NRF, Ascential PLC Form Global Partnership

nrf1The National Retail Federation and Ascential PLC, parent company of the World Retail Congress, entered a global partnership. The partnership will leverage the strengths of each group to help continue to provide their shared audiences with insight, networking opportunities, intelligence, and more in the years ahead.

Between NRF’s Retail’s Big Show and Shop.org and Ascential’s annual World Retail Congress, the two organizations host the premiere retail forums each year. The announcement was made by Shay and WRC Chairman Ian McGarrigle at Ascential’s Retail Congress Asia-Pacific conference in Hong Kong.

The partnership is supported at the highest levels of both organizations.

NRF Forecasts Holiday Sales to Increase Between 3.6 and 4 Percent

nrf1The National Retail Federation (NRF) expects holiday retail sales in November and December—excluding automobiles, gasoline and restaurants—to increase between 3.6 and 4 percent for a total of $678.75 billion to $682 billion, up from $655.8 billion last year. [Read more...]

Retail Sales Down Slightly in August from July But Up Over 2016, NRF Reports

nrf1Retail sales in August decreased 0.2 percent from July on a seasonally adjusted basis, according to the National Retail Federation. August sales increased 3.7 percent unadjusted year-over-year. The numbers exclude automobiles, gasoline stations, and restaurants. Year-over-year growth was up 3.4 percent on a three-month moving average. [Read more...]

NRF Says Parents Are Holding Off Back-to-School Shopping

NRFThe average family with children in grades K-12 had completed only 45 percent of their shopping as of early August, according to the National Retail Federation’s annual survey conducted by Prosper Insights & Analytics. The number is down from a peak of 52 percent at the same time in 2013 and 48 percent last year, and the lowest level since 40 percent in 2012.   [Read more...]

NRF Says Imports Hitting Monthly and Annual Records

nrf1Boosted by continuing sales growth, August is expected to be the busiest month on record for imports at the nation’s major retail container ports, and 2017 is on track to set a new annual high, according to the monthly Global Port Tracker report released today by the National Retail Federation and Hackett Associates.  [Read more...]

NRF Survey Says Retail Shrink Increased to $48.9 Billion in 2016

NRFThefts from retailers and other inventory “shrink” grew to $48.9 billion in 2016 from $45.2 billion the year before even as budget constraints left retail security budgets flat or declining, according to the annual National Retail Security Survey released today by the National Retail Federation and the University of Florida. The thefts amounted to 1.44 percent of sales, up from 1.38 percent. [Read more...]

Late Easter Expected to Bring Record Spending, NRF Says

NRFU.S. consumers will spend more than ever as the Easter holiday is nearly three weeks later this year than last, according to the National Retail Federation (NRF). According to NRF’s annual survey conducted by Prosper Insights & Analytics, spending for Easter is expected to reach $18.4 billion, up 6 percent over last year’s record $17.3 billion and a new all-time high in the survey’s 14-year history. Those celebrating plan to spend an average of $152 per person, up 4 percent from last year’s previous record of $146. [Read more...]

Halloween Spending to Reach $8.4 Billion, Highest in Survey History, NRF Says

4f2c4489-dd83-44c0-8e20-9c0c2902cdceAccording to the National Retail Federation’s annual survey conducted by Prosper & Analytics, total spending for Halloween is expected to reach $8.4 billion, an all-time high in the survey’s history.

U.S. consumers are expected to spend an average of $82.93, up from last year’s $74.34, with more than 171 million Americans planning to partake in Halloween festivities this year. [Read more...]

NRF Says Retailers Should Expect Increase in Consumer Spending to Continue

nrf1With increases in consumer spending expected to remain solid during the remainder of the year, the National Retail Federation (NRF) says retail sales for 2016 are now expected to grow 3.4 percent over last year, rather than the 3.1 percent forecasted earlier. Online and other non-store sales, which are included in the overall figure, are expected to increase 7 to 10 percent year-over-year rather than the 6 to 9 percent forecast earlier. [Read more...]

NRF Releases Holiday Consumer Spending Survey

nrf1Prosper Insights and Analytics has conducted the National Retail Federation’s Holiday Consumer Spending Survey. The survey surmised that people will spend more this holiday season than in any other during the survey’s 14-year history. Other key facts include: [Read more...]