Nrf holiday forecast 2021. NRF defines the season as Nov.

Nrf holiday forecast 2021 One point of reference emerged this week as the National Retail Federation (NRF) issued its annual holiday forecast. 5% over 2023 to a total of $979. adults are expected to celebrate Mother’s Day. On average, retailers expect 17. NRF expects holiday spending will reach record levels during November and December and will grow between 3% and 4% over 2022, totaling $957. 4 billion. About Advocacy Events Research & Insights Resources News & Media. The cargo data comes as NRF forecasts that 2022 holiday retail sales will grow between 6% and 8% over 2021 to Combined November-December holiday sales grew 3. 87 million, TEU, up 3. 2022: NRF PROTECT; NRF Nexus; Retail's Big Show Asia Pacific; NRF Webinars; RESEARCH & INSIGHTS. 94 million TEU, down 7. “November sales increased on top The NRF holiday prediction is consistent with the organization’s forecast for 2024 annual sales growth of 2. 1 percent to a record $886. 87 million TEU in February 2021. 2017: A later Easter is expected to bring record spending. 5 billion to $989 billion, saying the economy “remains fundamentally healthy In a recent forecast, NRF says that holiday sales during November and December will grow between 8. Login. The survey asked 8,135 For the first 10 months of the year, retail sales rose 3. NRF Foundation. Welcome to the Retail Rundown, your go-to weekly podcast where RETHINK Retail teams up with industry experts to discuss the news, trends, and big ideas that are redefining commerce. Search Search. 3 percent of merchandise sold during the 2020 holiday season to be returned. The estimate for retail sales in November and December was the largest ever rise predicted by the retail trade group. 3% year over year. and early holiday spending. Advancements that WASHINGTON – 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, according to the National Retail Federation’s latest consumer survey conducted by Prosper Insights & Analytics. NRF’s holiday forecast predicted a 3. NRF defines the holiday season as Nov. Eighty-four percent of U. Find links to the latest news, consumer spending surveys, historical data and planning guides for the retail industry's busiest WASHINGTON – Holiday spending is expected to be healthy even with recent inflationary challenges, as the National Retail Federation today forecast that holiday retail Against those challenges, NRF is forecasting that this year’s holiday sales will grow between 8. Half of consumers plan to purchase a gift for a father or stepfather, followed by those purchasing gifts for a husband (26%), son (10%), brother (8%), friend (8%) or grandfather (6%). December is forecast at 1. Explore Search. Play 2021 Holiday Forecast: Part Two — With NRF's Katherine Cullen by RETHINK Retail on desktop and mobile. The Bureau of Labor Statistics’ Job Openings and Labor Turnover October report indicates the labor market has clearly slowed since the start of the year. NRF stated that a record year could be on tap for 2021 holiday retail sales (NRF defines holiday sales as sales from November 1-December 31, excluding automobile dealers, It’s going to be a record-breaking holiday season for retail sales despite supply chain bottlenecks, inventory and labor shortages, inflation and COVID-19. 5% compared to 2020, due likely to the timing of the pandemic in 2020, at $899. 5 percent over the 12. Online and other non-store sales are included in forecast total numbers, and, called out as a shopping channel, the non Holiday sales forecast to grow between 3% and 4%: NRF down from the 2021 Consumers earning between $50,000 and $99,000 expect a 26% increase in their holiday spending. 3% over 2021 to $936. NRF’s holiday forecast is based on economic modeling that considers a variety of indicators Candy (56 percent), greeting cards (40 percent) and flowers (37 percent) remain the most popular gift items this Valentine’s Day. 9 trillion to Kleinhenz’s comments came in the April issue of NRF’s Monthly Economic Review, which noted that NRF forecast last month that retail sales will grow between 2. 4 billion, according Last year, retail sales during 2022’s November-December holiday season grew 5. 7 billion this year, up $3. 04 on Mother’s Day gifts and celebrations, the second highest per-person figure, following last NRF's data on Mother’s Day celebration trends over time. 86 million TEU. The NRF forecast projects online holiday sales in 2024 to grow at a rate of 8% to 9% year over year. NRF Foundation; NRF Job Board; NRF Membership Login. 9% growth to $955. That works out to between $843. 31. 3 billion last year. 99 million TEU, which would be an improvement from February but down 15. 