National Retail Federation

NRF: holiday sales gains weaker than expected

NRF: holiday sales gains weaker than expected

WASHINGTON – The holiday season turned out not to have been a particularly merry one for retailers, the National Retail Federation said on Thursday. Retail sales grew a lower-than-expected 2.9% during the two-month period, according to the NRF, which cited U.S. Commerce Department data that had been delayed by nearly a month because of the

Kroger at home with innovation

Kroger at home with innovation

Chris Baldwin kicked off the National Retail Federation’s Big Show in New York City earlier this month by assuring attendees at the event’s first Main Stage presentation that rumors of the industry’s “demise were greatly exaggerated.” The chairman, president and chief executive officer of BJ’s Wholesale Club and current NRF chairman then elaborated on his

Holiday sales inspire optimism

NEW YORK — Robust holiday shopping from before Thanksgiving through Christmas has raised hopes for continued strength in the retail sector. According to Mastercard SpendingPulse, holiday sales increased 5.1% to more than $850 billion — the strongest growth in six years. And online shopping jumped 19.1%, with Amazon reporting record-breaking results. “While we recognize the

Exceptionally strong start for holiday sales

WASHINGTON — Between Thanksgiving Day and Cyber Monday, retailers hosted about 165 million shoppers in their stores and on the websites, according to a survey from the National Retail Federation (NRF) and Prosper Insights & Analytics. The survey found average spending per person over the five-day period was $313.29, with 69% of the money going

Retail employment up in November

WASHINGTON — Retail industry employment in November increased by 18,600 jobs, seasonally adjusted from October, according to the National Retail Federation. That represents 12% of the 155,000-job increase reported by the Labor Department for the economy overall. But retail employment was down by 16,300 jobs (unadjusted) versus November 2017. The NRF said a tight labor

Organized retail crime increases

WASHINGTON — Organized crime took a bigger bite out of retail profits this year, as criminals used increasingly brazen tactics to steal merchandise, the National Retail Federation (NRF) reported in its “2018 Organized Retail Crime Survey.” Retailers attributed the increase to factors including the ease of selling stolen goods online, gift card fraud, in-store staffing

NRF forecasts strong holiday season sales

NRF forecasts strong holiday season sales

WASHINGTON— The National Retail Federation said on Wednesday that holiday retail sales this November and December will increase between 4.3% and 4.8% over last year’s figures. The average annual increase over the past five years has been 3.9%. “Our forecast reflects the overall strength of the industry,” NRF President and CEO Matthew Shay said in

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