US retail according to the NRF
Forbes reported that the National Retail Federation (NRF) increased its retail sales forecast for 2018 to at least a 4.5% increase over 2017. According to the NRF, 73% of US retailers are exceeding earnings estimates and 63% are beating revenue estimates in the second quarter – "The industry has the potential to achieve a truly ground-breaking year." This is despite concerns about the uncertainty of the escalating tariffs between the US and China. “We believe the future is bright for retail,” said the NRF’s CEO.