economy

Thanksgiving weekend draws a record 203M shoppers

A record 202.9 million consumers shopped during the five-day holiday weekend from Thanksgiving Day through Cyber Monday, according to the annual consumer survey released today by the National Retail Federation (NRF) and Prosper Insights &... more »

US consumer confidence drops sharply in November

The Conference Board Consumer Confidence Index declined by 6.8 points in November to 88.7 (1985=100) from 95.5 in October. The Present Situation Index — based on consumers’ assessment of current business and labor market conditions... more »

NRF: 2025 holiday retail sales to surpass $1 trillion for the first time

In its annual holiday forecast, the National Retail Federation (NRF) predicts retail sales in November and December will grow between 3.7% and 4.2% over 2024. That translates to total 2025 holiday retail sales between $1.01... more »

Thanksgiving weekend sees 197M shoppers, marks second-highest in history

The five-day holiday weekend from Thanksgiving through Cyber Monday saw an estimated 197 million shoppers, according to the annual survey released by the National Retail Federation (NRF) and Prosper Insights & Analytics. [caption id="attachment_90479" align="alignright"... more »

NRF: Steady sales growth expected for 2024 holiday season

The National Retail Federation (NRF) forecasted that 2024 holiday spending is expected to grow between 2.5% and 3.5% over 2023. That equates to between $979.5 billion and $989 billion in total holiday spending in November... more »

NRF: US households have the ‘underpinnings to spend’

Retail sales continued to grow in August, fueled by rising wages amid falling inflation, said Jack Kleinhenz, chief economist of the National Retail Federation (NRF). “These numbers show the continued resiliency of the American consumer,”... more »