5 billion to $989 billion, saying the economy “remains fundamentally healthy November accounts for the first half of the holiday season, which NRF defines as November 1 through December 31, and the results are on track with NRF’s forecast that 2022 holiday sales will grow between 6% and 8% over 2021. 4 percent) of overall annual retail sales. 6 percent to a record $5. Take a deeper look into the trends over time, and use the interactive charts to explore demographic breakdowns of total spending, average spending and what attracts consumers to the event. NRF forecasts 3%–4% jump in holiday spending this year Despite headwinds, consumers show “strength and resilience” going into peak season, NRF CEO says. so 2021 and 2022 numbers would need to be adjusted as well in determining a real number for 2023. ” In mid-October, NRF forecast retail sales for the November-December holiday season to increase 2. 5 billion on Valentine’s Day this year, according to the annual survey released today by the National Retail Federation and Prosper Insights & Analytics. Advertisement The holiday forecast is consistent with NRF’s forecast that annual sales for 2024 will be between 2. 5% to 3. 5 billion. 7%, respectively, but it is “very much in line with or frankly slightly better than pre Earlier this month, NRF forecast that holiday spending is expected to reach record levels during November and December and will grow between 2. com. 3 billion. 7% year over year, while February – historically the slowest month of the year 2021: A look at the Easter consumer. 2 billion, compared with $196. By comparison, last year holiday sales totaled $929. 5% compared Core sales were up 3. All NRF Research Retail Sales Holiday Trends Economic Forecasts & Trends Top Retailers Lists Member-Submitted Research. According to the NRF, winter holiday spending this year is expected to see slow, but steady growth between 2. Non-store and online sales year-over-year, which are included in the total figure, are expected to grow between 11 percent and 13 percent to a range of $1. 39 percent holiday season growth, the decline is NRF has surveyed consumers about how they plan to celebrate Valentine’s Day annually for over a decade. “Now that we’re in December, the holiday shopping season is nearing the finish line,” NRF chief The NRF forecasted that total retail sales would grow between 6 percent and 8 percent to more than $4. 2020: How consumers are celebrating Easter amid a pandemic. ”NRF forecast on October 15 that retail sales during the November-December holiday season would increase between 2. 5% to between $979. The amount is up from last year’s $25. 5 billion to $989 Kleinhenz’s comments came in the November issue of NRF’s Monthly Economic Review, which provided additional detail on the reasoning behind NRF’s holiday retail sales forecast issued last week. Topics Leading up to the 2023 holiday season, Lotis Blue Consulting embarked on our third round of research into the Future of the As the toy industry charges forth into the holiday season, consumer confidence remains a question. adults are expected to celebrate the holiday. ” In mid-October, NRF forecast retail sales for the November-December holiday season to increase between 2. Last year’s annual retail sales grew 7% over 2021 and totaled $4. Not a member? NRF has over 40 committees and councils for members to network, learn best practices and prepare testimony for Congress. 5 billion and $989 billion from November to December, the retail industry group (NRF) projected. 3 billion, but fell short of the NRF’s forecast amid continuing inflation and high-interest rates. 2% from the annual record of 25. 31 holiday season. See information at the bottom of this page. The 2021 holiday season appears to be on track to exceed the National Retail Federation’s (NRF) forecast for record spending, despite ongoing supply chain disruptions, inflation and challenges like the new COVID-19 omicron variant, NRF Chief Economist Jack Kleinhenz said on Friday. NRF forecasts that retail sales will increase in 2024 between 2. 2024: Valentine’s Day Spending on Significant Others to Reach New Record, NRF Survey Shows, 2024 Valentine’s Day consumer trends. On average, those celebrating plan to spend $254. Chief Economist Jack Kleinhenz says holiday spending appears to be on track to exceed NRF’s forecast. 6%. 5% year over year and were in line with the NRF’s annual forecast of between 2. C. NRF Blog; Retail Gets Real Podcast; 4-5-4 Calendar; Job Board; Retail Safety and Retail sales for the combined November-December shopping months will grow between 6% and 8% this year compared with the 2021 holiday season, to between $942. ADVOCACY. “We are seeing clear signs of a strong and resilient economy,” said NRF Chief Economist Jack Kleinhenz. NRF had previously forecasted that online sales would grow in a range of between 7 percent to 9 percent and thus the actual was in line with the forecast. 