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Tag Archives: Consumer

NRF downgrades retail sales forecast after sluggish start to 2014

WASHINGTON — The National Retail Federation has lowered its retail sales forecast for 2014 because of slow growth recorded during the first half of the year, but said sales are expected to grow significantly faster over the next five months. NRF forecasted in January that retail sales would grow 4.1 percent in 2014 over 2013, but today’s revision lowers the ...

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NRF: Retail sales increased nationwide in most categories

WASHINGTON — Warmer spring weather spurred continued consumer spending and activity this March. According to the National Retail Federation, March retail sales, which exclude automobiles, gas stations and restaurants, increased 0.8 percent adjusted month-to-month and 1.6 percent unadjusted year-over-year. NRF president and CEO Matthew Shay said, “Retail sales increased in most categories and sectors as consumers took to stores to ...

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Stocks rally after jump in consumer confidence

NEW YORK — Investors put stocks back on an upward path Tuesday, encouraged by news of a rebound in consumer confidence and more healing in the housing industry. Major stock indexes rose nearly 1 percent in early afternoon trading, led by gains in financials, retailers and homebuilders. Energy and utility stocks fell as oil prices cooled following a recent surge. ...

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