May 2024 - 9
HEADLINES/CALENDAR
Retail sales to top $5.2 trillion in 2024
The National Retail Federation (NRF) predicts 2024 retail
sales will increase between 2.5% and 3.5% to between
$5.23 trillion and $5.28 trillion.
" The resiliency of consumers continues to power the
American economy, and we are confident there will be
moderate but steady growth through the end of the year, "
said Matthew Shay, president and CEO of NRF. " Successful
retailers offer consumers products and services when, where
and how they want to shop with prices they want to pay. "
The 2024 sales forecast compares with 3.6% annual
sales growth of $5.1 trillion in 2023. The 2024 forecast is
in line with the 10-year pre-pandemic average annual sales
growth of 3.6%.
Non-store and online sales, which are included in the total
figure, are expected to grow between 7% and 9% year over
year to a range of $1.47 trillion to $1.50 trillion. That compares
with non-store and online sales of $1.38 trillion in 2023.
NRF projects full-year GDP growth of around 2.3%, a slower
speed than the 2.5% in 2023 but strong enough to sustain
job growth. Inflation prices are also expected to moderate to
2.2% on a year-over-year basis, due to a cooling economy, the
labor and product market coming into better balance, and
retreating housing costs.
For the latest news, visit lgrmag.com/news.
CALENDAR
To view the full events calendar, go to lgrmag.com/events
July 13-16
Cultivate'24
Columbus, Ohio
cultivateevent.org
July 15-18
Casual Market Atlanta
Atlanta, Georgia
casualmarketatlanta.com
July 16-22
Atlanta Market
Atlanta, Georgia
atlantamarket.com
Aug. 6-7
The Garden Center Show
Rosemont, Illinois
gardencentershow.com
Aug. 28-29
Griffin West Expo
Reno, Nevada
griffins.com
LGRMAG.COM | 9
http://www.lgrmag.com/events
http://www.cultivateevent.org
http://www.casualmarketatlanta.com
http://www.atlantamarket.com
http://www.gardencentershow.com
http://www.griffins.com
http://www.lgrmag.com/news
http://www.coastofmaine.com
http://www.LGRMAG.COM
May 2024
Table of Contents for the Digital Edition of May 2024
Editor's Letter
Table of Contents
Headlines/Calendar
Innovative Ideas: Can We Talk?
Green Goods: From Soil to Centerpiece: Home Cutting Gardens
Showcase: Garden Accents & Décor
Management: Revamp Your Retail Series: Pricing Products
Showcase: Birding & Wildlife
Management: Your Revenue Product Mix Matters
Showcase: Kid-Friendly
Marketplace
Ad Index
5 Minutes With ... : Karli Heineman
May 2024 - 1A
May 2024 - 1B
May 2024 - 1C
May 2024 - 1D
May 2024 - 1
May 2024 - 2
May 2024 - 3
May 2024 - Editor's Letter
May 2024 - 5
May 2024 - Table of Contents
May 2024 - 7
May 2024 - Headlines/Calendar
May 2024 - 9
May 2024 - Innovative Ideas: Can We Talk?
May 2024 - 11
May 2024 - Green Goods: From Soil to Centerpiece: Home Cutting Gardens
May 2024 - 13
May 2024 - 14
May 2024 - 15
May 2024 - 16
May 2024 - 17
May 2024 - Showcase: Garden Accents & Décor
May 2024 - Management: Revamp Your Retail Series: Pricing Products
May 2024 - 20
May 2024 - 21
May 2024 - 22
May 2024 - 23
May 2024 - Showcase: Birding & Wildlife
May 2024 - 25
May 2024 - Management: Your Revenue Product Mix Matters
May 2024 - 27
May 2024 - Showcase: Kid-Friendly
May 2024 - 29
May 2024 - Marketplace
May 2024 - 31
May 2024 - 32
May 2024 - Ad Index
May 2024 - 5 Minutes With ... : Karli Heineman
May 2024 - 35
May 2024 - 36
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