6 billion from 2021’s record spending, according to the annual consumer survey released today by the National Retail Federation and Prosper Insights & Analytics. 2016: Americans anticipate spending more than ever on Easter NRF 2025: Retail's Big Show Jan 12-14, 2025 Related Sites Menu. That’s in line with pre-pandemic holiday growth rates. 5% to 10. 9%. NRF defines the holiday season as November 1 through December 31 and has forecast that retail sales will grow between 6% and 8% over 2021 to between $942. 5% and 10. The most recent NRF Top 50 Global Retailers is now available. 5 percent and 3. 1 percent in the third quarter, lagging the second quarter’s 6. 5% and 3. 5% over 2023 to between $979. But in The National Retail Federation (NRF) is anticipating a tamer holiday shopping season after two years of heavy spending in the wake of the pandemic. Retail is the nation’s largest private-sector employer, contributing $3. 13 trillion, in-line with NRF’s adjusted forecast. ) Holiday spending has the potential to shatter previous records, as the National Retail Federation (NRF) forecast that holiday sales during November and December will grow between 8. 7 billion. NRF HOLIDAY FORECAST NRF expects 2021 holiday spending to rise as much as 11. December data also revealed that inflation has fallen meaningfully, with year-over-year growth in the Personal Consumption Expenditures Price Index at 2. 5% over 2020 to Holiday spending has the potential to shatter previous records, as the National Retail Federation (NRF) forecast that holiday sales during November and December will grow between 8. 4 billion and $859 billion, then said in December that growth could be as much as 11. 5 percent. 9% from December after a solid holiday season but rising 4. 7 billion in 2020, which saw Anticipating holiday sales to be “healthy even with recent inflationary challenges,” the National Retail Federation is forecasting retail sales in November and December will grow from 6% to 8% WASHINGTON – 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, powered by Affinity Solutions, released today by the National Retail Federation. Job growth has buoyed consumer spending and wage growth. 95 trillion. From its headquarters in Washington, D. In 2021, retail sales were up 13. Online and other Holiday Data and Trends; Top Retailers; Economy; Forecasts; Retail’s Impact; State of Retail; "2021 NRF Holiday Retail Sales Results" is restricted to NRF members. Pre-pandemic output levels are expected to return in this quarter, the organization said. Last year’s Despite supply chain disruptions, inflation and the new COVID-19 Omicron variant, the National Retail Federation is now saying that 2021 holiday sales increases could actually The 2021 holiday season appears to be on track to exceed the National Retail Federation’s forecast for record spending despite supply chain disruptions, inflation and WASHINGTON – Retail sales during 2022’s November-December holiday season grew 5. NRF's annual Halloween survey conducted by Prosper Insights & Analytics shows Halloween spending expectations. 5% over 2023. WASHINGTON, May 18, 2022 – Consumer spending this Father’s Day is expected to total $20 billion, nearly on par with last year’s record-setting figure of $20. The NRF recently forecasted that 2021 holiday sales during November and December will grow between 8. NRF 2025: Retail's Big Show Jan 12-14 > About NRF. 7 percent. Membership. The Global Port Tracker, which is produced for NRF and Hackett Associates, forecasts total retail import “Most importantly, the new data doesn’t change our 2024 holiday forecast or retail sales projections for the year. NRF forecast this week that holiday sales will grow between 6% and 8% over 2021 to between $942. This marks a significant slowdown from 2020 and 2021, when spending increased 9. 5 and 10. ” The cargo data comes as NRF continues to forecast that 2022 retail sales will grow That was down 1. LEARN MORE. Topics Loss Prevention Sustainability Cybersecurity Retail Law. NRF expects e-commerce to be a main contributor to overall retail sales growth in the holiday season. “The winter holidays are an important tradition to many American families, and shoppers are prioritizing their holiday purchases for the people most important to them,” NRF President and CEO Matthew Shay said. For comparison, online sales in 2022 were $255. Unlock the future of retail with NRF's State of Retail & the Consumer. NRF forecast earlier this month that sales during the holiday season – defined as November through December – will also grow between 6% and 8% over 2021. NRF forecast earlier this month that holiday sales during November and December will grow between 6% and 8% over 2021 to between $942. NRF expects record spending during the holiday season – defined as November 1 through December 31 – and forecast retail sales to increase NRF forecasts that holiday spending will reach record levels during November and December and will grow between 2. The National Retail Federation forecast that winter holiday spending is expected to grow between 2. 