NRF expects ‘slower trajectory for consumer spending’ in 2025 as tariffs fuel uncertainty, inflation fears

Retail sales could grow 3.7% at best — or well under 3% — as many consumers reach the limits of their spending power, according to the trade group.

Apr 3, 2025 - 16:02
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NRF expects ‘slower trajectory for consumer spending’ in 2025 as tariffs fuel uncertainty, inflation fears

Retail sales could grow 3.7% at best — or well under 3% — as many consumers reach the limits of their spending power, according to the trade group.