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. [...]
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 [...] [...]
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, [...] [...]
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 [...] [...]
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 [...] [...]
The National Retail Federation says a value-added tax proposed to reduce the federal deficit could result in the loss of 850,000 jobs in the first yer, reduce gross domestic product for three years and bring a permanent drop in retail spending total $2.5 trillion during the first ten years. The doom and gloom from the [...] [...]
After a ho-hum 2009 and a disastrous 2008, holiday retail sales are expected to increase 2.3 percent this year to $447.1 billion, the National Retail Federation reports. While that growth remains slightly lower than the 10-year average holiday sales increase of 2.5 percent, it would be a marked improvement from both last year’s 0.4 percent [...] [...]
Consumers continue to behave cautiously when it comes to spending – even on necessities – with more saying they’ve held out for promotions and discounts when shopping for school supplies. A National Retail Federation report indicated 17 percent of families with school-age children said 100 percent of their purchases were influenced by bargains and coupons, [...] [...]
Back to school spending is expected to reach $55.12 billion, making it the second biggest consumer spending event for retailers behind the winter holidays. Spending is expected to increase slightly from 2009 and 2008 levels, according to the National Retail Federation. But the economy still will play a role – more parents will buy more [...] [...]
Fewer people will buy graduation gifts this year – but everyone who does will spend a little more. The National Retail Federation says gift givers will buy for an average of two graduates this year, spending an average of $89.95 on gifts, up slightly from $88.01 last year. Total graduation spending is expected to reach [...] [...]