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US Economy Won’t Recover Fully Until ‘Late 2021’
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The US economy is not expected to return to pre-pandemic levels until at least the latter end of the year, according to the National Retail Federation (NRF).“As we closed out 2020, it was an end to a whirlwind year whose challenging economic...
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Retail
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Jan 05, 2021
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Rapaport News
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Sales Will Rise This Holiday, Retail Group Predicts
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The National Retail Federation (NRF) has forecast strong growth in US holiday sales, as consumers look for something to celebrate even as coronavirus cases rise.Retail sales in November and December are forecast to advance 3.6% to 5.2% year...
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Retail
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Nov 24, 2020
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Rapaport News
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Early Holiday Shopping Boosts US Retail Sales
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October marked the sixth straight month of US retail sales increases as consumers did their holiday shopping early, noted the National Retail Federation (NRF).Overall retail sales grew 5.7% compared to the same period last...
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Retail
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Nov 18, 2020
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Rapaport News
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US Retail Sales on Recovery Path
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US retail sales rose in September, marking the fourth straight month of year-on-year gains, and nearly doubling August’s increase, government data showed.Overall retail sales grew 5.4% compared to the same period last year, and...
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Retail
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Oct 18, 2020
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Rapaport News
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US Retail Sales Continue Rebound in August
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US retail sales rose in August for the fourth consecutive month, though the rate of growth slowed from July, government data showed.Overall retail sales increased 2.6% compared to the same period last year, and...
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Retail
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Sep 17, 2020
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Rapaport News
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US Retail Sales Increase in July
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US retail sales recorded their third consecutive rise in July, government data showed, as stores gradually resumed operations and devised ways of serving customers during the pandemic.Revenues of $536 billion for the month were 1.2%...
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Retail
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Aug 16, 2020
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Rapaport News
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July Figures Cast Cloud over US Retail Recovery
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The US retail outlook is declining after the country’s economic recovery slowed in July amid a resurgence of coronavirus cases, according to the National Retail Federation (NRF). “A lack of clarity regarding job outlook and future finances tends...
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Retail
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Aug 06, 2020
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Rapaport News
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US Retailers Encouraged by June Increase
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June saw the first year-on-year sales growth for US retailers since the beginning of 2020 as more businesses emerged from lockdown, according to government data.Revenue for the month grew 1.1% over the same period...
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Retail
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Jul 19, 2020
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Rapaport News
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US Retail Sales Rebound in May
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US retail sales began a strong recovery in May as businesses started to reopen and consumers returned to spending, according to government data.While revenues slipped 6% year on year, they rose 18% compared to April, which had posted a record-setting 15%...
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Retail
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Jun 17, 2020
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Rapaport News
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US Retail Sales Drop Heavily in April
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The decline in US retail sales intensified in April as COVID-19 forced stores to shut, according to data the National Retail Federation (NRF) reported.Revenues plunged 22% year on year, and fell 16% compared to March, which had already...
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Retail
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May 17, 2020
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Rapaport News
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US Retail Recovery Will Take Time, NRF Says
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US retail demand will recover slowly, with economic growth expected to bounce back in the second half of the year, according to the National Retail Federation (NRF).“Getting back to work or shopping in a pre-virus manner is difficult to predict at this...
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Retail
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May 11, 2020
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Rapaport News
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US Retail Sales See Record Decline
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US retail sales saw the largest monthly drop ever recorded, as stores were ordered to shut down amid the COVID-19 pandemic.Total purchases fell 6% year on year in March, and 9% compared to February, according to data the National...
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Retail
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Apr 16, 2020
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Rapaport News
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US Retail to Grow in 2020, NRF Predicts
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US retail sales will grow 3.5% to 4.1% this year, despite trade tensions and the spreading coronavirus epidemic, according to the National Retail Federation (NRF).“The nation’s record-long economic expansion is continuing, and consumers remain...
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Retail
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Feb 27, 2020
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Rapaport News
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Holiday Sales Rise Amid Positive Sentiment
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US retail sales increased 4.1% during the recent holiday season amid steady consumer confidence, the National Retail Federation (NRF) said.Total sales for the November-to-December period were $730.2 billion, according to the NRF,...
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Retail
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Jan 20, 2020
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Rapaport News
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Strong November Sales Kick Off Season
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US retail sales rose in November as consumer sentiment was strong at the start of the holiday season, the National Retail Federation (NRF)said. Total purchases for November — excluding automobiles, gasoline andrestaurants — rose 0.1% compared to the...
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Retail
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Dec 15, 2019
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Rapaport News
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US Retail Sales Rise Ahead of Holidays
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US retail sales showed “particularly impressive” growth inOctober as shoppers prepared for the upcoming holiday season, according to the National Retail Federation (NRF). Total purchases for October — excluding automobiles,gasoline and restaurants — rose 0.2%...
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Retail
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Nov 17, 2019
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Rapaport News
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US Consumer Spending Dips
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US retail sales stalled between Augustand September, indicating that consumer confidence may be waning in light ofthe escalating trade war. Total purchases for September —excluding automobiles, gasoline and restaurants — dipped 0.1% compared to theprevious...
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Retail
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Oct 17, 2019
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Rapaport News
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NRF Predicts Rise in Holiday Sales
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The National Retail Federation (NRF) has forecast a strong risein US holiday sales, as a healthy economy outweighs tariff fears in the shortterm.Retail sales in November and December are expected toadvance 3.8% to 4.2% year on year, for...
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Retail
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Oct 06, 2019
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Rapaport News
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US Retail Revenue Robust Ahead of Tariff Hike
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US retail sales rose in August, even as consumer confidence slipped slightly from the previous month amid the escalating trade war. Total sales — excluding automobiles, gasoline andrestaurants — rose 0.4% compared with July and...
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Retail
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Sep 16, 2019
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Rapaport News
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US Consumer Spending Robust Amid Trade War
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US retail sales increased in July, as consumer confidence remained strong despite fears over the escalating trade war. Total purchases— excluding automobiles, gasoline andrestaurants — rose 0.9% compared with June sales and 5.6% year...
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Retail
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Aug 22, 2019
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Rapaport News
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