NRF: Holiday Sales Finish Below Forecast

WASHINGTON-Total retail sales during the just-completed holiday season rose 3 percent to $579.8 billion, less than the forecasted rise of 4.1 percent from the National Retail Federation, according to a statement from the trade association.

NRF produced its tally after yesterday's report on December retail sales from the U.S. Census Bureau, which showed that total U.S. retail sales in December increased 0.5 percent from November and 4.7 percent from December 2011. The holiday-sales gain included an increase of 11.1 percent in "non-store" sales. Shop.org, NRF's digital retailing division, had predicted that online sales for the November-December holiday period would gain 12 percent.

Matthew Shay, NRF president and CEO, said issues such as uncertainty about the economy and the fiscal cliff had a "visible impact" on shopping during the holidays. "We can't expect consumers to continue to carry the burden of growing our economy," Shay said. "Washington must put political differences aside and do what it takes to get our country growing again and Americans back to work."

HFN Staff | News & Commentary

HFN provides detailed information on the key home classifications: Housewares, Tabletop, Floor Covering & Rugs, Furniture, Home Textiles, Lighting, Home Decor, Mattresses & Bedding, Gifts, Major Appliances and Consumer Electronics as well as Business, Finance and Retail.

Videos

  • Patti Carpenter Talks Color and its Importance in the Home

    Camera Icon   More Videos

Subscribe to
HFN Omnichannel
Receive the news you need to know about the trends in the industry delivered right to your inbox.

Current Issue

  • HFN August 2017 cover

    HFN's DIGITAL EDITION

    August 2017


    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.