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.
The National Retail Federation estimates that food sales will reach $6.2 billion ($68.16 per household) this Independence Day.
As the retail sector continues to evolve, brand licensors have to keep abreast of retail trends in order to maximize all opportunities.
Despite nicer spring weather, consumers tempered their spending in the month of April, according to the National Retail Federation.
Warmer spring weather spurred continued consumer spending this March, according to the National Retail Federation.
Consumers will welcome the Easter Bunny with open arms this year with total spending on the holiday expected to reach $15.9 billion.
American consumers powered through the winter weather lifting retail sales in February.
Spending has leveled off in the beginning of the year due in part to severe winter weather in much of the country.
The National Retail Federation anticipates “continued, measured growth” in retail sales this year, as much of the issues that caused volatility in 2013 have been resolved.
On the heels of a healthy yet reserved holiday shopping season, consumers aren’t quite ready to splurge on Valentine’s Day this year.
Nearly half (49.9 percent) of holiday shoppers plan to do the remainder of their holiday shopping online.
The National Retail Federation will honor Costco co-founder and board member Jim Sinegal with the Gold Medal Award at its annual conference next week.
Combined holiday sales in November and December increased 3.8 percent year-over-year to $601.8 billion, according to the NRF.
This year’s annual NRF conference and expo, held earlier this week in New York City, heavily focused on omni-channel retailing, customer engagement and data mining.
With Super Bowl XLVIII expected to draw an estimated 181 million viewers, the NRF predicts that total spending for the event will top $12.3 billion.
The National Retail Federation is predicting that parents will spend less on back-to-school than last year.
July was a mixed bag for retailers, with sales gains in some categories but declines in others.
Back-to-school shopping began earlier than ever this year, according to the National Retail Federation.
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