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
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
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
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
WASHINGTON – Early holiday shopping helped boost retail sales in October, the National Retail Federation said on Tuesday. “Retail sales data for October reflects the enduring strength of consumers’ finances and willingness to spend as the holiday season gets underway,” NRF President and CEO Matthew Shay said. “The robust balance sheets of American households are being
WASHINGTON – Retail sales in May were down compared to April but up strongly year-over-year, the National Retail Federation said Tuesday. “While May retail sales were down slightly, largely due to supply chain constraints, the more accurate indicator remains in the year-over-year data which, as the NRF calculates, showed growth of over 17%,” NRF president
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
WASHINGTON – The extension of the Paycheck Protection Program is vital to the survival of small businesses, National Retail Federation president and CEO Matthew Shay said Thursday. His remarks followed the Senate’s approval of an extension to the program. “Throughout the past year, countless small businesses have been devastated by the pandemic,” Shay said. “The
WASHINGTON – The Democratic-controlled Senate on Saturday passed President Joe Biden’s $1.9 trillion COVID-19 relief package which would provide millions of Americans with $1,400 direct payments, billions of dollars for vaccine distribution, and funds to help reopen schools and colleges. The chamber passed the bill following a session that began around 9 a.m. Friday and
WASHINGTON – Retailers welcomed the passage of a bipartisan economic relief bill by Congress on Monday. “Retailers are encouraged by the passage of this economic relief package that will keep the economy open and moving in the right direction as the fight against the COVID-19 pandemic continues,” National Retail Federation president and CEO Matthew Shay
WASHINGTON – Retail workers should be among the early recipients of COVID-19 vaccines, the National Retail Federation contended on Wednesday. “Retailers have been on the front lines throughout the pandemic protecting associates, serving customers, and keeping the communities in which they live and work safe and healthy,” NRF president and chief executive officer Matthew Shay
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