WASHINGTON - (BUSINESS WIRE) - The National Retail Federation issued the following statements from President and CEO Matthew Shay and Chief Economist Jack Kleinhenz on the June employment numbers,...
Strong November Sales, Expected December Spending Lead to Revision With just 10 days until Christmas, the National Retail Federation has revised its holiday forecast upward, expecting holiday sales to rise 3.8 percent this year to a record $469.1 billion. NRF's initial forecast, announced on October 6, called for anticipated sales growth of 2.8 percent. While a 3.8 percent sales increase is considerably above the ten-year average sales increase of 2.6 percent, it is still lower than the 5.2 percent increase the retail industry saw last year. "After strong sales reports in October and November, along with a successful Black
WASHINGTON — Warm weather, lower gas costs and strong Father's Day promotions apparently put consumers in a spending mood in June, boosting retail sales for the 12th consecutive month and surpassing many analysts' expectations, according to the National Retail Federation. Retail industry sales — which exclude automobiles, gas stations and restaurants — in June increased 0.3% seasonally adjusted from May, and 5.5% unadjusted year-over-year, according to NRF. "A solid year of growth in sales provides further evidence that retailers continue to lead the charge in the economic recovery," stated NRF president and CEO Matthew Shay. "While spending continues to