Tag: nrf
Annual Retail Sales Predicted to Grow 6-8 Percent
The National Retail Federation issued its annual forecast, anticipating that retail sales will grow between 6 percent and 8 percent to more than $4.86 trillion in 2022.
While Ports are Still Congested, Record Import Levels Expected
Imports at the nation’s major retail container ports are expected to be at near-record levels this spring and summer as consumer demand and supply chain challenges continue to result in congestion.
NRF is Hosting Event on the State of Retail and the Consumer
The NRF is hosting the second annual State of Retail and the Consumer virtual event on the post-pandemic consumer and the future of retail on March 15.
NRF Writes to West Coast Port Leaders Urging Contract Negotiations
The National Retail Federation wrote a letter to leadership at the International Longshore and Warehouse Union (ILWU) and the Pacific Maritime Association (PMA).
Retail Sales Increase in January Despite Omicron and Inflation
Retail sales powered through COVID-19’s omicron variant, inflation, and other challenges to post strong increases in January, according to the NRF.
Americans Will Spend $23.9 Billion on Valentine’s Day This Year
Valentine’s Day spending is expected to reach $23.9 billion this year, up from $21.8 billion in 2021 and the second-highest year on record.
Economy Likely to Grow Even as Feds Work to Slow Inflation
The United States appears to be at the midpoint of an economic cycle that should continue to see growth, according to the NRF.
Retail Returns Climbed to $761 Billion in 2021
A new report released today by the National Retail Federation and ApprissRetail shows that retailers expect more than $761 billion in merchandise sold last year to be returned by consumers.
Hanwha Techwin Unveils New Range of Quick Checkout Solutions
With the new QCO A5 model, shoppers simply place their purchases on a conveyor belt, and the system will automatically scan each item using 360-degree vision-based barcode recognition technology.
Nearly 180 Million Americans Shopped Over the Holiday Weekend
Nearly 180 million Americans shopped during the five-day holiday period from Thanksgiving Day to Cyber Monday, according to the National Retail Federation and Proper Insights & Analytics’ annual survey, released today.