>>
Home / Knowledge / News / Apparel/Garments / US retail sales to grow by 3.8-4.4% in 2018: NRF
US retail sales to grow by 3.8-4.4% in 2018: NRF
16
Feb '18
US retail industry sales will grow by 3.8-4.4 per cent in 2018 over last year and online and other non-store sales, which are included in the overall number, are expected to increase by 10-12 per cent, according to the economic forecast for this year by the National Retail Federation (NRF). The numbers exclude automobiles, gasoline stations and restaurants.

Retail sales grew 3.9 per cent in 2017 over 2016 to $3.53 trillion, the US Census bureau’s preliminary estimate for the year shows. The number is subject to revision but exceeded NRF’s forecast for growth between 3.2 and 3.8 per cent, according to an NRF press release.

The overall economy is expected to gain an average of 163,000 jobs a month, down slightly from 2017 but consistent with labour market growth. Unemployment is expected to drop to 3.9 per cent by the end of the year. Gross domestic product growth is likely to be 2.5-3 per cent.

“Despite headlines to the contrary, the retail industry is strong, growing and meeting consumer demand with the products they want at the prices they expect and the shopping experience they want to have, online or in store. With consumer confidence high, unemployment low and wages growing, there is every reason to believe that retail sales will be robust throughout the year,” said NRF president and CEO Matthew Shay.

Retail industry sales as defined by NRF include most traditional retail categories including non-store sales, discounters, department stores, grocery stores, specialty stores, and auto parts and accessories stores but exclude sales at automotive dealers, gasoline stations, and restaurants. Non-store sales include online sales, kiosks, catalogs, mail order and vending machines and are included in the overall number.

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. (DS)

Fibre2Fashion News Desk – India


Must ReadView All

Pic: Shutterstock

Textiles | On 26th Jan 2022

Vietnam-US trade hits $111.56 bn in 2021

Vietnam-US trade hit $111.56 billion in 2021, up by nearly $21...

Pic: Shutterstock

Textiles | On 26th Jan 2022

Turkey using less coal, hydropower; use of renewables, gas up: Ember

The use of coal and water for energy in Turkey reduced in 2021, while ...

Pic: Bangladesh Parliament Secretariat/Facebook

Apparel/Garments | On 26th Jan 2022

Trade Organisation Bill, 2022, introduced in Bangladesh parliament

The Trade Organisation Bill, 2022, aimed at allowing foreign traders...

Interviews View All

Textile Industry, Head honchos

Textile Industry
Head honchos

Great step towards realising end goal of 'AtmaNirbhar Bharat'

International apparel brands, Head honchos

International apparel brands
Head honchos

Launched first collection at onset of Covid

Gaurav Davda, Jindal Worldwide Ltd

Gaurav Davda
Jindal Worldwide Ltd

Indian MMF sector to become globally competitive

Harleen Kaur,

Harleen Kaur

Established in 2017 and headquartered New York, the label Harleen Kaur...

Dr. A Sakthivel,

Dr. A Sakthivel

Incorporated in 1978, the Apparel Export Promotion Council (AEPC) is the...

Mohammad Ali Khokon,

Mohammad Ali Khokon

<div>The Bangladesh Textile Mills Association (BTMA) is the national trade ...

Sven Ghyselinck, Devan Chemical

Sven Ghyselinck
Devan Chemical

Headquartered in Belgium and with offices in the United Kingdom, Portugal...

Asif Rahman, MIP

Asif Rahman
MIP

MIP is a manufacturer and distributor of high-performance textiles and...

Silke Brand-Kirsch, Glatfelter

Silke Brand-Kirsch
Glatfelter

Glatfelter is a leading global supplier of engineered materials. <b>Silke...

Payal Singhal, Label - Payal Singhal

Payal Singhal
Label - Payal Singhal

Leading South Asian fashion designer, <b>Payal Singhal </b>known for her...

Ramya Rao & Kavea R Chavali, Kalaneca

Ramya Rao & Kavea R Chavali
Kalaneca

<div>The journey of Kalaneca (kala-Art, Neca- Nikaah) formally began in...

Suman Nathwani, Suman Nathwani

Suman Nathwani
Suman Nathwani

Designer <b>Suman Nathwani</b> talks about her journey of opening a...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

Leave your Comments

ESTEEMED CLIENTS

C;&A Sourcing International Ltd
KAS Direct Sourcing
International Textile Manufacturers Federation
Sportswear Company Spa
Benetton Group
IDH – The Sustainable Trade Initiative
Vardhman Textile Ltd
Abit
Puma
Boardriders Asia Sourcing Limited
Helly Hansen Far East Ltd
T.T. Limited
BIRLA CENTURY A DIVISION OF CENTURY TEXTILES AND INDUSTRIES
LC Waikiki
Midas Clothing Limited
Hela Clothing Pvt Ltd
Tchibo GmbH
Brandix Lanka Limited
Guess Europe Sagl,
H;&M Hennes ;& Mauritz (Far East) Ltd
Permoda(Koaj/Armi/Pronto/Bkul)
KIABI
Alison Hayes Romania
Tommy Hilfiger
IKEA of Sweden AB
Truetzschler India Private Limited
Rosset ;& Cia Limited
Calvin Klein
Gokaldas Exports Limited
HYOSUNG CORPORATION INDIA PRIVATE LIMITED
Groz-Beckert East Asia LLP
OVS Hong Kong Sourcing Ltd.
Walmart
Green Fibre
Desigual - ABASIC, S.A.
Esprit Europe Services GmbH
Maceton Limited
G-Star Raw C.V.
Alix Partners
Babyshop
Seasalt Limited
Hirdaramani International Export Private Limited
Rayonese Textile Inc., Division de Culp Inc.
Aramark Uniform ;& Career Apparel, LLC
Gloria Jeans
John Varvatos
Gap International Sourcing Limited
Huntsman (Singapore) Pte Ltd
Phong Phu international JSC (PPJ)
Deckers Outdoor (Guangzhou) Consultant Co., LTD.
Sainsbury's Argos Asia Limited
Grasim Industries Limited
Lululemon Athletica Inc
Arvind Limited
Lifestyle
PVH Corporation
Bluestem Global Sourcing Limited
Lisa S.P.A.
Cat Tuong Real Estate Group Joint Stock Company
Landmark Group
Asos
The Top Form Brassiere Manufacturing Company Limited
Decathlon
Sportmaster Ltd.
BIMBA ;& LOLA SL
Varner AS Retail
THE BOMBAY DYEING ;& MFG.CO. LTD
Chico’ FAS
Under Armour Global Sourcing Ltd
Lenzing Aktiengesellschaft
Splash
TESCO INTERNATIONAL SOURCING LIMITED
Tory Burch Hong Kong Ltd
Lacoste (Wanchai)
Target Corporation (MN)
SYNERGIES HONG KONG LIMITED
Etam Group Strategy Hong Kong Limited
MAS Active / MAS Kreeda / MAS Bodyline
Page Industries Limited (Bangalore)
Recron Polyester from Reliance Industries Limited
Restoque S.A.
BIANCA
The LYCRA Company Singapore  Pte. Ltd
J ;& P Coats
Gatsby Africa
Reiter India Private Limited
Aquarelle Clothing Limited
Amazon China
Eastman Chemical Company
Chori Company Limited

January 2022

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


Advanced Search