WASHINGTON – Retail sales continue to bounce back from the impact of the coronavirus pandemic, the National Retail Federation said Friday. Sales in July grew more slowly than in June, but the trend continued to be positive. “Retail sales for July were another positive step in the right direction as our economy continues to slowly
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 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.
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
WASHINGTON – Americans are expected to spend a record $16 billion on Father’s Day gifts this year, according to the National Retail Federation’s annual survey conducted by Prosper Insight & Analytics. That’s up from last year’s $15.3 billion. “Fathers, husbands and sons can expect to feel the love this Father’s Day,” NRF president and CEO
WASHINGTON— The National Retail Federation said on Wednesday that holiday retail sales this November and December will increase between 4.3% and 4.8% over last year’s figures. The average annual increase over the past five years has been 3.9%. “Our forecast reflects the overall strength of the industry,” NRF President and CEO Matthew Shay said in
WASHINGTON — The U.S. Supreme Court is set to hear oral arguments Tuesday on the question of whether online sellers can be required to collect sales tax in the same way that brick-and-mortar stores in local communities do. The National Retail Federation contends that they should, arguing in a brief filed in November that changing technology has
WASHINGTON — Easter spending is expected to total $18.2 billion this year, according to a survey released Thursday by the National Retail Federation and Prosper Insights & Analytics. A total of 81% of Americans will celebrate the holiday and spend an average of $150 per person, the survey found. That is down from last year’s
NEW YORK — Despite the technology that is changing the way stores operate and consumers shop, retailing is still a people business, Walmart president and CEO Doug McMillon said on Sunday. “The way the customers feel when they leave the store, or your web site or app, determines how fast they’re going to come back,”
WASHINGTON — The National Retail Federation on Tuesday forecast that holiday retail sales in November and December will increase between 3.6% and 4% over last year, to total $678.75 billion. “Our forecast reflects the very realistic steady momentum of the economy and overall strength of the industry,” NRF president and CEO Matthew Shay said. “Although this
WASHINGTON – Easter will come nearly three weeks later this year than in 2016, and the National Retail Federation forecasts that the extra time will translate into higher sales for American retailers. According to NRF’s annual survey conducted by Prosper Insights & Analytics, spending for Easter is expected to reach $18.4 billion this year, up
WASHINGTON – American consumers are expected to spend $5.3 billion to celebrate St. Patrick’s Day this year, according to the National Retail Federation. The retail group said Wednesday that the amount marked a record high in the 13-year history of NRF’s annual survey on consumer spending plans for the holiday, conducted by Prosper Insights &