NRF


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NRF 2024 retail sales forecast calls for growth
NRF is pegging 2024 retail sales to increase between 2.5%-to-3.5% to between $5.23 trillion and $5.28 trillion. Should this forecast come to fruition, NRF said that it would top 2023 retail sales, which rose 3.6% to $5.1 trillion.

January retail sales numbers are mixed to begin 2024
Commerce reported that January retail sales, at $700.3 billion, were off 0.8% compared to December and up 0.6% compared to January 2023. NRF reported that January’s core retail sales, which it bases on Census data and excludes automobile dealers, gasoline stations, and restaurants, fell 0.8%, from December to January, while increasing 2.8% annually.

October retail sales are mixed based on Commerce and NRF data
Commerce reported that total October retail sales, at $705.0 billion, were off 0.1% compared to September and posted a 2.5% annual gain. NRF reported that October retail sales, which does not include automobile dealers, gasoline stations, and restaurants, increased 3.1% annually on an unadjusted basis on a three-month moving average through October, while posting a 3.7% annual gain through the first ten months of 2023.

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Retail sales see slight August gains, reports Commerce and NRF
Commerce reported that total August retail sales, at $697.6 billion, were up 0.6% from July to August, and were up 2.5% annually. Total retail sales, from June through August, saw a 2.2% annual increase, it noted. NRF’s calculation of retail sales – which excludes automobile dealers, gasoline stations and restaurants to focus on core retail – showed August was up 0.1% seasonally adjusted from July and up 3.3% unadjusted year over year. In July, sales were up 0.7% month over month and also up 3.3% year over year.  

April retail sales see gains
Commerce reported that April retail sales—at $686.1 billion—were up 0.4% compared to March and were up 1.6% annually. And from February through April, it said retail sales increased 3.1% compared to the same period a year ago. NRF reported that April retail sales, which does not include automobile dealers, gasoline stations, and restaurants, were up 0.6% over March and were up 2% on an unadjusted basis annually. And on a three-month moving average through April, NRF said that retail sales were up 3.7% annually on...

January retail sales data is strong to begin 2023
Commerce reported that January retail sales—at $697.0 billion—were up 3% compared to January and up 6.4% annually. NRF reported that its calculation of retail sales, which excludes automobile dealers, gasoline stations, and restaurants to focus on core retail, saw January increase 1.5% compared to December and a 4.8% increase on an unadjusted basis annually.

December retail sales are mixed to end 2022, notes Commerce and NRF
Commerce reported that December retail sales—at $677.1 billion—fell 1.1% compared to November, while posting a 6.0% annual gain, and NRF reported that December retail sales were off 0.6% on seasonally-adjusted basis compared to November and were up 5% on an unadjusted basis annually.

NRF’s holiday sales forecast optimistic, amid economic concerns
The holiday sales forecast numbers are encouraging, with NRF forecasting holiday retail sales for increase 6%-to-8% annually, coming in between $942.6 billion-to-$960.4 billion. In 2021, retail sales were up 13.5% compared to 2020, due likely to the timing of the pandemic in 2020, at $899.3 billion, setting a new all-time record. What’s more, it said that over the last 10 years, holiday retail sales have seen an average increase of 4.9%, with the caveat that pandemic-related spending over the last couple of years represented a large portion...

September retail sales steady, report Commerce and NRF
Commerce reported that September retail sales—at $684 billion—were flat compared to August while posting an 8.2% annual gain, and NRF said that in its calculation of retail sales, which excludes automobile dealers, gasoline stations, and restaurants, to focus on core retail, pointed to September retail sales increasing 0.3% over August and...

NRF and Commerce data points to retail sales growth in August
Commerce reported that August retail sales—at $683.3 billion—rose 0.3% compared to July. NRF said that in its calculation of retail sales, which excludes automobile dealers, gasoline stations, and restaurants, to focus on core retail, pointed to August retail sales increasing 0.1% over July and up 8% on an unadjusted basis annually.

April retail sales are strong, reports Commerce and NRF
Commerce reported that April retail sales—at $677.7 billion—saw a 0.9% increase over March and an 8.2% annual gain. It also noted that total retail sales, from February 2022 through April 2022, increased 10.8% compared to the same period a year ago. Based on its Commerce’s data, retail sales have seen annual gains every month going back to March 2020. NRF said that in its calculation of retail sales, which excludes automobile dealers, gasoline stations, and restaurants, to focus on core retail, pointed to sales...

March retail sales post gains, despite inflation, according to Commerce and NRF data
Commerce reported that March retail sales—at $665.7 billion—rose 0.5% compared to February and were up 6.9% annually. NRF said that in its calculation of retail sales, which excludes automobile dealers, gasoline stations, and restaurants, to focus on core retail, pointed to sales being flat on a seasonally adjusted basis from February, while rising 4% on an unadjusted basis annually, with sales off 0.7% sequentially and up 13.2% annually.

October retail sales see strong gains, U.S. Dept. of Commerce and NRF figures show
Commerce reported that October retail sales came in at $638.2 billion, marking a 1.7% increase over September’s revised $627.5 billion and a 16.3% annual gain. And it added that total retail sales, from August through October, rose 15.4%.

NRF is expecting a record holiday retail sales season
NRF stated that a record year could be on tap for 2021 holiday retail sales (NRF defines holiday sales as sales from November 1-December 31, excluding automobile dealers, gasoline stations, and restaurants), projecting an increase between 8.5%-to-10.5%, coming in between $843.4 billion and $859 billion.


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