NRF: Holiday Retail Sales Climb 4.1 Percent
January 12, 2012,
WASHINGTON-U.S. retail sales during the 2011 holiday season totaled $471.5 billion, up 4.1 percent, according to the National Retail Federation.
NRF said the growth rate surpassed its sales forecast calling for a 3.8 percent increase. "The right mix of strong promotions, lean inventories and an emphasis on value put retailers in the perfect position to end the year on a high note," said Matthew Shay, NRF's president and CEO.
NRF Chief Economist Jack Kleinhenz said, "Though we are seeing evidence that the economy still has a critical hold on consumers' purchase decisions, (the holiday) strength in spending could continue into 2012."
Other Articles By Author
Patti Carpenter Talks Color and its Importance in the Home
HFN's DIGITAL EDITION
COVER STORY: Sharpening the Focus on Millennials
Find out what makes Millennials tick when it comes to home decorating, shopping and at-home entertaining with HFN's annual consumer study. Turns out, Millennials favor the in-store shopping experience.
ALSO IN THIS ISSUE:
- Power of the People - Crowdfunding campaigns provide needed capital, feedback for home and housewares product launches.
- Omnichannel Retailing: Visual Search Takes Off - Learn how voice and visual search are revolutionizing product discovery.