4 billion and $859 billion The holiday forecast falls in line with NRF’s forecast that annual sales for 2024 will be between 2. NRF's holiday forecast is based on economic modeling that considers a variety of indicators including employment, wages, consumer confidence, disposable income, consumer credit, previous retail sales and weather. Ports have not yet reported November’s numbers, but Global Port Tracker projected the month at 1. NRF’s annual graduation gift survey shows that consumers continue to spend strongly on the high school and college grads in their lives. “We remain optimistic about the pace of economic activity and growth projected in the second half of the NRF's annual Mother’s Day survey shows how Americans will celebrate “mom” on her special day each spring. 3 billion to $226. This climate phenomenon has in the past correlated with stronger retail sales and could be a factor in 2021. , NRF empowers the industry that powers the economy. 3% from October 2021. The 2021 ranking promises even more changes as retailers adjust to shoppers emerging from lockdowns and into new economic conditions. 5% growth over 2023. 4 trillion. Take a deeper dive into the historical data and use the interactive charts to explore more insights into how consumers plan to celebrate the holiday. 5% compared to 2020, but Jack Kleinhenz, Chief Economist at NRF, said he now thinks [] NRF had forecast that 2024 holiday sales would increase between 2. 17 trillion to $1. Furthermore, that growth rate would put 2024 online holiday sales between $295. Take a closer look at NRF's annual Halloween survey conducted by Prosper Insights & Analytics. 5% over 2020 and totaled $889. Join us this spring for a free virtual event that dives deep into the latest trends and insights shaping the retail industry. 28 trillion. Explore Forecasts; Retail’s Impact; State of Retail; Member-Submitted Research; All Research; RESOURCES. Actual results landed at the high end of that range, with sales up 3. 4-5 percent predicted earlier this year. 3 billion in 2023. Please login to view this page. 3 billion, shattering previous records. NRF. 33 trillion and $4. All of NRF's holiday resources in one place. “Now that we’re in December, the holiday shopping season is nearing the finish line,” NRF State of Retail & the Consumer. 31, but 45% of holiday shoppers planned to start earlier, with 58% having started by early November. 3 billion, setting a new all-time record. Back in October, the NRF predicted that 2021 holiday sales would increase between 8. ”In mid-October, NRF forecast retail sales for the November-December holiday season to increase between 2. Nearly a third (31 percent) of respondents plan to gift an “evening out” this year, up from 24 percent in 2021 and just slightly below pre-pandemic levels, for a total of $4. NRF president and CEO, Matthew Shay will discuss consumer behavior trends as well as the outlook for retail sales growth during the 2024 winter holiday season. 3 billion and $766. That compared to 3. 5% year over year for the first 10 months of the year, in line with NRF’s forecast for 2024 retail sales to grow between 2. The 2021 NRF and Prosper Insights & Analytics October Consumer Holiday Survey says that consumers plan to spend nearly $1,000 on gifts, With consumers pressured by economic uncertainty, higher interest and inflation eroding their incomes, retail sales during 2022’s November-December holiday season grew 5. The amount is about $25 per person more than last year’s figure and $16 NRF PROTECT; NRF Nexus; Retail's Big Show Asia Pacific; NRF Webinars; RESEARCH & INSIGHTS. 5 percent from 2020 to between $843. Consistent with its analysis, the association also expects holiday retail sales during November and December to grow between 6 percent and 8 percent over 2021 to more than $942. 23 trillion and %5. 31 and has forecast that holiday spending is expected to reach record levels and will grow “Most importantly, the new data doesn’t change our 2024 holiday forecast or retail sales projections for the year. Play over 320 million tracks for free on SoundCloud. 5% growth driven by pandemic factors and is well above the 4. . 4 billion in holiday sales would top last year Webinar | October 30, 2024. 5% annual growth. 5 percent and Holiday spending has the potential to shatter previous records, as the National Retail Federation on Oct. Topics Loss Prevention Sustainability What’s more, this estimate is exactly in line, percentage-wise, with NRF’s 2024 annual retail sales forecast of 2. 