NRF Economist Says 2023’s Consumer Spending Growth is ‘Not Necessarily Sustainable’ in 2024
Consumers spent more than expected amid high inflation and interest rates in 2023, but growth should slow in 2024.
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Forecasts
NRF Economist Says Full Effect of Federal Reserve’s Monetary Tightening Has Not Shown Up
Chief Economist Jack Kleinhenz says NRF’s 2023 retail sales forecast is the most difficult he has ever prepared.
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NRF Forecasts 2023 Retail Sales to Grow Between 4% and 6%
The NRF issued its annual forecast, anticipating that retail sales will grow between 4% and 6% in 2023.
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NRF Forecasts Annual Retail Sales to Grow Between 6 Percent and 8 Percent
The NRF issued its annual forecast, anticipating that retail sales will grow between 6 percent and 8 percent in 2022.
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NRF Says 2021 Holiday Sales Grew 14.1 Percent to Record $886.7 Billion
Retail sales grew 14.1 percent to a record $886.7 billion, beating NRF's forecast despite inflation and the pandemic.
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