by Jacob Musselman | Nov 8, 2023 | Industry News
Jack Kleinhenz, National Retail Federation (NRF) chief economist, says this year could be another record year for holiday sales. “The last few holiday shopping seasons have been filled with unmatched peculiarities for consumers and retailers alike,” Kleinhenz says. ...
by Jacob Musselman | Nov 7, 2023 | Industry News
$966.6 billion. That amount is how much the National Retail Federation (NRF) forecasts will be spent on gifts and decorations from November 1 to December 31, a 3-4% increase from 2022. NRF’s holiday forecast is based on economic modeling that considers...
by Lindsey Thompson | Jan 18, 2022 | Industry News, Operational Insights
The National Retail Federation (NRF) released the holiday spending numbers for 2021, which grew 14.1 percent over 2020. Holiday spending topped $886.7 billion, blowing NRF’s forecast, which was a growth of 11.5 percent, out of the water. The increase comes in light of...
by Lindsey Thompson | Sep 15, 2021 | Industry News, Operational Insights
The holidays are just around the corner, and many retailers are already anticipating what this year’s holiday shopping season will hold with COVID still affecting consumer spending. According to Mastercard SpendingPulse, which forecasts consumer buying trends,...
