Recent data released by the U.S. Census Bureau reveals a slow down of retail sales in January following a strong holiday season, according to Jack Kleinhenz, National Retail Federation (NRF) Chief Economist. Despite the slow month at the beginning of …
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Holiday Retail Sales Surpass NRF Forecasts
Retail sales during the 2024 holiday season grew 4% from 2023 to $994.1 billion, an unexpectedly high increase, says the National Retail Foundation (NRF). This number surpassed NRF’s forecast for 2024, which was that 2024 holiday sales would increase between …
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