Consumer spending and retail sales ended the second quarter on a soft note, according to the National Retail Federation.
Improved consumer confidence and spending helped drive retail sales in May, with a 5 percent increase from 2012.
Americans will spend a little bit more on dad this year, with the average person planning to shell out $119.84.
Retail sales increased in April following strengthening employment data and increasing housing prices.
Total spending this Mother’s Day is expected to reach $20.7 billion.
The National Retail Federation has launched a new initiative to enhance the perception of the retail industry.
Cold weather and the continued influence of payroll tax hikes caused a dip in March retail sales from February.
Easter spending is expected to remain flat this year with total spending expected to reach an estimated $17.2 billion, according to the National Retail Federation.
Retail sales beat estimates in February as consumers adjusted their spending in response to an increase in payroll taxes and higher gasoline prices.
Retail sales ticked up slightly in January, according to the National Retail Federation.
Classic toys like LEGO and Barbie are still at the top of children’s wish lists this year, but non-traditional items are also in demand.
Positive retail sales numbers in the month of October point to a good holiday sales season ahead, according to the National Retail Federation.
More than 141 million unique shoppers went shopping Thanksgiving weekend, up from 139 million last year.
Nearly half of all Americans (45.7 percent) say they are planning to spend less overall this year, after changes in federal tax law that decreased their take-home pay.
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