The National Retail Federation calculates monthly retail sales figures that exclude automobiles, gasoline stations and restaurants.
NRF forecasts retail sales will grow 3.5 percent to 4.1 percent
NRF forecasts that retail sales during 2020 will increase between 3.5 percent and 4.1 percent to more than $3.9 trillion
January retail sales grew 2.7 percent over last year
January retail sales increased 0.2 percent over December and 2.7 percent year-over-year, according to NRF.
Confident consumers and broader buying lead to record Valentine's Day spending plans
Coming off a strong holiday season, Americans are expected to set another record for Valentine’s Day spending this year.