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.
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.
More than 141 million unique shoppers went shopping Thanksgiving weekend, up from 139 million last year.
The shortened holiday shopping season drove consumer spending in November, according to the National Retail Federation.
Nearly half (49.9 percent) of holiday shoppers plan to do the remainder of their holiday shopping online.
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