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Matthew Shay

NRF: Retail sales grew again in June

NRF: Retail sales grew again in June

WASHINGTON, July 18, 2023 – Retail sales continued to rise in June even as employment grew more slowly, the National Retail Federation said on Tuesday. “June retail sales confirm that while the economy may be cooling, consumers remain on solid footing and are spending on household priorities,” NRF president and CEO Matthew Shay said. “Back-to-class

NRF: Retail sales ‘moderated’ in March

NRF: Retail sales ‘moderated’ in March

WASHINGTON – Retail sales slowed in March, but spending was still higher than during the same time last year, the National Retail Federation said Friday.   “Retail sales moderated in March after posting strong gains in the first two months of the year,” NRF President and CEO Matthew Shay said. “Continued easing of inflation and the

NRF: Organized retail crime a growing threat

NRF: Organized retail crime a growing threat

WASHINGTON – Organized retail crime (ORC) is a big problem for the U.S. retail industry, and a new report by the National Retail Federation suggests it is getting worse. “Organized retail crime has been a major concern for the retail industry for decades, endangering store employees and customers, disrupting store operations and inflicting billions in

Retailers urge tariff cuts to fight inflation

Retailers urge tariff cuts to fight inflation

WASHINGTON – The National Retail Federation urging the Biden administration to repeal tariffs on goods from China as a way to fight inflation, the trade group said Wednesday. To get that message out, the NRF said it is launching the second phase of a seven-figure advocacy campaign with broadcast, digital and out-of-home advertising, including a

February retail sales show year-over-year gains

February retail sales show year-over-year gains

WASHINGTON – Retail sales showed a strong year-over-year gain in February, but the monthly pace slowed compared with January as inflation drove up prices and lingering effects of the COVID-19 omicron variant affected the supply chain, the National Retail Federation said Wednesday. “Retail sales data continues to show impressive consumer resilience,” NRF president and CEO

NRF: Yes to infrastructure, No to tax hike

NRF: Yes to infrastructure, No to tax hike

WASHINGTON – National Retail Federation president and CEO Matthew Shay responded to President Joe Biden’s $2 trillion “American Jobs Plan” by endorsing investments in the nation’s infrastructure, but arguing that hiking the corporate tax rate would hurt the economy. “Improving U.S. roads, railways, bridges and ports will help the retail industry continue to move the

NRF postpones ‘Big Show’ until June 2021

NRF postpones ‘Big Show’ until June 2021

WASHINGTON — The National Retail Federation is postponing its Big Show annual convention and expo, normally held in January, until June 2021. But NRF said Thursday that it also plans to hold a virtual event in January. Both events will feature the theme “Forward Together.” “The health and safety of our team, industry partners and

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