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National Retail Federation

NRF sees ‘fits and starts’ recovery ahead

NRF sees ‘fits and starts’ recovery ahead

WASHINGTON – Stay-at-home orders are being eased and non-essential stores are reopening in many parts of the country. But the rebound in retail sales is likely to be gradual, and will vary by location, National Retail Federation chief economist Jack Kleinhenz predicted on Wednesday. “Getting back to work or shopping in a pre-virus manner is

Retail sales plummet amid pandemic

Retail sales plummet amid pandemic

WASHINGTON — Total retail sales fell dramatically in March as the coronavirus pandemic forced restaurants, bars and many stores to temporarily close across the nation. But sales soared at grocery stores and were up at other retailers deemed “essential” as well, offsetting some of the decline. “COVID-19 has hit the retail industry unevenly,” NRF Chief

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.

NRF: Estimated March imports hit five-year low

NRF: Estimated March imports hit five-year low

WASHINGTON – Estimates show that imports at major U.S. retail container ports dropped to their lowest level in five years in March, according to the Global Port Tracker report released Tuesday by the National Retail Federation and Hackett Associates. And imports are projected to remain significantly below normal levels through early summer as the coronavirus

NRF chief economist: stopping pandemic is first step

NRF chief economist: stopping pandemic is first step

WASHINGTON – National Retail Federation chief economist Jack Kleinhenz says the coronavirus pandemic “has triggered shocks,” but he argues that the underlying economy is sound. “How quickly the country gets a handle on containing the virus will determine the degree of the impact on the economy and how soon businesses can reopen,” Kleinhenz wrote in

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

NRF urges national definition of ‘essential retail’

NRF urges national definition of ‘essential retail’

WASHINGTON — The National Retail Federation on Thursday sent a letter to the Trump administration urging federal guidance for state and local governments on what constitutes “essential retail businesses and services” for their communities. The text of the letter is below and a pdf is available here.   J. Craig Shearman Vice President for Government

NRF urges action on behalf of retailers

NRF urges action on behalf of retailers

WASHINGTON — The National Retail Federation on Wednesday sent a letter to President Trump and other leaders of the federal government, supporting their swift efforts to minimizing the impact of the coronavirus pandemic. The letter from the NRF, reproduced below and also available here as a PDF, also details the impact the crisis has had

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

Retail groups speak out on COVID-19

Retail groups speak out on COVID-19

WASHINGTON — Retail trade association leaders addressed the issue of product shortages and empty store shelves this weekend, urging consumers to “shop responsibly” and vowing to make sure that food and other products will remain available during the COVID-19 crisis. FMI – The Food Industry Association on Sunday participated in a White House call, promising

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