NRF projects mild growth of 4.7% in 2006
January 17, 2006,
New York -- The National Retail Federation (NRF) today predicted that 2006 retail industry sales will increase 4.7 percent from last year. In 2005 retail sales were up 6.1 percent, somewhat higher than the 5.6 percent gain NRF had forecast.
The NRF expects 2006 first quarter retail sales to increase 5.0 percent, compared to gains of 6.5 percent in the fourth quarter of 2005. The organization pointed to several retail categories (home was not among them) where it expects relatively strong business in 2006: clothing and fashion accessories, food and beverage, health and personal care.