Latest posts about National Retail Federation
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NRF 2024 retail sales forecast calls for growth
March 21, 2024
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.
October retail sales are mixed based on Commerce and NRF data
November 15, 2023
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.
Mild gains for September retail sales, Commerce and NRF data show
October 17, 2023
Commerce reported a gain of 0.7% over August, while NRF sales data increased 0.5% on a seasonally-adjusted basis over August.
NRF announces acquisition of Reverse Logistics Association
September 7, 2023
Acquiring RLA seen as part of NRF's unrivaled commitment to support sustainable practices throughout the retail industry.
Retail sales up in June, report Commerce and NRF
July 18, 2023
Commerce reported that June retail sales rose 0.2% over May, while NRF's data, which excludes automobile dealers, gasoline stations, and restaurants, was up 0.4% from May to June.
NRF’s holiday sales forecast optimistic, amid economic concerns
November 4, 2022
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...
March retail sales post gains, despite inflation, according to Commerce and NRF data
April 14, 2022
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.
Retail sales for 2022 start on strong footing even with challenges, note Commerce and NRF
February 16, 2022
U.S. retail sales began 2022 where 2021 ended—with solid growth—despite issues posed by Omicron variant and high levels of inflation, according to data respectively issued today by the United States Department of Commerce and the National Retail Federation (NRF).
NRF is expecting a record holiday retail sales season
October 28, 2021
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.
Buoyed by solid economic momentum, March retail sales are solid, reports Commerce and NRF
April 15, 2021
Commerce reported that March retail sales—at $619.1 billion—were up 9.8% compared to February, while rising 27.7% annually, and the National Retail Federation reported that its calculation of March retail sales, which excludes automobile dealers, gasoline stations, and restaurants, pointed to a 7.4% seasonally-adjusted increase, from February, and a 17.7% unadjusted annual gain.
January retail sales start 2021 off strong, reports Commerce and NRF
February 17, 2021
Commerce reported that January retail sales—at $568.2 billion—were up 5.3% compared to December and were up 7.4% annually, and NRF reported that its calculation of January retail sales, which excludes automobile dealers, gasoline stations, and restaurants, pointed to a 5.9% gain, for the month, on a seasonally-adjusted basis compared to December and were up 10.7% annually on an unadjusted basis.
October retail sales stay on solid track, reports Commerce and NRF
November 17, 2020
Commerce reported that total October retail sales—at $553.3 billion—were up 0.3% over September and were up 5.7% annually. And NRF’s retail sales data, which excludes automobile dealers, gasoline stations, and restaurants, pointed to October retail sales being up 0.2% on a seasonally-adjusted basis compared to September, with a 10.6% unadjusted annual gain.
Retail sales see solid increases in September, notes Commerce and NRF
October 16, 2020
Commerce reported that total September retail sales—at $549.3 billion—were up 1.9% over August and were up 5.4% annually. And NRF pointed to September retail sales, which were paced by apparel, continuing a V-shaped recovery from the pandemic, with sales growing for the fourth consecutive month.
NRF and Dept. of Commerce report October retail sales gains
November 15, 2019
Commerce reported that October retail sales, at $526.5 billion, were up 0.3% compared to September and up 3.1% annually. NRF reported that October retail sales were up 0.2% from September to October on a seasonally adjusted basis and up 4.2% on an unadjusted basis.
Commerce and NRF report July retail sales growth
August 15, 2019
Commerce reported July retail sales, at $523.5 billion, were up 0.7% over June and up 3.4% annually. NRF reported July retail sales increased 0.9% on a seasonally adjusted basis and 5.6% on an unadjusted annual basis.