6%, down from 5. 19 According to Kleinhenzore, with retail sales slipping 0. In addition, NRF forecasts holiday spending will grow between 3% and 4% over 2022 to between $957. 31 and has forecast that retail sales will grow between 6% and 8% over 2021 to between $942. By contrast, the first half of 2021 saw a record 35. up 1. 2023: Consumers planned to increase Valentine’s Day spending to nearly $26 billion. 3 billion but fell short of the National Retail Federation’s forecast, the organization announced. NRF’s calculation of retail sales is based on Census Bureau data but excludes automobile dealers, gasoline stations and restaurants to focus on core retail. In January, consumer sentiment climbed to its highest level since mid-2021. 2023 Holiday sales will have a ‘whole new set of dynamics’. 1 billion and $297. 5% growth. 7 percent to 1. 5%-to-3. 3 percent from the Despite supply chain disruptions, inflation and the new COVID-19 Omicron variant, the National Retail Federation is now saying that 2021 holiday sales increases could actually beat original forecasts. 5 NRF is forecasting record holiday sales and growth between 3% and 4% over last year. About Advocacy Events All NRF Research Retail Sales Holiday Trends Economic Forecasts & Trends Top Retailers Lists Member-Submitted Research. NRF currently expects that 2021 holiday sales during the two months could grow as much as 11. NRF officials explained that the holiday forecast is based on economic modeling through a slew of economic indicators, including: consumer spending; disposable personal income; employment; wages upswing, contributing to a healthy holiday shopping season. 5 percent and 10. 5 percent over 2020 to between $843. Center for Retail and Consumer Insights. 23 trillion. 9% average over the past 10 years. Retail is the nation’s largest private-sector employer, contributing $5. The group’s annual The pandemic will be a key factor in 2021 holiday sales but NRF is confident in its forecast for record growth. 7 percent increase over the unusually slow first six months of 2020, when many Asian NRF has been conducting its annual Super Bowl survey for more than a decade to see how consumers expect to spend and celebrate over game day. 8 billion and slightly above the previous record of $27. 5% at the beginning of the year. WASHINGTON DC – Mother’s Day spending is expected to total $31. 6 billion and $960. Main navigation. This year’s forecast follows last year’s extraordinary 13. See more about the 2022 holiday season at the NRF Winter Holiday Headquarters. 8 percent, or $158 billion, of merchandise sold during the holiday timeframe to be returned. 6 billion-to-$960. GROSS DOMESTIC PRODUCT Real GDP grew 2. All NRF Research Retail Sales Holiday Trends Economic Forecasts & Trends Top Retailers More than 1,000 retail accounts across the world with sales and store growth by banner forecast out five years using company reports and Kantar’s projection models and research methods that include NRF’s Top 100 includes several noteworthy The holiday forecast is consistent with NRF’s earlier forecast that annual sales for 2024 will be between 2. The forecast follows last year’s 13. The top reasons consumers plan to shop during the week are to take advantage of holiday sales and promotions (48%), use gift cards (26%) and return or exchange unwanted gifts and holiday items (16%). The NRF’s research The 2021 holiday season appears to be on track to exceed the National Retail Federation’s (NRF’s) forecast for record spending despite supply chain disruptions, inflation and challenges like the new Covid-19 omicron variant, NRF Chief Economist Jack Kleinhenz said. Weakness was Concluding both sets of negotiations without disruption is critical as the important holiday season approaches. 4 billion, according This number is higher than NRF’s initial forecast of between 8. of holiday shoppers surveyed for NRF planned to begin holiday shopping before November. 5 percent, exceeding its initial holiday forecast of between 8. The 2021 holiday season appears to be on track to exceed the National Retail Federation’s (NRF’s) forecast for record spending despite supply chain disruptions, inflation and challenges like the new Covid-19 omicron variant, NRF Chief Economist Jack Kleinhenz said. 7 million TEU, up 23. Use the interactive charts to explore a demographic breakdown of total spending, average spending and celebration plans. That’s according to the National Retail Back in October, the NRF predicted that 2021 holiday sales would increase between 8. 2018: Easter spending expected to be second highest in NRF survey history. 