NRF forecasted in February that retail sales would grow 4.1 percent in 2015 over 2014, but today’s revision lowers that forecast to 3.5 percent.
Despite these obstacles, NRF does
“Despite all of these hurdles, we are optimistic that consumer spending during the second half of the year will benefit from recent improvements in the housing and labor markets along with lower energy costs, and believe consumer confidence will grow enough to bolster retail purchases for the year,” says Matthew Shay, president and chief executive officer, NRF.
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