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Day 2 of BIG Show kicks off with goodwill headliners
New York -- Monday launched with heavily attended keynote addresses at the National Retail Federation’s 102nd BIG Show at the Jacob Javits Center in New York City.
Former United Nations secretary-general Kofi Annan shared his views about the state of world politics, joined by moderator and Macy’s CEO Terry Lundgren, who also is the outgoing chairman of the NRF.
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NRF: Holiday sales up 3%, falling short of 4.1% forecast
New York -- Total holiday retail sales increased 3% to $579.8 billion, below the National Retail Federation s projected forecast of 4.1%. Non-store holiday sales grew 11%, below the 12% growth forecast by Shop.org. (The NRF sales figures exclude automobiles, gas stations and restaurants.)
“For over six months, we’ve been saying that the fiscal cliff and economic uncertainty could impact holiday sales. As the number shows, these issues had a visible impact on consumer spending this holiday season,” said Matthew Shay, CEO, NRF.