NRF Economist Says U.S. Recession Unlikely and Expects Slight Growth in 2023
A recession is unlikely and the economy should see slight growth in 2023, NRF Chief Economist Jack Kleinhenz says.
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Retail sales
NRF Says 2022 Holiday Sales Grew 5.3% to $936.3 Billion
2022 holiday sales grew 5.3% over 2021 to $936.3 billion, falling short of NRF's forecast, but annual sales grew 7%.
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First Half of Holiday Season Shows Strong Year-Over-Year Results Despite Monthly Drop
November dipped from early holiday shopping in October but still saw year-over-year growth.
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2022 Retail Returns Rate Remains Flat at $816 Billion
National Retail Federation and Appriss Retail released a report finding retail returns remained flat in 2022.
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NRF Says GDP Growth is Slower But Consumer Spending Remains Positive
GDP isn’t likely to grow as much in the fourth quarter as the third, but consumer spending should remain strong.
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