Despite an increase in holiday spending, retailers are facing a financial crunch with an increase in holiday returns that will cost them more money. Holiday spending between Nov. 1 and Dec. 24 was up 8.5 percent in 2021, according to …
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Retailers Look for Ways to Combat Organized Theft
Theft and loss have always been a part of the retail landscape, but in the last several weeks, some major retailers have been the victim of organized theft rings. Both the Wall Street Journal and the New York Times have …
Read More »Inflation, Price Gains and Retail Sales All Jump in October
The month of October saw a jump in three leading consumer metrics—inflation, price gains and overall retail sales. According to the U.S. Labor Department Consumer Price Index for All Urban Consumers, inflation increased 0.9 percent in October, following a modest …
Read More »2021 Halloween Spending Expected to Top $10 Billion
Retailers can expect a sweet year for Halloween spending this year. The National Retail Federation (NRF) conducted its Annual 2021 Halloween Spending Survey and based on the results, is predicting that spending for the holiday will top $10 billion in …
Read More »NRF Expects Record-Breaking Back-to-School Spending in 2021
According to a National Retail Federation (NRF) back-to-school spending survey conducted by Prosper Insights & Analytics, consumers plan to spend record amounts for school and college supplies as families and students look to return to in-person classrooms this fall. “The …
Read More »Child Tax Credits Could Stimulate Retailers
Starting July 15, U.S. households with children will begin receiving monthly payments for each child in the household. Part of the American Rescue Plan, the child tax credits will put money into the hands of low and middle-income families to …
Read More »NRF Revises Forecast as Great Uncertainty Transforms Into Recovery
As retailers head into the second half of 2021, National Retail Federation (NRF) chief economist Jack Kleinhenz says the great uncertainty clouding the nation’s economic outlook earlier in the year has transformed into evidence of a recovery from the COVID-19 …
Read More »NRF Projects 2021 Retail Sales to Top $4.4T
The National Retail Federation (NRF) is upwardly revising its estimate on how much consumers will spend across retail sectors in 2021. The organization’s new estimate now stands at $4.4 trillion, and the NRF expects sales to grow between 10.5 and …
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