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NRF: Winter weather affects retail spending

NRF: Winter weather affects retail spending

Consumers leveled off post-holiday shopping and spending in the beginning of the year due in part to severe winter weather in much of the country. According to the National Retail Federation – the world largest retail trade association – January retail sales (excluding automobiles, gas stations and restaurants) were flat seasonally adjusted month-to-month yet increased… Continue Reading NRF: Winter weather affects retail spending

Retail study shows effects of fraud in U.S.

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Retail study shows effects of fraud in U.S.

A study by the National Retail Federation recently found that return fraud–which it cites as a serious but misunderstood source of retail loss–will account for nearly $8.8 billion in fraud this year. According to the NRF’s Return Fraud Survey, nearly 6 percent of holiday returns are fraudulent and account for $3.4 billion. “While coverage of… Continue Reading Retail study shows effects of fraud in U.S.

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More Americans to rush in for Cyber Monday deals

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More Americans to rush in for Cyber Monday deals

Although many Americans spent Thanksgiving and Black Friday shopping, a National Retail Federation study predicts that another 131 million customers will go online today for Cyber Monday deals — 19 percent of whom will use mobile devices to do so. “Despite record-breaking online shopping Thanksgiving Day and Black Friday, holiday shoppers aren’t done yet; we… Continue Reading More Americans to rush in for Cyber Monday deals

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Consumer spending and retail sales ended the second quarter on a soft note, indicating that economic growth is weaker than expected. According to the National Retail Federation, a retail trade association, June sales increased 0.6 percent from May and 3 percent from the previous year. “Consumers remain wary,” NRF President and CEO Matthew Shay. “Even… Continue Reading Second-quarter retail sales show slower economic growth

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NRF predicts modest sales growth in 2013

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Retail industry sales will increase 3.4 percent in 2013, according to the National Retail Federation’s economic forecast. That’s less than the 4.2 percent increase seen in 2012, but the subdued forecast comes on the heels of a holiday season that had to compete with political wranging about the fiscal cliff. In the end, holiday sales… Continue Reading NRF predicts modest sales growth in 2013

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March retail numbers boosted by weather

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Thanks to an earlier Easter holiday and unseasonably warm weather, retailers in March saw solid sales growth, according to figures from the National Retail Federation. Continue Reading March retail numbers boosted by weather

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NRF revises forecast for merrier holiday sales

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Looks like the holiday will be even jollier than first thought – at least for the nation’s retailers. The National Retail Federation has revised its holiday forecast upward, expecting holiday sales to rise to 3.8 percent this year. The overall forecast is a record $469.1 billion in sales. NRF’s initial forecast called for anticipated sales… Continue Reading NRF revises forecast for merrier holiday sales

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Halloween spending to top $6.8 billion

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Halloween – it’s not just for kids anymore. Adults are spending more on the holiday than ever before – dressing up like zombies and vampires, vixens and nurses. It’s grown into the second most popular holiday of the year, according to the National Retail Federation. Americans are expected to spend $6.86 billion on Halloween costumes,… Continue Reading Halloween spending to top $6.8 billion

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Little growth in retail sales for August

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One word describes retail sales in August: lackluster. Despite back-to-school sales events, retail sales only increased .1 percent from July. But compared with last August, sales were up 6 percent, said the National Retail Federation, an industry group. “Consumer spending in August was tempered by a continued lack of confidence in the strength of our… Continue Reading Little growth in retail sales for August

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Fewer plan on saving tax refunds

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As the economy improves, fewer people are interested in saving their tax returns for a rainy day. According to the National Retail Federation, 13.2 percent plan to use their refunds for a major purchase – televisions or new furniture. That’s a slight increase from last year’s 12.5 percent. But the majority of people are still… Continue Reading Fewer plan on saving tax refunds

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