The Evolution of Retail: Insights from NRF 2024 Consumer Data Panel

The NRF’s 2024 Consumer Data Panel discussed retail’s evolution, holiday sales growth, and factors influencing consumer behavior. The impact of gas prices and cyber events, the “Return Conundrum,” and increased consumer savings were highlighted. The importance of personalized experiences, consumer spending power, and the resilient labor market were emphasized, providing valuable insights for retailers preparing for 2024.