By Gary Symons TLL Editor in Chief The National Retail Federation predicts holiday spending will grow by 2.5 to 3.5% in 2024, boosting U.S. spending to almost $1 trillion. The NRF says the increase will equate to spending of between $979.5 billion and $989 billion in total holiday spending in November and December, compared with $955.6 billion during the same time … [Read more...] about NRF Predicts US Holiday Spending Close to $1 Trillion
National Retail Federation
Economy: NRF Issues Warning of Potential Recession
By Gary Symons The National Retail Federation is warning anti-inflationary moves by the Federal Reserve could plunge the US into a recession. NRF Chief Economist Jack Kleinhenz said it's too soon to say whether the Fed’s efforts to reduce inflation will lead to a recession, but continuing interest rate hikes increase the chances. “This year starts with the possibility of … [Read more...] about Economy: NRF Issues Warning of Potential Recession
Halloween Sales Decline Due to Covid-19 Restrictions
Halloween is always a spooky time of year, but in 2020 it’s downright scary if you’re in retail or the licensing industry. A survey by the National Retail Federation found there will be a massive drop in participation in Halloween activities this year, due to the Covid-19 pandemic … but the NRF says it could have been worse. On the down side, more than three-quarters of … [Read more...] about Halloween Sales Decline Due to Covid-19 Restrictions