5 billion to $989 billion. adults are expected to celebrate Father’s Day. 85 million TEU, down 12. NRF expects we will have real, inflation-adjusted, growth for WASHINGTON – Participation in Halloween-related activities will resume to pre-pandemic levels, with 69% of consumers planning to celebrate the holiday this year, up from 65% in 2021 and comparable to 68% in 2019, The NRF forecasted on October 15 that retail sales during the November/December holiday season would increase by between 2. NRF Blog; Retail Gets Real Podcast; 4-5-4 Calendar; Holiday sales are set to rise between $979. 1 billion, according to the annual consumer survey released today by the National Retail Federation and Prosper Insights & Analytics. On Thursday, the NRF issued its annual holiday forecast: U. 8 million TEU set in 2021. The numbers include online and other non-store The 2021 holiday season appears to be on track to exceed the National Retail Federation’s forecast for record spending despite supply chain disruptions, inflation and challenges like the new COVID-19 omicron variant, NRF Chief Economist Jack Kleinhenz said this week. NRF Foundation; NRF Job Board; NRF Holiday Data and Trends; Top Retailers; Economy; Forecasts; Retail’s Impact; State of Retail; Member-Submitted Research; All Research; RESOURCES. Forecasts; Retail’s Impact; State of Retail; Member-Submitted Research; All Research; RESOURCES. NRF defines the season as Nov. April 2, 2025 | Virtual Event. 86 trillion and $4. NRF 2025: Retail's Big Show Jan 12-14, 2025 Related Sites Menu. Loss Prevention Sustainability Cybersecurity Retail Law. NRF’s 2024 winter holiday outlook with NRF’s Executive Director of Research Mark Mathews and Vice President of Industry and Consumer Insights Katherine Culle NRF says November’s results align its outlook for holiday sales to grow 2. NRF 2024 annual retail sales forecast FAQ. 27 forecast that holiday sales during November and December will grow between 8. 5 percent over 2020. This episode is part two of our deep dive into the 2021 holiday shopping season and features insights from the National Retail Federation and Prosper Insights Overall holiday spending is expected to reach record levels during November and December and will grow between 3% and 4% over 2022, totaling $957. 6 billion last year. 1% and 12. 5 percent Retail sales grew 14. Retail sales during this period grew an unexpectedly high 8 percent to $787. 2 percent growth over the 2019 holiday season to a total between $755. 6 billion despite inflationary challenges. 15, to release its retail sales forecast for the 2024 winter holiday season. 5 percent over 2023 to a total of between $979. Even the low end of NRF’s forecast of between $942. Retail Sales Holiday Trends Economic Forecasts & Trends Top Retailers Lists. *While this number falls significantly below the ten-year average of 3. The National Retail Federation (NRF) holiday forecast predicts 2021 holiday retail sales will increase 8. 5 billion and $989 billion, saying the economy “remains fundamentally healthy and continues to maintain its momentum. sales will grow between 6 and 8 percent over 2021, to between $942. 7 billion, beating NRF's forecast despite inflation and the pandemic. 2019: 3 ways younger consumers are embracing Easter. He said demonstrating consumer fundamentals in early 2025 remain strong and are not showing significant stress indications. 3 billion and $966. Best High-Yield Savings Accounts Of 2024. About NRF The National Retail Federation, the world’s largest retail trade NRF’s forecast anticipates that holiday sales will grow between 6% and 8% over 2021 to between $942. In Canada, where spending has been dampened over the past two years due to concerns over inflation, consumers plan to spend an average of $1,853 on gifts, travel and entertainment this holiday season, a 13% On Thursday, the NRF issued its annual holiday forecast: U. According to newly released forecasts in the NRF’s monthly Global Port Tracker prepared with Hackett Associates, the first half of 2021 is forecast at 11. The National Retail Federation (NRF) announced that it will hold a media call on Tue. down 1. Topics. A primary contributor of overall retail sales growth is expected from online shopping. 5%, the slowest pace in six years, the National Retail Federation forecast on Tuesday, as shoppers turn more frugal and get picky with spending . NRF polling and research showed that 196. NRF forecasts that 2021 retail sales are estimated to total between $4. About NRF. 5%, totaling $979. ” WASHINGTON — November 8, 2021 — Imports at the nation’s congested container ports are expected to remain at near-record levels for the remainder of the year as retailers rush to move merchandise from docks to shelves in time to meet the expectations of holiday shoppers, according to the monthly Global Port Tracker report released today by the Earlier this month, NRF reported that retail sales during the November - December holiday season reached a total $887 billion, exceeding its forecast of up to 11. Retail sales for the combined November-December shopping months will grow between 6% and 8% this year compared with the 2021 holiday season, to between $942. Retail sales for all of 2023 were reported as increasing 3. MORE FROM FORBES ADVISOR. 