NRF: 2021 retail sales could grow 13.5% to $4.56T

2021-06-10

Retail sales for 2021 are on track to grow between 10.5% and 13.5%, reaching up to $4.56 trillion, NRF said Wednesday, up from a February forecast of between 6.5% and 8.2%, as rising vaccine rates and federal relief checks spur consumers to keep spending. "The economy and consumer spending have proven to be much more resilient than initially forecasted," NRF President and CEO Matthew Shay said.

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