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| Economic Review, Holiday Forecast, Winter Holidays, Economy
The impact of the pandemic on the nation’s economy will be a key factor in 2021 holiday sales but NRF is confident in its forecast for record growth, Chief Economist Jack Kleinhenz says.
| Holiday Forecast
The National Retail Federation forecasted that holiday sales during November and December will grow between 8.5 percent and 10.5 percent over 2020 to between $843.4 billion and $859 billion.
| Economy
As Congressional Democrats and the Biden Administration are negotiating a framework for the multitrillion-dollar reconciliation bill, the National Retail Federation is launching an advertising campaign to educate the public that despite the claims that the bill costs nothing, businesses and consumers will be paying for it.
| Winter Holidays, Consumer Trends
Consumers plan to spend $997.73 on gifts, holiday items and other non-gift purchases for themselves and their families this year, according to the annual survey released today by the National Retail Federation and Prosper Insights & Analytics.
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NRF and member companies will meet with senior U.S. and EU officials this week to discuss transatlantic data flows and additional EU e-commerce policy issues.
| Retail Sales, Economy, Supply Chain
Retail sales increased again in September as worries about the COVID-19 delta variant pushed consumer spending toward merchandise rather than services like dining, entertainment or travel despite supply chain disruptions and inflation, NRF said.
| Career Development
The National Retail Federation today issued the following statement from President and CEO Matthew Shay following NRF’s participation in today’s White House meeting with the business community, carriers, as well as labor and port representatives in order to find solutions to address supply chain challenges.
| Port Tracker, Supply Chain, Trade, Economy, Forecasts
Imports at the nation’s largest retail container ports should remain at near-record levels this month but could see a slight dip from last year’s unusually high numbers as congestion slows the movement of backed-up cargo, according to the monthly Global Port Tracker report from NRF and Hackett Associates.
| Economy, Supply Chain
The National Retail Federation today issued the following statement from Senior Vice President of Government Relations David French in response to United States Trade Representative Katherine Tai’s announcement on the Biden administration’s China trade policy.
| Economic Review, Retail Sales, Annual Forecast, Economy, Supply Chain
Despite falling consumer confidence numbers amid the recent rise in COVID-19 infections, NRF Chief Economist Jack Kleinhenz says shoppers are continuing to spend.