WASHINGTON – Top challenges have shifted from COVID-19 to inflation and the war in Ukraine, but the U.S. economy will continue to face uncertainties in the year ahead, National Retail Federation Chief Economist Jack Kleinhenz said Friday. “While the public health situation has greatly improved, the impact of the pandemic continues to spread,” Kleinhenz said.
WASHINGTON – Eighty percent of Americans plan to celebrate Easter this year and will collectively spend $20.8 billion to mark the holiday, according to a survey released Monday by the National Retail Federation and Prosper Insights & Analytics. That projected figure is down slightly from last year’s forecast of $21.6 billion. “Consumers are eager to
WASHINGTON – The National Retail Federation welcomed the announcement Friday that a long-sought agreement in principle on transatlantic data flows has been reached between the United States and the European Union. “Transatlantic data flows are vitally important to global retailers that operate establishments in Europe or sell goods online or by mobile apps to European
WASHINGTON – The National Retail Federation released Wednesday its annual list of the Top 50 Global Retailers. Conducted with Kantar, the 2022 Top 50 Global Retailers list is a compilation of the 50 most impactful international retailers based on their operations at the start of 2021. Walmart continues to be the world’s largest retailer, having made
WASHINGTON – Retail sales showed a strong year-over-year gain in February, but the monthly pace slowed compared with January as inflation drove up prices and lingering effects of the COVID-19 omicron variant affected the supply chain, the National Retail Federation said Wednesday. “Retail sales data continues to show impressive consumer resilience,” NRF president and CEO
WASHINGTON — Omicron, inflation and bad weather in much of the country were not enough to stop consumers from shopping in January, according to figures from the Census Bureau and the National Retail Federation (NRF). Retail sales posted strong gains in January despite those and other challenges. “January’s numbers show that 2022 is starting very
WASHINGTON – Congestion at retail container ports is expected to ease in the first half of 2022 as import growth slows, according to the monthly Global Port Tracker report released today by the National Retail Federation and Hackett Associates. “We’re not going to see the dramatic growth in imports we saw this time last year,
WASHINGTON – National Retail Federation chief economist Jack Kleinhenz said Tuesday that the Federal Reserve’s efforts to curb inflation should not derail the U.S. economy’s continued growth. “There is plenty of room to raise rates without threatening the economy,” he said. Kleinhenz’s remarks came in the February issue of NRF’s Monthly Economic Review, which said
NEW YORK — Since taking the reins at Target Corp. in 2014 Brian Cornell’s game plan has involved listening to customers, then making sure the company has the flexibility to deliver on what’s most important to them. Following the strategy has led Target to a pretty good place: The retailer is coming out of an
NEW YORK — At a time when changing expectations of consumers, the ongoing COVID-19 pandemic, supply chain disruptions and digital technology are causing long-held assumptions about business to be called into question, the National Retail Federation (NRF) is fortunate to have a leader focused on developing an effective response to those dynamics. John Furner, the
WASHINGTON – Retail sales for the 2021 holiday season totaled $886.7 billion, up 14.1% over 2020 and easily beating the National Retail Federation’s forecast, the retail trade group said on Friday. That number, which includes $218.9 billion in online and other non-store sales (up 11.3%) but excludes sales at automobile dealers, gasoline stations and restaurants,
WASHINGTON – The National Retail Federation lauded the U.S. Supreme Court’s decision to block the Biden administration’s rule that would have imposed COVID-19 vaccine-or-test requirements for employees at most large companies. By a 6-3 vote, the Justices reimposed a stay of the Occupational Safety and Health Administration’s COVID-19 employer-based vaccination and testing Emergency Temporary Standard, blocking