Home / Knowledge / News / Apparel/Garments / Retail sales likely to rise 3.2-3.8% for 2017: NRF
Retail sales likely to rise 3.2-3.8% for 2017: NRF
Sep '17
It is expected that the retail sales for 2017 is likely to increase between 3.2 to 3.8 per cent rather than the 3.7 to 4.2 per cent forecast in February this year, according to the National Retail Federation (NRF). Online and other non-store/online sales, which are included in the overall number, are expected to increase between 8 and 12 per cent.

The change in the economic forecast is following a revision by the United States government.

“Meaningful revisions to retail sales numbers by the Census Bureau and similar revisions to personal income and consumption by the Bureau of Economic Analysis have both affected our forecast and have required us to adjust our 2017 sales projection,” NRF chief economist Jack Kleinhenz said. “While weaker-than-expected spending in the first quarter along with decelerating inflation has also contributed to the revision, NRF anticipates stronger sales heading into the fall and holiday seasons.”

Kleinhenz said total retail sales have grown year-over-year every month since November 2009, and retail sales as calculated by NRF — which excludes automobiles, gasoline stations and restaurants — have increased year-over-year in all but one month since the beginning of 2010.

NRF is the world’s largest retail trade association, representing discount and department stores, home goods and specialty stores, Main Street merchants, grocers, wholesalers, chain restaurants and internet retailers from the United States and more than 45 countries. Retail is the nation’s largest private sector employer, supporting one in four US jobs — 42 million working Americans. Contributing $2.6 trillion to annual GDP, retail is a daily barometer for the nation’s economy. (RR)

Fibre2Fashion News Desk – India

Must ReadView All

Pic: Anton_Ivanov / Shutterstock.com

Retail | On 27th Jan 2022

UK retail sales volumes fall at fastest rate in 11 months in Dec 2021

UK retail sales volumes fell by 3.7 per cent in December 2021, the...

Pic: Shutterstock

Textiles | On 27th Jan 2022

New train route links China’s Suzhou city to Milan in Italy

A new China-Europe freight train route has been started between...

Pic: Shutterstock

Apparel/Garments | On 27th Jan 2022

UN-WTO report underrates Bangladesh's RMG industry progress: BGMEA

The recent United Nations-World Trade Organisation joint report has...

Interviews View All

International apparel brands, Head honchos

International apparel brands
Head honchos

Launched first collection at onset of Covid

Textile Industry, Head honchos

Textile Industry
Head honchos

Switch was not 100% pandemic related

Textile Industry, Head honchos

Textile Industry
Head honchos

Marry with brand ethos

Dr. Catherine Tubb,

Dr. Catherine Tubb

Created in 2018 to investigate the risk of market failure related to...

Erwin Devloo,

Erwin Devloo

The Picanol Group is a diversified industrial group active worldwide in...

Vikash & Vishal Pacheriwal,

Vikash & Vishal Pacheriwal

Launched in 2018, Raisin is a contemporary fusion fashion brand that aims...

Johann-Philipp Dilo, Dilo Group

Johann-Philipp Dilo
Dilo Group

German company Dilo Group is one of the leading equipment suppliers of...

Dave Rousse, INDA

Dave Rousse

INDA, a global association of the nonwoven fabrics industry, has been...

Giulio Cesareo, Directa Plus

Giulio Cesareo
Directa Plus

UK-based Directa Plus is one of the largest producers and suppliers...

Bav Tailor, Label Bav Tailor

Bav Tailor
Label Bav Tailor

Born in London and Indian by origin, <b>Bav Tailor </b>is the Founder of...

Anju Modi, Label Anju Modi

Anju Modi
Label Anju Modi

Filmfare Award winner for best costume designer,<b> Anju Modi </b>is...

Samant Chauhan, Label Samant Chauhan

Samant Chauhan
Label Samant Chauhan

Delhi based fashion designer, <b>Samant Chauhan</b> who mostly works on...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


Letter To Editor

(Max. 8000 char.)

Search Companies


Leave your Comments


IDH – The Sustainable Trade Initiative
Page Industries Limited (Bangalore)
Boardriders Asia Sourcing Limited
Amazon China
Gokaldas Exports Limited
Desigual - ABASIC, S.A.
T.T. Limited
Lululemon Athletica Inc
Sainsbury's Argos Asia Limited
Phong Phu international JSC (PPJ)
Tommy Hilfiger
John Varvatos
Recron Polyester from Reliance Industries Limited
Calvin Klein
Tchibo GmbH
Esprit Europe Services GmbH
PVH Corporation
Rayonese Textile Inc., Division de Culp Inc.
Rosset ;& Cia Limited
Gloria Jeans
Alison Hayes Romania
Aramark Uniform ;& Career Apparel, LLC
Sportswear Company Spa
Landmark Group
H;&M Hennes ;& Mauritz (Far East) Ltd
International Textile Manufacturers Federation
Truetzschler India Private Limited
Etam Group Strategy Hong Kong Limited
Chico’ FAS
Seasalt Limited
IKEA of Sweden AB
Brandix Lanka Limited
NITI Aayog
Groz-Beckert East Asia LLP
Lenzing Aktiengesellschaft
Huntsman (Singapore) Pte Ltd
KAS Direct Sourcing
Reiter India Private Limited
Cat Tuong Real Estate Group Joint Stock Company
LC Waikiki
Midas Clothing Limited
J ;& P Coats
OVS Hong Kong Sourcing Ltd.
Helly Hansen Far East Ltd
Maceton Limited
Target Corporation (MN)
C;&A Sourcing International Ltd
Tory Burch Hong Kong Ltd
Hirdaramani International Export Private Limited
Chori Company Limited
Under Armour Global Sourcing Ltd
Lacoste (Wanchai)
SHAHI Exports Pvt Ltd
Guess Europe Sagl,
Green Fibre
Grasim Industries Limited
Vardhman Textile Ltd
Sportmaster Ltd.
Vianney Textil Hogar S.A. De C.V.
The Top Form Brassiere Manufacturing Company Limited
Restoque S.A.
Varner AS Retail
Gatsby Africa
Bluestem Global Sourcing Limited
Hela Clothing Pvt Ltd
Gap International Sourcing Limited
Alix Partners
Lisa S.P.A.
G-Star Raw C.V.
MAS Active / MAS Kreeda / MAS Bodyline
Aquarelle Clothing Limited
Eastman Chemical Company
Arvind Limited
The LYCRA Company Singapore  Pte. Ltd
Sateri (Jiujiang) Fiber Co.,Ltd

January 2022

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

Advanced Search