consumer trends

NRF: Economy is growing but momentum slows

The economy is still growing, but not as fast as it was earlier this year, reported Jack Kleinhenz, chief economist for the National Retail Federation (NRF). “The U.S. economy continues to expand, but recent data... more »

NRF: Retail sales rise sharply in July

Retail sales reversed their downward trend in July as Amazon Prime Day and major promotions by other brands prompted increased shopping while wage increases gave consumers more money to spend, the National Retail Federation said.... more »

Back-to-school shopping to reach record levels in 2023

Consumers are expected to spend record amounts for both back-to-school and back-to-college shopping this year, according to the annual survey released today by the National Retail Federation (NRF) and Prosper Insights & Analytics. Back-to-school spending... more »

At its ‘core’: 5 trending fashion aesthetics

"Life is very grey, so fashion should always be fun," stated 101-year-old fashion icon Iris Apfel, in a piece she wrote for Harper’s Bazaar in 2020. That philosophy is seemingly shared across generations, and now... more »

NRF: Retail sales increase in May 2023

Retail sales rose again in May as consumers continued to spend despite economic challenges, according to the National Retail Federation (NRF). The U.S. Census Bureau reported overall retail sales in May were up 0.3% from... more »

Consumers to spend record $22.9B for Father’s Day

Consumers will collectively spend a record-high $22.9 billion to celebrate Father’s Day this year, according to the annual survey released today by the National Retail Federation (NRF) and Prosper Insights & Analytics. Total expected spending... more »

Consumers to spend record $35.7B for Mother’s Day

Consumers plan to spend a total of $35.7 billion on Mother’s Day this year, nearly $4 billion more than last year’s record high of $31.7 billion, according to an annual survey released by the National... more »

NRF: 2023 retail sales to grow 4% to 6%

The National Retail Federation (NRF) forecasted that retail sales will grow between 4% and 6% in 2023. In total, NRF projects that retail sales will reach between $5.13 trillion and $5.23 trillion this year. “In... more »