WASHINGTON — The National Retail Federation said Tuesday that it is pleased with some of the provisions in a COVID-19 relief bill introduced by Senate Republicans. The Health, Economic Assistance, Liability Protection, and Schools (HEALS) Act contains economic stimulus provisions, tax breaks and liability protection for businesses. “While understanding that the HEALS Act introduced by
WASHINGTON – Retail sales in June posted their first year-over-year gains since February, according to the National Retail Federation. Sales were up compared to May as well as compared to last June, with gains driven by the reopening of many stores that had been shuttered by the coronavirus pandemic. COVID-19 remains a threat for the
WASHINGTON – The National Retail Federation issued the following statement encouraging all retailers to adopt a nationwide policy that requires customers to wear face coverings or masks to protect the health and well-being of customers, associates and partners during the coronavirus pandemic: “The health and safety of associates and customers is retailers’ number one priority
WASHINGTON – Back-to-school spending may get a boost from the coronovirus this year, according to a survey released Wednesday by the National Retail Federation and Prosper Insights & Analytics. Consumers are tentatively planning to spend a record amount as they buy laptops and computer accessories to prepare for the classes will take place online because
WASHINGTON – Theft, fraud and other “shrink” cost retailers about $61.7 billion in 2019, up from $50.6 billion the year before, the National Retail Federation said Tuesday. According to the National Retail Security Survey released Tuesday by the NRF, the number of shoplifting, organized retail crime and employee theft incidents were all up last year.
WASHINGTON — The economic downturn brought on by the coronavirus pandemic has been officially declared a recession, and it’s too early to know the shape of the recovery, said Jack Kleinhenz, chief economist at the National Retail Federation (NRF). “Will this recession be briefer than earlier recessions? No one has a crystal ball. And just
WASHINGTON — The National Retail Federation welcomed a report released this week calling for a federal backstop for trade credit insurance. The proposal could help provide the liquidity retailers badly need as they recover from the recession brought on by the coronavirus pandemic, NRF said on Friday. “With retailers already ordering merchandise for the holiday
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
WASHINGTON – The National Retail Federation applauded Thursday’s U.S. Supreme Court ruling in favor of the Deferred Action for Childhood Arrivals program. “This is a landmark ruling that inherently recognizes that these young people are law-abiding, tax-paying Americans who have never known adult life anywhere else,” NRF President and CEO Matthew Shay said. “They are
WASHINGTON — The reopening of stores shuttered by the COVID-19 outbreak boosted retail sales in May, which were up dramatically compared to April, the National Retail Federation reported Tuesday. But sales were still way down from the same period last year. “Today’s sales report is very encouraging news at a time when we need to
WASHINGTON – The National Retail Federation welcomed on Tuesday the introduction of the Pandemic Risk Insurance Act, which would establish a federal program to help businesses obtain insurance coverage for pandemics. The system would be modeled on one for terrorism insurance established following 9/11. “Congress must take swift action on a solution to provide all
WASHINGTON — Retail sales dropped almost twice as much during April as they did in March, reflecting the first full month when most stores were closed because of the coronavirus pandemic, the National Retail Federation said on Friday. The U.S. Census Bureau reported that overall retail sales during April were down 16.4% seasonally adjusted from