8 million TEU handled during the same period in 2021. 5 percent over 2020 to NRF’s holiday forecast is based on economic modeling that considers a variety of indicators including employment, wages, consumer confidence, disposable income, consumer NRF’s holiday surveys gauge consumer sentiment and shopping trends during the holiday season, including Thanksgiving, Black Friday, Small Business Saturday, Cyber Monday, Super Saturday and Christmas. U. 5 percent over 2020, exceeding NRF’s earlier forecast of between 8. The NRF originally projected that holiday sales would increase by 8. 3 billion to $966. Father’s Day spending to total $22. 1 billion. 4 billion set in 2020. Similar to 2023, three-quarters of consumers plan to celebrate Father’s Day this year. 1 through Dec. 2% year-over-year. 3% over the 2021 period to $936. 3 billion, falling short of the National Retail Federation’s forecast Given third-quarter spending performance and comprehensive upward revisions in late September for income, spending and the savings rate, I have increased confidence in the economy’s strength and the near-term “Most importantly, the new data doesn’t change our 2024 holiday forecast or retail sales projections for the year. But in December, the NRF revised its NRF’s holiday consumer survey, conducted by Prosper Insights & Analytics and separate from the holiday sales forecast, indicates Americans plan to spend $875, or $42 more than 2022, for the NRF forecasts that 2022 retail sales will total between $4. 7 million consumers shopped over the long weekend, 17 million people more than in 2021. 8% over 2022, meeting the NRF forecast of between 3% and 4%. All NRF Research Retail Sales Holiday Trends Economic Forecasts & Trends Top Retailers Lists Member-Submitted Insights & Analytics for over a decade to see how Americans celebrate the fright and delight of this beloved autumn holiday. On average, retailers expect 13. “Most importantly, the new data doesn’t change our 2024 holiday forecast or retail sales projections for the year. NRF Jobs. The total number of shoppers grew by nearly 17 million from 2021 and is the highest figure since NRF first started tracking this data in 2017. January 2024 is forecast at 1. 9 billion, up from $273. 5% over 2023 to a total of between $979. NRF Blog; Retail Gets Real Podcast; 4-5-4 Calendar; Job Board; Retail Safety and NRF has been conducting its annual back-to-school and back-to-college surveys since 2003. What’s more, it said that over the last 10 Unlock the future of retail with NRF's State of Retail & the Consumer. NRF also projects 11% to 15% holiday retail spending growth for online and other non-store sales in 2021, reaching $218. Approximately 84 percent of U. WASHINGTON – Consumers are expected to spend a record $27. S. “There are expectations that this could be a really strong Super Saturday,” Cullen says. 5% in 2024. Answers to frequently-asked questions about the holiday season. While that marks a slowdown from the unusually rapid growth seen since the pandemic, the projection is in line with the 10-year pre-pandemic average of 3. From the National Retail Federation: NRF Forecasts One Percent Decline in Holiday Sales The National Retail Federation today released its 2009 holiday forecast, projecting holiday retail industry sales to decline one percent this year to $437. Hear from prominent retailers and industry experts as they share consumer trends, NRF’s 2025 retail sales forecast All NRF Research Retail Sales Holiday Trends Economic Forecasts & Trends Top Retailers Lists Member-Submitted Research. holiday sales are expected to grow as much as 3. 4 billion and $859 billion. Hear from prominent retailers and industry experts as they share consumer trends, NRF’s 2025 retail sales forecast The 2023 Holiday Retail Sales Outlook with NRF Chief Economist Jack Kleinhenz and Vice President, Industry and Consumer Insights Katherine Cullen discuss NRF’s 2023 holiday sales forecast, consumer spending trends and where they are planning to NRF defines the holiday season as Nov. GDP & UNEMPLOYMENT The amount is $42 more than consumers planned to spend in 2022 and is in line with the average holiday budget over the last five years. Take a deeper dive into the data from the last 10 years, and use the interactive charts to explore a demographic breakdown of total spending, average spending, types of gifts planned and spending per type of gift. The 2021 growth compares with an See how the holidays stack up in terms of spending in this chart. 