Walmart maintained its top ranking with a robust online marketplace and a range of new financial resources for shoppers
“Consumers’ behavior and spending power are tied to their financial health, and the consumer sector looks good at the moment”
The annual award recognizes designers and retailers who have left an indelible mark on our industry
Artificial Intelligence is becoming part of the design arsenal
The top gifts include candy, greeting cards, flowers, an evening out, jewelry, clothing and gift cards
“Consumer spending was remarkably resilient throughout 2023 and finished the year with a solid pace for the holiday season”
Full-year sales for 2023 also up from a year earlier
Overall return rate is higher for online retailers
NRF Vice President of Asset Protection and Retail Operations David Johnston testified on behalf of the retail industry
The Census Bureau said overall retail sales in November were up 0.3% from October and up 4.1% year over year
“Retailers use AI to better serve their customers, improve the shopping experience and increase the efficiency of their operations”
Overall retail sales in October were down 0.1% from September but up 2.5% year over year
2023 shopping total in line with pre-pandemic increases: NRF
“The 2024 honorees showcase the depth, diversity and ingenuity found throughout the retail industry”
Attending parties, trick-or-treating also on post-pandemic uptick
“This was a positive report with no sign of an abruptly slowing economy despite what has happened with inflation and interest rate pressures”
Agreement “provides stability to the supply chain and assurance” to retailers and other businesses, CEO says
Experience and subscription gifts also rise to new highs
Disruptions at California ports follow impasse with labor deal
"... We're not seeing the explosive demand we saw the past two years," NRF President Jonathan Gold says
