According to a press release issued by the National Retail Federation, the association predicts that 2021 retail sales will hit an all-time record for 2021. Per the release:
Holiday spending has the potential to shatter previous records, as the National Retail Federation today forecast that holiday sales during November and December will grow between 8.5 percent and 10.5 percent over 2020 to between $843.4 billion and $859 billion. The numbers, which exclude automobile dealers, gasoline stations and restaurants, compare with a previous high of 8.2 percent in 2020 to $777.3 billion and an average increase of 4.4 percent over the past five years.
NRF expects that online and other non-store sales, which are included in the total, will increase between 11 percent and 15 percent to a total of between $218.3 billion and $226.2 billion driven by online purchases. In comparison, that number is up from $196.7 billion in 2020. Listen to NRF's holiday forecast media call here.
Latest from Garden Center
- From drab to fab: How garden centers can sell more drought tolerant plants
- Online registration opens for 2025 Farwest Show
- Retail Revival: Cultivating sustainability at independent garden centers
- Rhododendron renaissance: Holden Forests & Gardens using research to improve commercial plants
- Boxed in: 2025 Axiom Gardening Outlook Study explores big box vs IGCs
- The Growth Industry Episode 3: Across the Pond with Neville Stein
- Trends: Proven Winners 2025 perennial survey shows strong demand
- Sustainabloom launches Wholesale Nickel Program to support floriculture sustainability
