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 »

NRF: Imports expected to slowly climb through mid-summer

Import cargo volume at U.S. major container ports is expected to begin slowly climbing again in March after February saw one of the lowest levels since the beginning of the pandemic, according to the Global... more »

NRF: Retail sales pick up in January 2023

Retail sales bounced back strongly in January as inflation eased and income grew, according to the National Retail Federation (NRF). “Despite inflationary headwinds, January retail sales show the resiliency of consumers in how they manage... more »

NRF: 2022 holiday sales grew 5.3% to $936.3B

Retail sales during 2022’s November-December holiday season grew 5.3% over 2021 to $936.3 billion, falling short of the National Retail Federation’s (NRF) forecast amid continuing inflation and high interest rates, NRF reported. While holiday growth... more »

Record 158 million shoppers expected during Super Saturday

More than 158 million consumers are expected to shop on the last Saturday before Christmas this year, according to the annual consumer survey released today by the National Retail Federation (NRF) and Prosper Insights &... more »

GDP growth slows, but consumer spending remains positive

Gross domestic product isn’t likely to grow as much in the final months of 2022 as it did in the third quarter, but consumer spending should remain strong even though its rapid pace is continuing... more »

Record number of consumers shop over Thanksgiving weekend

A record 196.7 million Americans shopped in stores and online during the five-day holiday shopping period from Thanksgiving Day through Cyber Monday, according to the annual survey released by the National Retail Federation (NRF) and... more »

NRF forecasts record holiday retail sales in 2022

The National Retail Federation (NRF) is forecasting record holiday sales this year, with 46% of consumers saying they’ve already began shopping due to concerns about inflation and getting the best deals. Additionally, about 25% plan... more »