Tag: consumer spending
Valentine’s Day Spending on Significant Others Predicted to Reach New Record
Valentine’s Day is returning to its romantic traditions, with total spending for the holiday expected to reach a record $14.2B this year.
2023 Holiday Sales Grew 3.8% to Record $964.4B
US Census Bureau data shows that core retail sales during the 2023 holiday season grew 3.8% over 2022 to a record $964.4 billion.
NRF Economist Says 2023’s Consumer Spending Growth is ‘Not Necessarily Sustainable’ in 2024
Consumers spent more than expected amid high inflation and interest rates during 2023, though spending is now expected to slow in 2024.
Census Says Retail Sales Grew Year Over Year in October But Growth Continued to...
Retail sales kept up a long streak of year-over-year gains in October even though the rate of growth continued to slow, finds NRF.
Consumers Will Spend Nearly $900 to Celebrate the Winter HolidaysÂ
Those celebrating the winter holidays expect to spend $875 on average on gifts, decorations, food, and other key seasonal items.
Retail Crime Accounted for Over $112 Billion in Industry Losses in 2022
Shrink accounted for $112.1 billion in losses according to the 2023 National Retail Security Survey released today by NRF.
NRF Says Growth in Consumer Spending Is Slowing
Spending is slowing as the economy settles down amid higher interest rates intended to reduce inflation, according to the NRF.
Consumers Still Spending Despite Inflation and Interest Rates
Consumers remain worried about high inflation and Federal Reserve interest rate hikes intended to bring inflation under control, but neither has stopped them from spending.
Consumer Spending Stays Steady Despite Inflation
Consumer spending held up during June’s inflation surge, with retail sales rising slightly more than expected for the month amid rising prices, according to the Commerce Department.