Economy Lost Jobs In December But Retail Staffed Up
According to the Bureau of Labor Statistics of the United States Department of Commerce, retail helped hold the line on the unemployment rate in December.
economy
NRF: Stimulus Will Help Tide Over The Economy
Economic challenges arising from the coronavirus pandemic will continue in 2021, but stimulus legislation signed into law just after Christmas…
NRF: Imports Remain Strong
Imports remain strong after setting new records this fall as retailers stocked up both stores and warehouses for the holiday season and met new demands for quick delivery of online orders, according to the monthly Global Port Tracker report released by the National Retail Federation and Hackett Associates.
Black Friday Quieter In-Store But Online Gains Sharply
Preliminary reports suggest that, although sales gained online, brick and mortar retail wasn’t quite as vibrant on Black Friday as in years past, although that might be a good thing.
NRF: Holiday Sales To Gain Between 3.6% And 5.2%
In a complex retail marketplace roiled by the COVID-19 pandemic, the National Retail Federation forecast that sales in the November and December holiday season will gain between 3.6% and 5.2% this year versus the 2019 period to a total between $755.3 billion and $766.7 billion.
NRF: October Retail Sales Resilient
The National Retail Federation reported that retail sales gained for the sixth month in a row during October, with sales higher than the same time last year as the U.S. economy continued to recover and consumers began their holiday shopping early.
Deloitte: Shoppers More Confident But Safety Concerns Linger
Deloitte has released the latest edition of the company’s “Global State of the Consumer Tracker,” which points to gains in consumer confidence and convenience-based shopping habits.
U.S. Unemployment Rate Declined In October
According to the United States Bureau of Labor Statistics, total U.S. nonfarm payroll employment rose by 638,000 in October, and the unemployment rate declined to 6.9%.
NRF: September Marks Fourth Month Of Retail Sales Gains
A strong rebound in apparel led a continuing recovery from the pandemic as retail sales accelerated their rate of growth in September and marked the fourth straight month of year-over-year gains, the National Retail Federation said.
NRF: Retail Sales Edge Up In August
Retail sales continued to recover from the coronavirus pandemic in August, showing a gradual improvement from July and larger gains year-over-year, the National Retail Federation said.
Deloitte: Holiday Sales Forecast Remains Uncertain
In its annual holiday forecast, Deloitte anticipates retail sales to increase between 1% and 1.5%, although the consulting firm admits that figuring out what might go on as 2020 ends is particularly uncertain.
NRF: Retail Sales Continue Comeback In July
Retail sales in July grew more slowly than the month before, the National Retail Federation has reported, but those transactions added to the turnaround that has happened since this spring’s declines.
Numerator: Target Popular With Coping Consumers
Numerator has developed a method of dividing consumers and evaluating their shopping activities by their reaction to the COVID-19 pandemic as it has affected the U.S., which, in one case, is better news for Target.
NRF: Retailers Cautious As Imports Decline
Imports at major U.S. retail container ports during 2020 are expected to see their lowest total in four years as the impact of the coronavirus pandemic on the U.S. economy continues, according to the monthly Global Port Tracker report released by the National Retail Federation and Hackett Associates.
Institute For Supply Management Sees Economic Expansion
Economic activity in the manufacturing sector grew in July as the overall economy enjoyed a third consecutive month of growth, according to the Manufacturing ISM Report On Business from the Institute for Supply Management.
LIRA: Pandemic Weighs On Home Remodeling Spending
Expenditures for improvements and repairs to owner-occupied homes are expected to slow by the middle of next year as the COVID-19 pandemic continues to unfold, according to the Leading Indicator of Remodeling Activity (LIRA) released by the Remodeling Futures Program at the Joint Center for Housing Studies of Harvard University.
NRF: Retail Sales Improve In June
Retail sales rose in June, the National Retail Federation reported citing United States Census Bureau numbers, a gain that represented both a monthly increase and the first year-over-year gain since the beginning of the year as more retailers closed by the coronavirus pandemic reopened.
Coresight: Some Retailers Poised To Survive Coronavirus
The Retail Robustness Index is a Coresight Research effort to determine which retailers are best able to cope with the coronavirus crisis and Costco now ranking second might not surprise anyone.
eMarketer: Coronavirus Accelerates Digital Sales Shift
Retail sales this year will come up short of 2019 totals, but e-commerce sales will take a bigger than expected leap, according to research from eMarketer.
NRF: Retail Sales Drop During April
Retail sales dropped almost twice as much during April as they did in March as the nation’s economy saw its first full month when most businesses were closed because of the coronavirus pandemic, the National Retail Federation said.