NJBIA - New Jersey Business & Industry Association
New Jersey Business & Industry Association
Retail sales soared 9.8% in March as hundreds of billions of dollars in federal stimulus checks were delivered to American households and the increasing availability of COVID-19 vaccines helped ignite a surge in consumer spending. The Census Bureau data released Thursday by the U.S. Department of Commerce estimated retail and food services sales for March […]
Finances and health concerns are on the minds consumers this year, who are expected to spend $1,387 per household this holiday season, down 7% from 2019. Deloitte’s annual survey finds that although most consumers (71%) reported that their household’s financial situation is similar or better than last year, the uncertainty about their future finances and […]
This year’s holiday retail sales are likely to be muted, with growth of 1% to 1.5% compared to last year that will generate sales of about than $1.1 billion during the November to January timeframe, according to Deloitte’s annual estimate for 2020. However, e-commerce sales are expected to balloon by 25% to 35% year over […]
Although retail spending registered a modest increase in July, economists say the August numbers may take a hit if parents decide to have their children continue with virtual classes in the fall. According to Retail Dive, the back-to-school shopping season, which is an important period for retailers and a precursor to holiday sales, may be […]
Everything you need in one email.
© 2019 NJBIA. All rights reserved.
New Jersey Business & Industry Association
10 West Lafayette Street Trenton, NJ 08608-2002
Tel: 609-393-7707
