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Key findings from the NRF ‘State of Retail & the Consumer’ 2023

Jacob Roseburrough
Jacob Roseburrough Director of Marketing

NRF Retail Sales Forecast

In late March, the National Retail Federation released their retail sales forecast at the State of Retail and the Consumer event. In this article, we highlight the key takeaways and what it means for middle market and enterprise brands.

NRF forecasts moderate retail sales growth in 2023

The National Retail Federation 2023 forecast anticipates moderate retail sales growth between 4 and 6 percent. This year follows three-consecutive years of strong retail sales growth but is still expected to outpace the pre-pandemic period.

Online sales are expected to grow over 10 percent

Non-store and online sales are expected to grow between 10 and 12 percent per the National Retail Federation forecast. Yet, brick and mortar stores remain the main point of purchase for consumers accounting for 70 percent of retails sales. 

The future of retail is omnichannel

Middle market and enterprise firms must prioritize developing omnichannel sales experiences to meet today’s consumer expectations. With WarehouseQuote, middle market and enterprise businesses can design efficient B2B and B2C fulfillment networks connected by a single technology platform. 

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About WarehouseQuote

WarehouseQuote is a managed warehousing solution helping middle market and enterprise businesses scale their warehouse operations with precision. Through our 3PL warehousing and fulfillment network of 250+ facilities, integrated technology platform, and in-house supply chain expertise, we enable businesses to design efficient fulfillment networks connected by a single technology platform. Hundreds of B2B and B2C businesses like Chatime, Joyride, Benitago Group, Big Ass Fans, and Mighty Good Solutions use WarehouseQuote to scale, streamline, and optimize their warehouse operations.

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