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Valentine's Day 2022: Spending expected to near $24B - fox29.com - city New York

02.02.2022 / 04:43

Valentine's Day 2022: Spending expected to near $24B

nation's largest retail trade group estimated that consumers are going to collectively dole out nearly $24 billion on Valentine's Day this year, marking the second-highest year on record.This year's projection is an increase from the $21.8 billion consumers spent in 2021, according to an annual survey by National Retail Federation and Prosper Insights & Analytics. However, this year's projection falls just short of the $24.7 billion spent in 2020.The NRF's data comes just after holiday spending in 2021 grew 14.1% over the prior year to a record $886.7 billion. "Following the historic level of consumer spending over the winter holidays, it appears that the trend will continue into 2022," NRF CEO Matthew Shay said in a statement.More than half of U.S.

city New York CEO Man Matthews

Brian Cornell - Halloween spending to reach record $10.6B: NRF - fox29.com

21.09.2022 / 03:21

Halloween spending to reach record $10.6B: NRF

Halloween spending will reach a new record this year as participation in the holiday spikes despite the tumultuous economy. The nation's largest retail trade group projected that Halloween spending will reach a new record this year as participation in the holiday spikes despite the tumultuous economy. Total spending, which includes costumes, decorations and parties, is expected to notch a record $10.6 billion, outpacing last year's record figure of $10.1 billion, according to the National Retail Federation’s (NRF) annual survey conducted by Prosper Insights & Analytics. The trade group projected that participation in Halloween activities will reach pre-pandemic levels, with 69% of consumers planning to celebrate, the NRF reported. Last year, Halloween participation was 65% but in 2019, it was around 68%.

Brian Cornell economy reports Party

Cindy Ord - Companies allow people to opt-out of Valentine’s Day emails - fox29.com - Usa

29.01.2022 / 04:31

Companies allow people to opt-out of Valentine’s Day emails

FILE - Valentine's Day balloons and flowers are sold outside a convenience store. (Cindy Ord/Getty Images)Companies that send out regular marketing emails are actually allowing consumers to opt out of their Valentine’s Day promotions this year, according to multiple reports. For those who loathe the holiday, companies are being more thoughtful when it comes to bombarding people with emails about great deals and new products ahead of Feb.

Cindy Ord Usa president pandemic reports

2021 holiday sales projected to hit new records - fox29.com

28.10.2021 / 04:03

2021 holiday sales projected to hit new records

retail trade group projected Wednesday that holiday sales may "shatter previous records" even with the economy facing a range of headwinds including supply chain disruptions, inflationary pressures to widespread labor shortages. Over the next two months, the National Retail Federation (NRF) estimated that spending could grow as much as 10.5% over 2020, with total sales reaching between $843.4 billion and $859 billion. By comparison, sales grew 8.2% to $777.3 billion in 2020. "There is considerable momentum heading into the holiday shopping season," NRF CEO Matthew Shay said.Last year, digital channels saw "extraordinary growth" as more consumers turned to their computers to purchase gifts rather than going to physical stores.

2020 economy crisis

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