NRF calls for 4.1 percent gain in 2014 retail sales
Consumer spending helps GDP post decent gains over the last two reported quarters.
Latest NewsThe State of the DC Voice Market DHL launches Global Trade Barometer Get the lay of the land with Modex 2018 show map Breaking Through On Yard Visibility AGVs: Predictably Flexible More News
Latest ResourceSupply Chain Visibility: Illuminating the Path to Responsive, Agile Operations Supply chain visibility is not an end, but a tool. It is the means to achieving true supply chain effectiveness, agility and ultimately, corporate profitability.
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 AuthorJeff 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
Subscribe to Logistics Management Magazine!Subscribe today. It's FREE!
Get timely insider information that you can use to better manage your entire logistics operation.
Start your FREE subscription today!
2018 Customs & Regulations Update:10 observations on the “digital trade transformation” Moore on Pricing: Freight settlement and your TMS View More From this Issue