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NRF: Economy Expected to See Fastest Growth in Two Decades

Supply chain woes and soaring prices defined the past year. What lies ahead? Read the 2022 Sourcing Report for a deep global dive, plus expert insights on navigating the sourcing roller coaster.

Retail’s key trade group, the National Retail Federation, is forecasting annual retail sales in 2021 to grow between 6.5 and 8.2 percent. That would represent the highest growth rate since 2004, when the rate rose 6.3 percent, according to Jack Kleinhenz, NRF’s chief economist. At that level, annual retail sales in 2021 could reach between…

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