NRF Forecasts Modest Sales Gains This Holiday Season

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NRF Forecasts Modest Sales Gains This Holiday Season

Sales in November and December are expected to increase 3.9% to $602.1 billion, according to the National Retail Federation. The forecast is over 2012’s actual 3.5% holiday season sales growth and higher than the 10-year average holiday-sales growth of 3.3%.

“Our forecast is a realistic look at where we are right now in this economy—balancing continued uncertainty in Washington and an economy that has been teetering on incremental growth for years,” says NRF president and CEO Matthew Shay.

Social-Media, Mobile Shopping Becoming the Norm

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Courtesy of Pinterest

Shoppers’ use of Pinterest to connect to retailers has exceeded both their Facebook and Twitter use, according to the 2012 “Social and Mobile Commerce Study”—a joint research project by the National Retail Federation’s division, digital business-analytics firm comScore and global-strategy and management consulting firm T

NRF Addresses Mobile-Payment Regulation

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The National Retail Federation has urged the Federal Trade Commission to move cautiously in establishing regulations for mobile payments, and said any rules that are adopted should parallel those for the underlying form of payment and not be specific to the technology.

NRF Announces Retail Video Contest Finalists

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The National Retail Federation has announced the top 10 finalists of its “This is Retail” video contest, which were determined after a week of public voting through NRF’s Retail Means Jobs website. More than 245,000 votes were cast for the Top 20 finalists between April 3 and April 8.

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.

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