The Nationwide Marketing Group Independent Retail Confidence Index (NMG Index) soared to a record high entering April 2021.
Independent retailers saw their confidence levels increase to near-record highs in the March NMG Index survey. The climb was driven by anticipated spending as consumers receive more stimulus checks and tax return payouts.
The overall confidence of the Independent retail channel remained relatively unchanged in February, but dealers reported some interesting details about what drove their confidence in February.
Nationwide Marketing Group’s independent retail confidence index report remained relatively flat heading into the first month of 2021.
Despite a dip in confidence heading into the final month of 2020, Independent retailers continue strong performance in the December NMG Index.
The November NMG Index inched up in November, setting the Independent retail channel up for a strong push during the final two months of 2020, just as the holiday shopping season gets into full swing.
NMG Index moved up nearly a point, as retailers’ sales performance continues to stay strong.
The second-ever NMG Index slides half a point, as retailers’ sales performance continues to shine ahead of the holiday shopping season.
Nationwide Marketing Group has launched a new monthly report that aims to detail the overall sentiment of the Independent retail channel — the NMG Index.