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NRF President and CEO Matthew Shay

Retail sales in January show strong gains

Retail sales in January show strong gains

WASHINGTON – Retail sales started strong in 2024, according to figures released Monday by the National Retail Federation. Sales in January nearly matched December’s holiday spending and rose significantly year over year, according to the CNBC/NRF Retail Monitor, powered by Affinity Solutions. “January sales continued the strong performance of retail sales in December, which is

NRF: Retail Sales Increased Again in May

NRF: Retail Sales Increased Again in May

WASHINGTON – Retail sales rose again in May as consumers continued to spend despite economic challenges, the National Retail Federation said on Thursday. “Consumers continued to spend on household priorities in May, supported by gains in the job market and wages,” NRF President and CEO Matthew Shay said. “Retailers recognize the ongoing pressure on cost-sensitive

NRF says retail sales rose in April

NRF says retail sales rose in April

WASHINGTON – Retail sales bounced back in April, the National Retail Federation said Tuesday, noting that sales increased both month-over-month and year-over-year. “Retail sales rebounded in April, reflecting consumer resilience in the face of elevated economic uncertainty,” NRF President and CEO Matthew Shay said. “Moderating price levels, continued labor market strength and wage gains have

NRF: Thanksgiving weekend drew 196.7 million shoppers

NRF: Thanksgiving weekend drew 196.7 million shoppers

WASHINGTON – 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 today by the National Retail Federation and Prosper Insights & Analytics. The total number of shoppers grew by nearly 17 million from 2021 and is

NRF: Big Thanksgiving weekend crowds expected

NRF: Big Thanksgiving weekend crowds expected

WASHINGTON – An estimated 166.3 million people are planning to shop from Thanksgiving Day through Cyber Monday this year, according to the annual survey released today by the National Retail Federation and Prosper Insights & Analytics. This figure is almost 8 million more people than last year and is the highest estimate since NRF began

Retail sales showed strong gains in January

Retail sales showed strong gains in January

WASHINGTON – The omicron variant, inflation and bad weather in much of the country were not enough to stop consumers from shopping in January, the National Retail Federation reported on Wednesday. Retail sales posted strong gains in January despite those and other challenges. “January’s numbers show that 2022 is starting very strong for consumers and

Valentine’s Day spending to hit $23.9 billion

Valentine’s Day spending to hit $23.9 billion

WASHINGTON  – Valentine’s Day spending is expected to reach $23.9 billion this year, up from $21.8 billion in 2021 and the second-highest year on record, according to the annual survey released today by the National Retail Federation and Prosper Insights & Analytics. “Following the historic level of consumer spending over the winter holidays, it appears

NRF: Holiday sales hit a record $886.7 billion

NRF: Holiday sales hit a record $886.7 billion

WASHINGTON – Retail sales for the 2021 holiday season totaled $886.7 billion, up 14.1% over 2020 and easily beating the National Retail Federation’s forecast, the retail trade group said on Friday. That number, which includes $218.9 billion in online and other non-store sales (up 11.3%) but excludes sales at automobile dealers, gasoline stations and restaurants,

NRF foresees busy Thanksgiving weekend for retailers

NRF foresees busy Thanksgiving weekend for retailers

WASHINGTON – Nearly 2 million more people than last year are expected to shop from Thanksgiving Day through Cyber Monday this year, according to a survey released Wednesday by the National Retail Federation and Prosper Insights & Analytics. “We’re expecting another record-breaking holiday season this year and Thanksgiving weekend will play a major role as

NRF predicts record holiday retail sales

NRF predicts record holiday retail sales

WASHINGTON – This year’s holiday spending has the potential to shatter previous records, the National Retail Federation said Wednesday, forecasting that holiday sales during November and December will grow between 8.5% and 10.5% over 2020 to total between $843.4 billion and $859 billion. The numbers (which exclude automobile dealers, gasoline stations and restaurants) suggest that

Retail sales rebound in June

Retail sales rebound in June

WASHINGTON — Retail sales grew in June after dipping month-to-month in May, in a sign that the industry is benefiting from an improving economy. Retail sales rose 0.6% in June, according to the U.S. Commerce Department, which also revised data for May to show sales falling 1.7% instead of declining 1.3% as previously reported. Many

Walmart’s John Furner talks about retail’s future

Walmart’s John Furner talks about retail’s future

NEW YORK — When he was asked almost a year ago what pandemic-related changes in consumer behavior would likely stick around once things returned to normal, Walmart U.S. president and CEO John Furner said it was too soon to tell. So when National Retail Federation president and CEO Matthew Shay interviewed Furner on Monday, during

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