After two consecutive months of declines, U.S. retail sales posted modest gains in March, according to the latest CNBC/NRF Retail Monitor, powered by Affinity Solutions and released by the National Retail Federation (NRF). However, persistent concerns over rising tariffs have kept consumer sentiment cautious, capping the extent of the rebound. Matthew Shay, NRF President and […]

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The National Retail Federation (NRF) is predicting a successful holiday shopping season, citing a strong U.S. economy and continued consumer spending. “Even though the traditional kick-off to the holiday season started with Black Friday, this holiday shopping season was already in full swing,” Kleinhenz said, noting that many shoppers started earlier because a late Thanksgiving […]

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This Mother’s Day, the glint of gold and the sparkle of diamonds are set to take centre stage as consumers are expected to spend an impressive $7 billion on jewellery. This figure is part of a broader trend that sees Mother’s Day spending reach a near-record total of $33.5 billion, according to the National Retail […]

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Watch and jewelry sales in the US showed encouraging signs during in February, up by 5.8 per cent after a disappointing January (up 0.6 per cent). Spending on Valentine’s Day jewelry was predicted by the National Retail Federation (NRF) to hit a record $6.4bn as the economy showed signs of relative stability. January’s poor performance […]

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US consumers will spend a record $6.4bn on jewelry this Valentine’s Day according to a new NRF survey. That’s a 14 per cent increase on last year’s predicted spend of $5.5bn. Over half the population (53 per cent) say they’ll be celebrating, according to an annual survey by the National Retail Federation (NRF) and data […]

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With only two days left before Christmas, millions of consumers are expected to flock to stores and online retailers to finish their holiday shopping. According to a survey by the National Retail Federation (NRF) and Prosper Insights & Analytics, nearly 142 million shoppers plan to shop on Super Saturday, the last Saturday before Christmas, which […]

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After a year of challenges, the U.S. economy has proven to be healthy even as it continues to slow, National Retail Federation (NRF) Chief Economist Jack Kleinhenz said. “The U.S. economy is on track to end 2023 with vigorous growth for the year,” Kleinhenz said. “A strong labour market, rising wages and access to excess […]

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The National Retail Federation (NRF) revealed that U.S. retail sales experienced a continued upward trajectory in June, even as employment expansion slowed. NRF President and CEO Matthew Shay said, “June retail sales confirm that while the economy may be cooling, consumers remain on solid footing and are spending on household priorities. Back-to-class spending is one […]

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Mother’s Day is just around the corner, and according to the National Retail Federation (NRF) and Prosper Insights & Analytics, consumers are planning to spend a record-breaking $35.7 billion on gifts this year. This is nearly $4 billion more than last year’s record of $31.7 billion. Jewellery is one of the most popular gift categories, […]

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US consumers are set to spend $5.5bn on jewelry as they splash out on a record Valentine’s Day, according to the NRF (National Retail Federation). That will account for just over a fifth (21 per cent) of the forecast $25.9bn, it says in its Prosper Insights & Analytics issued yesterday. Total Valentine’s spending in 2021 […]

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