WASHINGTON – This year’s holiday spending has the potential to shatter previous records, the National Retail Federation said Wednesday, forecasting that holiday sales during November and December will grow between 8.5% and 10.5% over 2020 to total between $843.4 billion and $859 billion. The numbers (which exclude automobile dealers, gasoline stations and restaurants) suggest that
WASHINGTON — The National Retail Federation will recognize Target chairman and chief executive officer Brian Cornell with its The Visionary award, which will be presented during the seventh annual NRF Foundation Honors event in New York City. CVS Pharmacy president Neela Montgomery will also be honored as one of the People Shaping Retail’s Future 2022.
WASHINGTON – The National Retail Federation said Tuesday that Target chairman and CEO Brian Cornell will receive its “The Visionary” award. The award will be presented during the seventh annual NRF Foundation Honors on January 16 in New York City. “Brian Cornell’s purpose-driven leadership and strategic vision reflect an unwavering commitment to his team, and
WASHINGTON – Growth in imports at the nation’s largest retail container ports is slowing due to pandemic-related supply chain disruptions, according to the monthly Global Port Tracker report released Thursday by the National Retail Federation and Hackett Associates. “Year-over-year growth isn’t as dramatic as it was earlier because we’re now comparing against months when most
WASHINGTON — Online is where the growth is, as evidenced by this year’s Hot 25 Retailers List, released Wednesday by the National Retail Federation. Wine.com and overstock.com topped the list, which aims to highlight the nation’s most impactful and fastest-growing retail companies. The rankings, compiled by Kantar, are based on year-over-year percentage increases in domestic
WASHINGTON — Online is where the growth is, as evidenced by this year’s Hot 25 Retailers List, released Wednesday by the National Retail Federation. Wine.com and overstock.com topped the list, which aims to highlight the nation’s most impactful and fastest-growing retail companies. The rankings, compiled by Kantar, are based on year-over-year percentage increases in domestic
WASHINGTON – Consumers plan to spend record amounts for both school and college supplies as families and students plan to return to in-person classrooms this fall, according to the annual survey released today by the National Retail Federation and Prosper Insights & Analytics. “The pandemic forced parents and their school-aged children to quickly adapt to
NEW YORK — When he was asked almost a year ago what pandemic-related changes in consumer behavior would likely stick around once things returned to normal, Walmart U.S. president and CEO John Furner said it was too soon to tell. So when National Retail Federation president and CEO Matthew Shay interviewed Furner on Monday, during
Economic recovery and the prospect of strong retail sales growth were the headline topics at the National Retail Federation’s inaugural State of Retail and the Consumer event earlier this month. But a panel of retail leaders at the event also discussed how their companies intend to deal not just with the economic opportunity ahead, but
WASHINGTON – Retail sales in May were down compared to April but up strongly year-over-year, the National Retail Federation said Tuesday. “While May retail sales were down slightly, largely due to supply chain constraints, the more accurate indicator remains in the year-over-year data which, as the NRF calculates, showed growth of over 17%,” NRF president
WASHINGTON — Traditional statistical measurements are not providing an accurate account of the retail industry’s contribution to the economy, National Retail Federation chief economist Jack Kleinhenz contended in the June issue of NRF’s Monthly Economic Review. “In recent years, critics have claimed the retail industry is facing an existential crisis, that retail is not growing
WASHINGTON – The National Retail Federation on Friday welcomed guidance from the Equal Employment Opportunity Commission indicating that companies can reward employees who get vaccinated. “Retailers have consistently recommended that employees and customers get vaccinated against COVID-19, barring a disability or religious-based objection,” said Edward Egee, NRF vice president of government relations and workforce development.