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Retail Sales Will Be Greater Than Anticipated In 2016, According To National Retail Federation

PYMNTS

Retailers might want to rejoice! Because consumer spending is expected to be higher than anticipated in 2016, with sales growing at a rate of 3.4 percent, the National Retail Federation said on Tuesday (July 26). In the first quarter of 2016, retail sales grew at a pace of about 4 percent.

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National Retail Federation Projects Halloween Spending Will Hit $9B

PYMNTS

billion in Halloween spending, the National Retail Federation ’s (NRF’s) annual survey projects spending for the occasion will reach $9 billion this year. Retailers are stocking up to supply children, pets and adults with their favorite decorations, candy and costumes for the season.”. percent from 2016.

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Retail Rents Set To Rise In 2016

PYMNTS

After years of slow growth brought on by the financial crisis, retail rents are recovering and are on the rise. As of Q1 2016, vacancy rates were hovering around 10 percent in 80 major U.S. As of Q1 2016, vacancy rates were hovering around 10 percent in 80 major U.S.

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PYMNTS Daily Data Dive: National Returns Day

PYMNTS

On this year’s National Returns Day — January 5, 2017 — more than 1.3 million packages were shipped back to retailers, with a total of 5.8 That’s up nearly 30 percent from 1 million packages on last year’s National Returns Day. For online retailers, it’s not unusual to see return rates of 30–40 percent.

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Record Retail Spending Expected This Valentine’s Day

PYMNTS

A recent survey showed that retailers are going to get some love on Valentine’s Day, according to reports. billion and also smashing the 2016 record of 19.7 People said they would spend an average of $161.97 on the holiday, which is up 13 percent from last year’s total of $143.56 and also topples the high of $146.84

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Retail Sales In UK Continue To Drop

PYMNTS

’s June 2016 Brexit vote continues to take hold throughout the country. Retail sales in the nation fell at the most aggressive rate since July 2016, Bloomberg reports. retailers aren’t completely pessimistic about the future, however, as many of them continue to show optimism for sales volumes to rise again.

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National ATM Council Says NYC Ordinance Is Costly, Burdensome

PYMNTS

The National ATM Council (NAC) argued in testimony to the Committee on Consumer Affairs of the New York City Council last week that a proposed ordinance would impose costly and burdensome new security regulations on ATM operators all around the city. said Renard in the same press release. “In said Renard in the same press release.

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