This is an excerpt from Thursday’s (2/25) Point of Sale retail supply chain newsletter sponsored by ArcBest.
Retail sales are expected to grow this year between 6.5% and 8.2%, amounting to more than $4.33 trillion, according to the National Retail Federation’s annual sales forecast released Wednesday.
Preliminary results indicate retail sales grew 6.7% in 2020, despite the challenges from the global health crisis. That total nearly doubles the NRF original forecast of 3.5% prior to the pandemic...
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