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Tag Archives: Matthew Shay

NRF predicts merrier holiday shopping season for retailers

WASHINGTON, D.C. — After a turbulent start to 2014, the National Retail Federation says it expects sales in November and December (excluding autos, gas and restaurant sales) to increase 4.1 percent to $616.9 billion, higher than 2013’s actual 3.1 percent increase during that same time frame. Holiday sales on average have grown 2.9 percent over the past 10 years, including ...

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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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February retail sales up despite frigid weather

WASHINGTON — American consumers powered through the winter weather, lifting retail sales in February. According to the National Retail Federation, retail sales, which exclude automobiles, gas stations and restaurants, increased 0.2 percent adjusted month-to-month and 2.3 percent unadjusted year-over-year. NRF president and CEO Matthew Shay said, “Retailers and consumers endured the harsh winter and they’re hoping both the natural and ...

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NRF: Winter weather puts freeze on retail sales

WASHINGTON — Consumers leveled off post-holiday shopping and spending in the beginning of the year due in part to severe winter weather in much of the country, according to the National Retail Federation. January retail sales, excluding automobiles, gas stations and restaurants, were flat seasonally adjusted month-to-month yet increased 3.0 percent unadjusted year-over-year. “Following a solid holiday sales season, it ...

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NRF optimistic about retail sales in 2014

WASHINGTON – The National Retail Federation has released its 2014 economic forecast, projecting retail industry sales (which exclude automobiles, gas stations, and restaurants) will increase 4.1 percent, up from the preliminary 3.7 percent growth seen in 2013. NRF also expects online sales in 2014 to grow between 9 and 12 percent. “Measured improvements in economic growth combined with positive expectations ...

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Retailers hire fewer seasonal workers than expected

The National Retail Federation reports retailers’ hiring actions may bode well for the holiday shopping season, though the employment numbers missed previous forecasts. NRF president and CEO Matthew Shay said, “The nation’s retailers continued to add to their payrolls in December even in the midst of the condensed holiday shopping season. Retailers and merchants, especially those operating clothing and general ...

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