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National Retail Federation

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: Paycheck Protection Program still critical

NRF: Paycheck Protection Program still critical

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

NRF expects robust Easter spending

NRF expects robust Easter spending

WASHINGTON – Consumers plan to spend an average of $179.70 this Easter, the highest figure on record, according to results of the annual survey released Wednesday by the National Retail Federation and Prosper Insights & Analytics. A total of 79% of Americans will celebrate the holiday and spend a collective $21.6 billion, down slightly from

Retailers oppose bill to expand union powers

Retailers oppose bill to  expand union powers

WASHINGTON – The National Retail Federation said legislation passed by the House to expand the power of labor unions would infringe on the rights of both businesses and workers and called on the Senate to vote against the measure. “The PRO Act would fundamentally redefine labor relations,” NRF Senior vice president for Government Relations David

Senate passes COVID-19 relief bill

Senate passes COVID-19 relief bill

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

NRF expects 2021 retail sales to top $4.33 trillion

NRF expects 2021 retail sales to top $4.33 trillion

WASHINGTON – The National Retail Federation said Wednesday that it expects U.S. retail sales to grow between 6.5% and 8.2% this year, topping $4.33 trillion, as more Americans get vaccinated and the economy reopens. “Despite the continuing health and economic challenges COVID-19 presents, we are very optimistic that healthy consumer fundamentals, pent-up demand and widespread

January retail sales show strong increase

January retail sales show strong increase

WASHINGTON – Retail sales grew sharply in January as government stimulus checks provided a boost and momentum from 2020’s record holiday season carried over into the new year, the National Retail Federation said Wednesday. “January’s retail sales numbers reflect a very strong start for consumers and retailers as we look ahead to a critical year

Record retail imports expected in 2021

Record retail imports expected in 2021

WASHINGTON – This is shaping up to be another record period for retail imports, according to the monthly Global Port Tracker report released Monday by the National Retail Federation and Hackett Associates. Imports at the nation’s largest retail container ports are expected to set new monthly records from now into the summer as the nation’s

NRF calls pro-union PRO Act ‘unworkable’

NRF calls pro-union PRO Act ‘unworkable’

WASHINGTON – The National Retail Federation urged Congress to reject legislation that would make it easier for retail workers to unionize, calling it unreasonable and unworkable. “NRF has significant concerns with this sweeping legislation and its infringement on both employee and employer rights,” NRF senior vice president for government relations David French said. “The policies

NRF names six to its board of directors

NRF names six to its board of directors

WASHINGTON – The National Retail Federation on Friday named six members to its board of directors. The new members were elected during NRF’s annual winter board meeting, held virtually this year following NRF 2021: Retail’s Big Show – Chapter 1. Each will serve a two-year term until January 2023. “We are very proud to be

Valentine’s Day spending to total $21.8 billion

Valentine’s Day spending to total $21.8 billion

WASHINGTON – Just over half (52%) of U.S. adults plan to celebrate Valentine’s Day this year, spending a total of $21.8 billion, according to the annual survey released Thursday by the National Retail Federation and Prosper Insights & Analytics. “There is no question the pandemic has disrupted many aspects of Americans’ daily interactions and activities,”

Imports set record last year despite COVID, and remain high

WASHINGTON — According to the monthly Global Port Tracker report released this month by the National Retail Federation (NRF) and Hackett Associates, imports seen during 2020 appear to be headed toward a new record despite the coronavirus pandemic, and remain at high levels as 2021 begins. “Nobody would have thought last spring that 2020 would

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