Retail Supply Chain

NRF is pegging 2024 retail sales to increase between 2.5%-to-3.5% to between $5.23 trillion and $5.28 trillion. Should this forecast come to fruition, NRF said that it would top 2023 retail sales, which rose 3.6% to $5.1 trillion.

Commerce reported that February retail sales, at $700.7 billion, rose 0.6% compared to January and were up 1.5% annually. NRF reported that February’s core retail sales, which it bases on Census data and excludes automobile dealers, gasoline stations, and restaurants, saw a 0.2% seasonally-adjusted increase over January and a 5.5% annual increase on an unadjusted basis.

December retail trade sales saw a 0.6% gain over November and were up 4.8% annually, and non-store retailers, which includes e-commerce, increased 9.7% annually.  

Commerce reported that November retail sales, at $705.7 billion, were up 0.3% compared to October and rose 4.1% compared to November 2022. NRF reported that November retail sales, which does not include automobile dealers, gasoline stations, and restaurants, increased 3.3% annually on an unadjusted basis on a three-month moving average and up 3.7% annually through November on an annual year-to-date basis.

Commerce reported that total October retail sales, at $705.0 billion, were off 0.1% compared to September and posted a 2.5% annual gain. NRF reported that October retail sales, which does not include automobile dealers, gasoline stations, and restaurants, increased 3.1% annually on an unadjusted basis on a three-month moving average through October, while posting a 3.7% annual gain through the first ten months of 2023.

thredUP’s design allows the DC to quickly process orders.

In its forecast, NRF is calling for 2023 retail sales to see an annual increase between 4%-to-6%, coming in between $5.13 trillion-to-$5.23 trillion. This annual forecast, trails the 7% rate of annual retail sales growth seen in 2022, for a total of $4.9 trillion. And NRF said that the 2023 forecast tops the pre-pandemic, average annual retail sales growth rate of 3.6%.

On this Episode, Rosemary Coates, Executive Director of the Reshoring Institute, and Annie Paredes, Director of Customer Service at CBX Global Central America discuss the apparel industry’s shift to Honduras.

In this webinar, AutoStore automation experts, Jon Schechter and Russ Holmes share some tips retailers can use to meet the changing e-tailer environment and how automation can help support and enhance your operations.

Fulfillment center expansion in Fishkill, N.Y. and grand opening in Longview, Texas fuel greater processing power, increased automation, and job growth, all while meeting customer demand

Ahmed Ali, co-founder of Robomart, has a new take on retail he calls store hailing. The idea is simple: Instead of you going to the store, he’ll bring the store to you.

NRF stated that a record year could be on tap for 2021 holiday retail sales (NRF defines holiday sales as sales from November 1-December 31, excluding automobile dealers, gasoline stations, and restaurants), projecting an increase between 8.5%-to-10.5%, coming in between $843.4 billion and $859 billion.

Deal for vendor whose AI-based software improves forecasts and optimizes inventory allocations grows Zebra's retail and consumer packaged goods (CPG) software portfolio

Commerce reported that July retail sales—at $617.7 billion—were off 1.1% compared to June’s revised $624.7 billion and topped July 2020 by 15.8%.

The rapid growth in online sales has magnified the problems of aging distribution networks