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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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Mother’s Day Jewelry Purchases Set to Rise
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The National Retail Federation (NRF) is predicting a 1.5% increase in US consumer spending on jewelry this Mother’s Day, despite financial pressures arising from COVID-19.Americans will shell out $5.27 billion on the category this year, compared...
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Retail
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Apr 26, 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 Braces for Extended Slowdown
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US imports of goods used in the retail industry fell to their lowest level in five years in March, signaling that the slowdown in consumer spending will likely extend to the second half of the year.“The COVID-19 pandemic is unraveling...
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Retail
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Apr 13, 2020
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Rapaport News
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Jewelry Groups Urge Govt. to Support Retailers
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Three jewelry groups have joined the National Retail Federation (NRF) in its efforts to help small US retailers obtain financial aid from the government during the coronavirus shutdown.Jewelers of America (JA), the Jewelers Vigilance...
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Retail
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Mar 26, 2020
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Rapaport News
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NRF Predicts Heavy Impact of Coronavirus
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The impact of the coronavirus on US retail supply chains may be larger than previously expected, as disruptions to transportation are likely to affect imports in March and April, the National Retail Federation (NRF) said.The NRF was already...
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Retail
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Mar 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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Coronavirus Impact May Reach US Retail
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US retail sales could face growth challenges in February as supply chains are impacted by shutdowns at Chinese factories due to the coronavirus epidemic, the National Retail Federation (NRF) said.Imports of goods from the mainland will see...
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Retail
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Feb 17, 2020
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Rapaport News
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Valentine’s Day Spending Set to Increase 32%
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US consumer spending on gifts is expected to increase 32% this Valentine’s Day, with jewelry topping the list at nearly $6 billion, according to the National Retail Federation (NRF). Consumers intend to lay out $27.4 billion on their loved...
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Retail
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Feb 02, 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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Online Spending Buoys Holiday Jewelry Sales
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Jewelry sales in the US rose nearly 2% during the holiday period amid strong growth in e-commerce purchasing. Online sales of jewelry rose 9% during the two-month period, according to data from Mastercard SpendingPulse, which tracked purchases...
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Retail
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Dec 26, 2019
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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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Holiday Season Gets Off to Solid Start
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The holiday season got off to a positive start over the five-day Thanksgiving weekend, with observers seeing record online sales.About 124 million people shopped in stores, while 142.2 million bought online during the...
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Retail
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Dec 04, 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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Young Shoppers to Drive Rise in Holiday Spending
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US consumers are planning to spend 4% more this holidayseason, as shoppers between the ages of 18 and 34 expand their circle of giftrecipients, according to the National Retail Federation (NRF). “Younger consumers are helping drive the spending increasethis...
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Retail
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Oct 27, 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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American Demand Drives Swiss Watch Exports
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Swiss watch exports rose 1.5% year on year to CHF 1.52 billion ($1.53billion) in August amid increased growth in US demand ahead of the September 1tariff hikes. “In the US, growth continued to increase regularly, makingit the...
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Retail
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Sep 19, 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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