Tag: nrf

Retailers reported a 93 percent increase in the average number of shoplifting incidents per year in 2023 versus 2019 and a 90 percent increase in dollars lost due to shoplifting over the same time period, according to a new study released by the NRF.

Strong results during the third quarter and continued growth in key economic data since then have set the stage for a solid holiday season, according to National Retail Federation Chief Economist Jack Kleinhenz.

Moderate retail sales growth continued in November even as two of the holiday season’s busiest shopping days bumped over into December and weren’t included in the month’s totals, according to the CNBC/NRF Retail Monitor.

The figure is the second highest number in the survey’s history after last year’s record of 200.4 million, and surpassed NRF’s initial expectations of 183.4 million shoppers.

The NRF still expects steady sales growth for the winter holiday season despite contradictions in the latest economic indicators, NRF Chief Economist Jack Kleinhenz said.

Consumer spending on the winter holidays is expected to reach a record $902 per person on average across gifts, food, decorations, and other seasonal items.

NRF’s Fight Retail Crime Day returns today, October 24, to mobilize the retail community to advocate for effective solutions in combating crime.

Data released by the US Census Bureau shows retail sales increased again in September as employment grew and inflation and interest rates fell.

The National Retail Federation forecast that winter holiday spending is expected to grow between 2.5% and 3.5% over 2023.

Imports at the nation’s major container ports should continue at elevated levels this month despite a strike that briefly shut down operations from Maine to Texas last week, according to the Global Port Tracker report released by the National Retail Federation and Hackett Associates.