article thumbnail

NRF Report of 2023 Holiday Sales- On Target to Forecast

Supply Chain Matters

Supply Chain Matters highlights the latest report indicating both U.S. The National Retail Federation (NRF), in conjunction with its annual conference held this week, reported 2023 holiday sales based on U.S. percent over 2022, to a record high of $964.4 percent over 2022, to a record high of $964.4 Census Bureau data.

article thumbnail

ToolsGroup Partners with Planalytics to Bring Weather-Driven Analytics to Retail Planning

ToolsGroup

BOSTON, February 16, 2022 : ToolsGroup , a global leader in supply chain planning and optimization software, has partnered with Planalytics to integrate their weather-driven demand (WDD) analytics with ToolsGroup’s retail planning solutions, enabling customers to isolate, measure, and manage the influence of weather on their businesses.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

NRF Forecasts 2024 U.S. Retail Sales of $5.2 Billion

Supply Chain Matters

Last week, the National Retail Federation (NRF) forecasted its outlook for retail sales this year. Non-store and online sales included in the above figure are forecasted to grown in a range of between 7 percent and 9 percent year-over-year, equating to a range of $1.47 The 2024 forecast compares to the sales growth of $5.1

article thumbnail

The Top CPO Metrics Used to Measure Inflation, Risk, and Uncertainty

ivalua

In recent years, the overall state of Procurement has been bolstered by increased proficiency, expanding engagement, and a growing direct impact on operations. And they’re not the only ones—other department heads are also increasingly budget-conscious, creating a new opportunity to partner with procurement for better budget management.

article thumbnail

Inventory Forecasting Explained: The 2022 Guide

Unleashed

A crystal ball sometimes wouldn’t go amiss in inventory forecasting. Here we explain the methods and formulas you can use to improve your inventory forecasting, and best practices for your business when designing and carrying out this process. Techniques for 2021 What is inventory forecasting?

article thumbnail

NRF Forecasts Pre-Pandemic Level Holiday Spending

Supply Chain Matters

percent level of holiday spending, the current forecast calls for a range of between 3 percent and 4 percent over 2022 levels. A prior record established in 2022 was $929.5 The NRF forecast noted a number of headwinds facing consumers as they enter this year’s holiday period. billion for the two month period. Stay tuned.

article thumbnail

Business Advantages of Advanced Analytics

Enterra Insights

Violino notes, “It’s one thing to gather large amounts of data and apply analytics to it; lots of organizations are doing that. ” Corporate leaders are always seeking the best return on investment (ROI) and, in the digital era, no investment return is more important than one obtained through advanced analytics.