NRF Predicts Strong Holiday Sales

The National Retail Federation said that it expects holiday retail sales in November and December, excluding automobiles, gasoline and restaurants, to increase between 4.3% and 4.8% over 2017 for a total of $717.45 billion to $720.89 billion.

Housewares Vendors Expect Tax Cuts To Boost Business

Following a year that many labeled as disruptive as retailers continued to wrestle with changes in consumer behavior, several segments of the housewares industry finished 2017 strong and industry leaders are now looking toward additional growth this year driven in part by the recent federal tax cut package.

NRF: Younger Consumers Will Spend More On Holidays

Most consumers say they will spend about the same amount during the holiday season this year as last year, but a new survey released by the National Retail Federation and Prosper Insights & Analytics indicates that young adults ages 18 to 24 years old are the most likely to increase spending.

NRF: Year-Over-Year August Sales Grow

Monthly sales figures from the National Retail Federation show year-over-year sales in August were up 3.7%, but sales on a seasonal basis were off 0.2% from July. The figures exclude automobiles, gasoline stations and restaurants.

Census Bureau: Retail Sales Dip In May

According to the United States Census Bureau, advance estimates of U.S. retail and food services sales for May 2017, adjusted for seasonal variation and holiday and trading-day differences, but not for price changes, were $473.81 billion, a decrease of 0.3% from April but up 3.8% from May 2016.

LIRA: Home Renovation Spending To Slow

Strong gains in home remodeling and repair activity are expected to ease moving into next year, 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.

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