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Retail sales grew again in October as consumers set aside concerns about inflation and many got a jump start on the holiday season.
The National Retail Federation forecasts that holiday retail sales during November and December will grow between 6 and 8 percent over 2021 to between $942.6 billion and $960.4 billion.
The National Retail Federation today announced that it has hired veteran loss prevention expert David Johnston as vice president for asset protection and retail operations.
This rise in crime has caught the attention of policymakers in Washington and they are considering legislation to help. Ahead of Fight Retail Crime Day on Oct. 26, the NRF is asking congress to act—and, in turn, asking retailers to plead with congress as well.
Retail sales remained strong on a monthly basis and saw another year-over-year gain in September despite an interest rate hike from the Federal Reserve and continuing inflation.
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.
Despite two consecutive quarters of decline, the US economy still does not appear to be in a recession and remains unlikely to enter one this year.
In a mobile payment world with contactless technology on the rise, what will the future of cash in the retail industry look like?
The National Retail Federation discusses the future of the economy in the July issue of their Monthly Economic Review.
NRF PROTECT 2022 focused on innovative ways to combat retail security crime, lead with control and effectiveness, and more.