National Retail Federation

Record back-to-school season expected

Record back-to-school season expected

WASHINGTON – Consumers plan to spend record amounts for both school and college supplies as families and students plan to return to in-person classrooms this fall, according to the annual survey released today by the National Retail Federation and Prosper Insights & Analytics. “The pandemic forced parents and their school-aged children to quickly adapt to

Walmart’s John Furner talks about retail’s future

Walmart’s John Furner talks about retail’s future

NEW YORK — When he was asked almost a year ago what pandemic-related changes in consumer behavior would likely stick around once things returned to normal, Walmart U.S. president and CEO John Furner said it was too soon to tell. So when National Retail Federation president and CEO Matthew Shay interviewed Furner on Monday, during

May retail sales down from April, up vs. last year

May retail sales down from April, up vs. last year

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

NRF economist: new retail scorecard needed

NRF economist: new retail scorecard needed

WASHINGTON — Traditional statistical measurements are not providing an accurate account of the retail industry’s contribution to the economy, National Retail Federation chief economist Jack Kleinhenz contended in the June issue of NRF’s Monthly Economic Review. “In recent years, critics have claimed the retail industry is facing an existential crisis, that retail is not growing

NRF welcomes EEOC vaccination guidance

NRF welcomes EEOC vaccination guidance

WASHINGTON – The National Retail Federation on Friday welcomed guidance from the Equal Employment Opportunity Commission indicating that companies can reward employees who get vaccinated. “Retailers have consistently recommended that employees and customers get vaccinated against COVID-19, barring a disability or religious-based objection,” said Edward Egee, NRF vice president of government relations and workforce development.

Record high Father’s Day spending expected

Record high Father’s Day spending expected

WASHINGTON – The National Retail Federation on Tuesday projected that U.S. consumers will spend more than $20.1 billion — a record high — on gifts and other items for Father’s Day this year. The projection is based on NRF’s annual survey conducted by Prosper Insight & Analytics. Total spending for the holiday will surpass last

Retail sales show ‘off the chart’ gains vs. 2020

Retail sales show ‘off the chart’ gains vs. 2020

WASHINGTON – April retail sales were virtually unchanged from their strong performance in March and grew dramatically year-over-year, the National Retail Federation said on Friday. “In March, we saw a surge in spending as stimulus checks came in, and that spending declined slightly in April,” NRF President and CEO Matthew Shay said. “Year-over-year growth of

NRF: Economy could see fastest growth since 1980s

NRF: Economy could see fastest growth since 1980s

WASHINGTON — The  U.S. economy could be headed for its fastest growth in more than three decades, National Retail Federation chief economist Jack Kleinhenz said on Monday. “While there is a great deal of uncertainty about how fast and far this economy will grow in 2021, surveys show an increase in individuals being vaccinated, more

Retailers sue Fed over debit card swipe fees

Retailers sue Fed over debit card swipe fees

WASHINGTON — Retailers filed a lawsuit on Thursday seeking to compel the Federal Reserve to lower its 10-year-old cap on the “swipe” fees banks charge to process debit card transactions. The suit, filed by the North Dakota Retail Association and the North Dakota Petroleum Marketers Association in U.S. District Court in Bismarck, N.D., charges that

Mother’s Day spending to total $28.1 billion

Mother’s Day spending to total $28.1 billion

WASHINGTON – Consumers are expected to spend a record $28.1 billion to celebrate Mother’s Day this year, according to a survey released Thursday by the National Retail Federation. That is an increase of $1.4 billion from last year. About 83% of U.S. adults are expected to celebrate the holiday this year. “There is a lot

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

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