Total spending on significant others for the holiday is expected to reach a record $14.2B.
For every $1 billion in sales, the average retailer incurs $166 million in merchandise returns.
The number of people who shopped in stores increased this year.
Adult-beverage purveyors, home-improvement stores lead the way.
The NRF has revised its retail sales forecast upward.
The National Retail Federation prediction was revised from its earlier numbers revealed in February.
They say mask enforcement for unvaccinated individuals should not fall to retail employees.
The trend is expected to continue through the remainder of 2021.
'NRF is optimistic that the recovery is accelerating and the needed rebuilding of the economy is underway.'
The figures 'reflect a very strong start for consumers and retailers.'
Fewer consumers planning to purchase Valentine’s Day gifts this year.
But sales clothing and clothing accessory stores were down 14.9%.
'Retailers are investing millions to fight these crimes.'
The season 'will be unlike any other,' according to the federation.
Retailers are ready with 'deep discounts, robust inventory and ... the best experiences possible.'
Continued economic stimulus measures are needed, says one retail expert.
The National Retail Federation released a new survey.
The group applauded the policies set by Walmart and others.
But no one can say for sure.
'Previous downturns offer little guidance on what is likely to unfold over the next six to 12 months,' he says.
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