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NRF: Economy Expected to See Fastest Growth in Two Decades

COVID-19 recovery is on the horizon but the pandemic's impact on sustainability, retail, product development and consumer buying patterns means the denim industry must evolve. Join Rivet on April 20th at 11 am ET for the COVID, One Year Later roundtable.

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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