With 77 percent of consumers surveyed celebrating, total spending for Father’s Day this year is expected to reach $15.5 billion.
The NRF and retailers from across the country went to Capitol Hill today as Congress held a hearing on legislation that would repeal debit card swipe fee reform.
According to the National Retail Federation, consumers will spend $3.3 billion on clothing for the upcoming holiday.
The television ads will be supported with a digital and print campaign and will encourage consumers to contact their members of Congress to express opposition to the border adjustment tax.
The retail trade organization also forecasts that the economy is expected to gain an average of approximately 1600,000 jobs a month. The number is down slightly from 2016 but consistent with labor market growth.
American consumers will spend an average of $75 for a total of $14.1 billion as an estimated 188.5 million watch the Atlanta Falcons face the New England Patriots in Super Bowl LI on February 5, according to the NRF.
Parker will be honored at the 2017 National Retail Federation Foundation Gala for his efforts in transforming the sport retail industry.
Last-minute shoppers are planning to purchase their gifts online (52 percent), department stores (42 percent), discount stores (27 percent), and clothing or accessories stores (21 percent).
Imports at the nation’s major retail container ports are expected to be up 3.2 percent this month over the same time last year as stores bring in the last of the merchandise for the holiday season.
More than 154 million consumers shopped over Thanksgiving weekend, up from 151 million shoppers in 2015.
Reardon returns to the retail industry as the National Retail Federation’s newest senior adviser for retail and marketing strategies.
A new survey from the NRF says that Black Friday will remain the busiest day of the holiday weekend with 74 percent planning to shop that day, the same as in 2015.
With the election falling in the middle of holiday shopping, as of mid-October many U.S. consumers say they will have a more conservative holiday spending budget this year.
The National Retail Federation announced today it expects sales in November and December to increase a solid 3.6 percent to $655.8 billion — significantly higher than the 10-year average.
A recent NRF survey of members found that 86 percent of retailers plan to have the new Europay MasterCard Visa chip card technology fully implemented by the end of 2016.
When it comes to paid social media specifically, 68 percent of retailers surveyed say they were seeing increased conversion from their paid Facebook efforts and 40 percent claim the same from paid Instagram efforts.
The National Retail Federation is forecasting that retail sales for 2016 are now expected to grow 3.4 percent over last year rather than the 3.1 percent estimate earlier.
The 2016 National Retail Security Survey, conducted in collaboration by the National Retail Federation and the University of Florida, reveals that retailers’ inventory shrink is up by $1.2 billion from 2014.
Consumers say they will spend more than ever on Father’s Day this year as they shower dads with everything from power tools to trips to the ballpark, according to the National Retail Federation’s annual survey.
According to NRF’s annual St. Patrick’s Day Spending Survey more than 125 million Americans plan to celebrate the Irish holiday and are expected to spend an average of $35.37 per person, an expected total of $4.4 billion.
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