NRF calls for 4.1 percent gain in 2014 retail sales

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Consumer spending—which represents roughly two-thirds of all economic activity—remains the linchpin of GDP growth, which happens to have shown decent gains over the last two reported quarters.

That said, the level of retail spending and related expectations is closely followed and analyzed by many. But perhaps the most telling is the National Retail Federation’s (NRF) annual economic forecast for 2014.

The NRF said last week that it expects 2014 retail sales, not including automobiles, gas stations, and restaurants, to head up 4.1% compared to 2013, which is ahead of the preliminary 2013 increase of 3.7% over 2012. And it also said that the fervent pace of e-commerce activity will continue, with a projected 9-to-12% increase in online sales.

Click here to read the full story on the Logistics Management website.


About the Author

Jeff Berman, Group News Editor
Jeff Berman is Group News Editor for Logistics Management, Modern Materials Handling, and Supply Chain Management Review. Jeff works and lives in Cape Elizabeth, Maine, where he covers all aspects of the supply chain, logistics, freight transportation, and materials handling sectors on a daily basis. Contact Jeff Berman

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Article Topics

Logistics · NRF · Retail · Retail Sales · All Topics
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Improving Packaging: The Cost of Shipping Air is Going Up
Retailers and manufacturers that insist on using inefficient and sloppy packaging methods—oversized boxes, inefficient packaging, poorly constructed palletized contents—are paying for their mistakes in sharply higher freight rates. Pitt Ohio White Paper, Logistics White Paper, Dimensional Packaging
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From the July 2016 Issue
While it’s currently a shippers market, the authors of this year’s report contend that we’ve entered a “period of transition” that will usher in a realignment of capacity, lower inventories, economic growth and “moderately higher” rates. It’s time to tighten the ties that bind.
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