Core sales were up 4.1% year over year on a three-month moving average.
Shoppers in “choiceful” and value-conscious mode, NRF says.
Shoppers expected to shell out $27.5 billion, NRF predicts.
Consumer spending for holidays hit new record.
Shorter time between Thanksgiving and Christmas ups sales forecast for day.
Employers need to help newest workers avoid getting hurt, study finds.
Retailers seeking to avoid possible tariff hikes and port strike.
NRF Senior Vice President for Government Relations David French wrote to the Senate Judiciary Committee.
But while total number of shoppers dropped, in-store visits grew, NRF finds.
“The winter holidays are a treasured time for Americans, and they are prioritizing spending on family this holiday season.”
“Retailers need to pay close attention to developments with open banking and the potential it offers as an alternative to the costly way payments are currently...
'Consumers are willing to spend where they see value,' said NRF Chief Economist Jack Kleinhenz.
Forty-four U.S. small retailers were selected as champions for the program and five have been named as finalists.
“Consumers’ behavior and spending power are tied to their financial health, and the consumer sector looks good at the moment.”
“Consumer spending was remarkably resilient throughout 2023 and finished the year with a solid pace for the holiday season.”
Overall return rate is higher for online retailers
NRF VP of Asset Protection and Retail Operations David Johnston testified on behalf of the retail industry.
The Census Bureau said overall retail sales in November were up 0.3% from October and up 4.1% year over year.
Registration is open to all retailers and visual merchandisers professionals as well as retail designers, educators, and students.
Attending parties, trick-or-treating also on post-pandemic uptick.
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