Overall holiday retail sales reached their highest level since 2011 last November and December, increasing 4 percent from 2013 to $616.1 billion.
Frank Blake, former chief executive officer and current chairman of The Home Depot, has been named the 2015 recipient of the National Retail Federation’s Gold Medal Award.
Holiday shoppers took advantage of deep discounting and early sales causing a lift in retail spending in November.
Early holiday promotions, the continued growth of online shopping and an improving economy changed the way millions of people approached Black Friday.
After 11 years on top, Disney's Frozen has beat out Barbie as the top girls' toy brand this holiday season, according to the National Retail Federation.
Shoppers are taking their time in hopes of deeper discounts over the Thanksgiving weekend and late in the season, according to National Retail Federation.
The average person celebrating Christmas, Kwanza and/or Hanukah this year will spend $804.42, up nearly 5 percent over last year’s actual $767.27.
August retail sales increased 2.7 percent unadjusted year-over-year, according to the National Retail Federation.
Some families have only scratched the surface of their back-to-school shopping lists as of mid-August, according to the National Retail Federation.
The National Retail Federation has lowered its retail sales forecast for 2014, but expects sales to grow significantly faster over the next five months.
Spending has leveled off in the beginning of the year due in part to severe winter weather in much of the country.
American consumers powered through the winter weather lifting retail sales in February.
Consumers will welcome the Easter Bunny with open arms this year with total spending on the holiday expected to reach $15.9 billion.
Warmer spring weather spurred continued consumer spending this March, according to the National Retail Federation.
Despite nicer spring weather, consumers tempered their spending in the month of April, according to the National Retail Federation.
As the retail sector continues to evolve, brand licensors have to keep abreast of retail trends in order to maximize all opportunities.
The National Retail Federation estimates that food sales will reach $6.2 billion ($68.16 per household) this Independence Day.
Families will spend slightly more on back-to-school items than last year, according to the National Retail Federation’s 2014 Back-to-School survey.
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