Retail

Retail sales to rise 10.5%

0


Shoppers wear protective masks inside the Glendale Galleria shopping mall in Glendale, California, on Thursday, May 6, 2021.

Bing Guan | Bloomberg | Getty Images

One of the country’s largest retail trade groups, the National Retail Federation, boosted the industry’s outlook for the year on Wednesday, saying it anticipates “the fastest growth that we’ve seen in this country since 1984.”

Retail sales are expected to grow between 10.5% and 13.5% to an estimated total of $4.44 trillion to $4.56 trillion in 2021, as the economy rebounds from the pandemic and customers spend money they have socked away, NRF’s Chief Economist Jack Kleinhenz said at a virtual event. That forecast includes store…



Source cnbc.com

0 0 votes
Article Rating

Kepler Communications raises $60 million expand network, add US office

Previous article

Massive new housing community will have no carbon footprint, developer says

Next article

You may also like

Subscribe
Notify of
guest
0 Comments
Inline Feedbacks
View all comments

More in Retail