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.
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.
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.
Combined holiday sales in November and December increased 3.8 percent year-over-year to $601.8 billion, according to the NRF.
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.
Nearly half (49.9 percent) of holiday shoppers plan to do the remainder of their holiday shopping online.
The shortened holiday shopping season drove consumer spending in November, according to the National Retail Federation.
More than 141 million unique shoppers went shopping Thanksgiving weekend, up from 139 million last year.
Total spending this Mother’s Day is expected to reach $20.7 billion.
Retail sales increased in April following strengthening employment data and increasing housing prices.
Americans will spend a little bit more on dad this year, with the average person planning to shell out $119.84.
Improved consumer confidence and spending helped drive retail sales in May, with a 5 percent increase from 2012.
Consumer spending and retail sales ended the second quarter on a soft note, according to the National Retail Federation.
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