NOLUMA_1170x120_10-11-19

Matthew Shay

NRF: Larger retailers need help too

NRF: Larger retailers need help too

WASHINGTON – The National Retail Federation applauded the federal government’s plans for a second round of help for struggling U.S. businesses. But in a statement, NRF president and CEO Matthew Shay argued that there is more to be done, including help for larger businesses. “As part of the next round of liquidity support for U.S.

Retailers welcome CARES Act in turbulent times

Retailers welcome CARES Act in turbulent times

WASHINGTON  – The National Retail Federation issued the following statement from president and CEO Matthew Shay in response to the Senate’s expected vote Wednesday on stimulus legislation intended to ease the economic impact of the coronavirus pandemic: “Retailers big and small and the associates they employ appreciate the efforts by leaders in the House and

Retailers urge coordinated COVID-19 response

Retailers urge coordinated COVID-19 response

WASHINGTON — Retailers are asking to be consulted by governors and mayors about decisions involving store closures aimed at slowing the spread of the COVID-19 virus. In a letter sent to Governor Larry Hogan, chairman of the National Governors Association and Mayor Bryan Barnett, president of the U.S. Conference of Mayors, the Retail Industry Leaders

Forecast: Nearly 148 million Super Saturday shoppers

Forecast: Nearly 148 million Super Saturday shoppers

WASHINGTON — The Saturday before Christmas continues to be the biggest shopping day of the year , according to survey results released  by the National Retail Federation and Prosper Insights & Analytics, which estimates that 147.8 million U.S. consumers are expected to participate this year, up from 134.3 million last year. “While many people started

Thanksgiving weekend spending rises 16%

Thanksgiving weekend spending rises 16%

WASHINGTON — Americans shopped in record numbers over this year’s Thankgiving holiday weekend, the National Retail Federation said Tuesday. A survey conducted for the NRF by Prosper Insights & Analytics found that a record 189.6 million U.S. consumers shopped in stores and online from Thanksgiving Day through Cyber Monday this year. That’s up 14% over

Father’s Day spending expected to hit record

Father’s Day spending expected to hit record

WASHINGTON – Americans are expected to spend a record $16 billion on Father’s Day gifts this year, according to the National Retail Federation’s annual survey conducted by Prosper Insight & Analytics. That’s up from last year’s $15.3 billion. “Fathers, husbands and sons can expect to feel the love this Father’s Day,” NRF president and CEO

Supreme Court rules for internet sales tax

Supreme Court rules for internet sales tax

WASHINGTON — States can collect sales tax from online sellers even if those companies don’t have a physical presence in the state, the Supreme Court ruled on Thursday in a case with far-reaching implications for online commerce. “The physical presence rule has long been criticized as giving out-of-state sellers an advantage,” the court said in

NRF: Holiday retail sales increased 5.5% in 2017

NRF: Holiday retail sales increased 5.5% in 2017

WASHINGTON – Citing U.S. Census data, the National Retail Federation reported Friday that retail sales during November and December increased 5.5% compared to last year, to reach $691.9 billion. That number includes $138.4 billion in online and other non-store sales, which were up 11.5% over the year before. The results exceeded NRF’s predicted increase of

NRF forecasts sales growth for 2017

NRF forecasts sales growth for 2017

WASHINGTON — The National Retail Federation on Wednesday forecast that retail industry sales will grow between 3.7% and 4.2% in 2017. Online and other non-store/online sales, which are included in the overall number, are expected to increase between 8% and 12%. NRF’s definition of retail sales excludes automobiles, and money spent at gas stations and

Are recent headlines a sign of things to come?

Two recent business stories that received a fair amount of attention in mainstream media channels raise some interesting questions about the trajectory of retailing in America. The National Retail Federation reported in the middle of last month that holiday sales increased just 3% to $626 billion. The lackluster performance fell well short of the association’s