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NRF report: Sandy and fiscal cliff send October retail sales downward
Washington, D.C. -- The National Retail Federation said Wednesday that, for the first time in three months, retail sales ticked down slightly as consumers cooled discretionary spending in the face of inclement weather and uncertainty in Washington.
October retail sales (excluding automobiles, gas stations and restaurants) decreased 0.3% seasonally adjusted from September yet increased 3.9% unadjusted year-over-year.
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Gift card spending to reach record $28.79 billion
Washington, D.C. -- The National Retail Federation’s 2012 holiday consumer spending survey conducted by BIGinsight showed that 81.1% of shoppers will purchase at least one gift card and will spend an average of $156.86 on gift cards, the highest amount in the survey’s 10-year history. Total spending on gift cards will reach $28.79 billion.
According to NRF’s first holiday survey, released in October, six in 10 (59.8%) of those polled said they’d like to receive gift cards this year, up from 57.7% last year.