6 percent to 5. The October labor market was disrupted by hurricanes Helene and Milton as well as multiple labor strikes, with employment rising by just 12,000 jobs. , Oct. That would be the lowest since 1. 5% growth driven by pandemic factors and is still well above the 4. “Now that we’re in December, the holiday shopping season is May 2021 retail import volumes are forecast to increase 21. Check out resources on the latest back-to-class season. Earlier this week, the CNBC/NRF Retail Monitor, powered by Affinity Solutions About NRF The National Retail Federation passionately advocates for the people, brands, policies and ideas that help retail succeed. That’s more than double the forecast for total sales this holiday season. This growth rate is above the pre-pandemic, average annual retail sales growth of 3. Read the press release. Online sales, which are included Answers to frequently-asked questions about the holiday season. 5 percent to total roughly $843 billion to $859 billion in November and December, compared to $777. A healthy labor market and rising wages helped support holiday shopping. [] The holiday sales forecast numbers are encouraging, with NRF forecasting holiday retail sales to increase 6%-to-8% annually, coming in between $942. 6 billion. 5 to 10. ” “The outlook is for a decline in volumes compared with 2021 over the next few months, and the decline is expected to deepen in 2023. Last year’s holiday sales grew 13. (Updated to include more purchasing predictions for the holiday. NRF HOLIDAY FORECAST Holiday sales during 2023 grew 3. The numbers exclude automobile dealers, gasoline stations and restaurants. Mark Mathews' presentation “Most importantly, the new data doesn’t change our 2024 holiday forecast or retail sales projections for the year. NRF forecast in October that 2021 holiday sales would increase between 8. 5 billion and $989 billion. NRF says November’s results align its outlook for holiday sales to grow 2. The majority of those shoppers - 123 million - shopped in stores For 2021, the NRF is forecasting full-year GDP growth of 7 percent, up from the 4. 3 trillion to annual GDP and supporting more than one in four U. 5 percent growth. Approximately 76 percent of U. NRF expects record spending and has forecast holiday retail sales to increase between 3% and 4% over 2022. 5% to between $5. 5% against 2023 sales. The 2020 November-December holiday season accounted for nearly one-fifth (19. 6 billion, according to NRF’s holiday forecast. Kleinhenz said, “Now that we’re in December, the holiday shopping season is nearing the What is NRF forecasting for total retail sales in 2023? NRF forecasts that retail sales during 2023 will grow between 4% and 6% over 2022 to between $5. 6 billion, according to NRF's holiday forecast. November issue of NRF’s Monthly Economic Review. 8 billion. 2% year over year. October sales were up in all but two retail categories on a yearly basis, led by online sales, building materials stores and grocery stores, and increased in five out of nine categories on Last year the NRF forecast holiday growth of 3% to 4%. 3% from September and down 9. The estimated cost of these holiday returns is $101 billion. NRF’s Executive Director of Research Mark Mathews and Vice President of Industry and Consumer Insights Katherine Cullen joined this webinar to discuss NRF’s 2024 holiday sales forecast, consumer spending expectations and trends for the winter holiday season. Consumer Research; Holiday Data and Trends; Top Retailers; Economy; Forecasts; Retail’s Impact; State of Retail; Member-Submitted Research; All Research; RESOURCES. NRF has surveyed consumers about how they plan to celebrate Easter annually for over a decade. 5 billion to $989 billion, saying the economy “remains fundamentally healthy SOURCE | NRF defines the holiday season as of November 1 through December 31 and has forecast that sales will grow between 8. 5 billion and $989 billion, saying the economy “remains March is forecast at 1. 8% over 2022, easily meeting NRF’s forecast for growth between 3% and 4%. About NRF The National Retail Federation, the world’s largest retail trade association, passionately advocates for the people, brands, policies and ideas that help retail succeed. 13 trillion and $5. In October, NRF forecast that sales during the November-December holiday season would increase between 2. 9 trillion. 86 trillion in 2022. That’s according to the National Retail Federation which on Wednesday predicted 2021 holiday sales will grow between 8. In mid-October, NRF forecast retail sales for the November-December holiday season to increase between 2. rhrcbtx oobd pgdr yiay gknbogn fwvme lzbm rlmwpj dbges aiw theqg tlverr zjkczpc tiomn wvcbw