retail sales

Retail Sales Increase to 4.1% in 2014

Retail Sales Increase to 4.1% in 2014

This year’s retail-industry sales are expected to increase 4.1%, up from 3.7% in 2013, according to the National Retail Federation’s 2014 economic forecast. Furthermore, online sales are expected to grow between 9% and 12%. The forecast includes traditional retail categories, such as specialty stores.

National Retail Federation Forecasts 3.4% Increase in Retail Sales for 2013

National Retail Federation Forecasts 3.4% Increase in Retail Sales for 2013

General retail-industry sales will increase 3.4%, according to the National Retail Federation’s recently released 2013 economic forecast. The projection follows the recent 3% growth seen in holiday sales, as well as the NRF’s preliminary projection of 4.2% growth seen in 2012.

Online sales are expected to grow between 9% and 12%—possibly just above the 11.1% growth seen in online sales this past November and December—according to Shop.org, NRF’s digital division.

Retail Sales Get a Boost in January

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January retail-industry sales—excluding automobiles, gasoline stations and restaurants—increased 0.9% from December and 4% over last year, according to the National Retail Federation.

Holiday Sales Exceed Expectations

Holiday retail sales surpassed expectations this past season, rising 4.1% to $471.5 billion; slightly higher than the National Retail Federation forecast of 3.8% growth.

According to the NRF, December retail-industry sales (excluding automobiles, gas stations and restaurants) increased 4.1% over the prior year and decreased .06% from November.