Total back-to-school spending is expected to reach $80.7 billion, down from $82.7 billion last year, according to The National Retail Federation’s annual survey. Here is what retailers can expect from shoppers this school season.
The National Retail Federation is predicting retail sales will increase between 3.8% and 4.4% in 2019 to more than $3.8 trillion, despite ongoing threats of a trade war, a volatile stock market and the impact of the recent government shutdown.
Father’s Day spending is expected to reach $15.3 billion in sales this year. A new study by the National Retail Federation found that a total of 77% of shoppers will spend an average of $133 per person. Here is what the rest of the survey results revealed for Father’s Day spending.
The National Retail Federation announced its holiday retail sales for November and December. It is expecting an increase of 3.6% to 4% for a total of $678.75 billion to $682 billion, up from $655.80 billion last year. See what is aiding in the increase in sales this holiday season.
The National Retail Federation reported that only 13 of parents have completed all their shopping while 23% had not started at all. See what other trends are expected this back-to-school season.
The proposed Marketplace Fairness Act, which allows states to collect tax from out-of-state online sellers even if they don’t have a physical presence there, was recently reintroduced in the Senate. The effort is being lauded by the National Retail Federation, which represents many brick-and-mortar companies. See what the new measure calls for and how it would impact retailers.