In this month’s post, NRF Chief Economist Jack Kleinhenz reviews a new report by the Federal Reserve Bank of Cleveland, The Shifting Source of New Business Establishments and New Jobs, and explains why retail is a popular sector to explore when examining the trend toward multi-unit establishments.
NRF’s Monthly Economic Review is a report for NRF and its communities’ members that includes the latest information on industry sales, providing a thorough overview of the current retail and economic climate.
Prepared by NRF chief economist Jack Kleinhenz, the report utilizes recent economic data to analyze the impact of key indicators such as energy costs and the housing market on retail sales growth.