by Lindsey Thompson | Jun 6, 2022 | Industry News, Operational Insights
While the unemployment rate remained unchanged at 3.6% in May, 390,000 jobs were added to the U.S. economy even in light of increasing inflation, ongoing supply chain issues and predictions of an upcoming recession. The number of jobs added in May was down from the...
by Lindsey Thompson | Mar 21, 2022 | Industry News, Operational Insights
The National Retail Federation (NRF) released its annual forecast, predicting a 6 to 8 percent growth in U.S. retail sales to more than $4.86 trillion in 2022. Nonstore and online sales year-over-year, which are included in the total figure, are expected to grow...
by Lindsey Thompson | Feb 22, 2022 | Industry News, Trends & Products
Even in light of the COVID-19 omicrpdron variant, inflation and continuing supply chain and labor issues, retail sales jumped in January, according to numbers from the U.S. Census Bureau. Overall retail sales in January were up 3.8 percent seasonally adjusted from...
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 | Dec 1, 2021 | Industry News
According to the National Retail Federation (NRF), 180 million Americans shopped during the five-day holiday spending period from Thanksgiving Day through Cyber Monday. When compared to the 186 million shoppers in 2020 and 190 million in 2019, the deceleration has...
