Tag: nrf

Consumer spending on Mother’s Day is projected to reach $34.1 billion in 2025, with 84% of U.S. adults celebrating and prioritizing thoughtful gifts and experiences despite economic uncertainty.

Retail sales rose solidly in March despite consumer worries over rising tariffs, with strong income growth, low energy costs, and larger tax refunds supporting spending, though ongoing trade policy uncertainty continues to dampen consumer confidence.

Retail sales grew modestly in March after two months of declines, driven partly by consumers stocking up ahead of rising tariffs.

National Retail Federation Executive Vice President of Government Relations David French released a statement following the introduction of the Combating Organized Retail Crime Act of 2025.

Due to new sweeping tariffs, US import cargo at major ports is expected to drop sharply starting next month, with imports predicted to fall by at least 20 percent in the second half of 2025.

The National Retail Federation is forecasting that retail sales during 2025 will grow between 2.7% and 3.7% over 2024 to between $5.42 trillion and $5.48 trillion.

According to the NRF, retail sales in February showed modest growth, with a 0.2% month-over-month increase and a 3.1% year-over-year rise.

Retail spending declined on a monthly basis in February amid concern over tariffs, but continued to grow year over year as the economy remained strong.

Strong economic performance seen in 2024 is expected to carry over and influence growth this year, but there is a wide range of uncertainty as the White House and Congress make decisions that will impact the economy.

The Census Bureau said overall retail sales in January were down 0.9% seasonally adjusted month over month but up 4.2% unadjusted year over year.