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National Retail Federation

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

NRF sees strong retail sales in 2020

NRF sees strong retail sales in 2020

WASHINGTON — Retail sales should grow by 3.5% to 4.1% this year, according to a forecast released Wednesday by the National Retail Federation. The trade group is predicting that sales in 2020 will top $3.9 trillion, despite uncertainty from the lingering trade war, the coronavirus outbreak and the presidential election. “The nation’s record-long economic expansion

NRF projects strong Valentine’s Day sales

NRF projects strong Valentine’s Day sales

WASHINGTON – Americans are expected to set another record for Valentine’s Day spending this year,  according to a survey from the National Retail Federation and Prosper Insights & Analytics. “Valentine’s Day is a sentimental tradition, but gift-giving can be driven by the economy,” NRF President and CEO Matthew Shay said. “Consumers spent freely during the

Furner early on saw appeal of retail jobs

Furner early on saw appeal of retail jobs

NEW YORK — Walmart U.S. president and chief executive officer John Furner realized early in his career that the work retail employees do is important. “I started in retail working in a garden center at a Walmart store,” Furner recalled at the recent National Retail Federation conference here. “And I quickly realized that this work

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