play a major role in the economy this year, said Jack Kleinhenz, chief economist at the National Retail Federation (NRF). “With... more »

January 2024 retail sales signal strong start to the year

Retail sales showed a strong beginning for the year in January, nearly matching December’s busy holiday spending and rising significantly year over year, according to the CNBC/NRF Retail Monitor. Total January 2024 retail sales, excluding... more »

NRF says $743B in merchandise returned in 2023

Total returns for the industry amounted to $743 billion in merchandise in 2023, according to a report released by the National Retail Federation and Appriss Retail. As a percentage of sales, the total return rate... more »

Thanksgiving holiday weekend sees record number of shoppers

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 released by the National Retail Federation... more »