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NRF

NRF: Retail imports to hit four-year low

NRF: Retail imports to hit four-year low

WASHINGTON – Imports at major U.S. retail container ports are expected to be at their lowest total in four years, according to the monthly Global Port Tracker report released Monday by the National Retail Federation and Hackett Associates. “The economy is recovering but retailers are being careful not to import more than they can sell,”

NRF: Recovery is ‘being tested daily’

NRF: Recovery is ‘being tested daily’

WASHINGTON – Despite signs that reopening businesses have begun to lift the economy, National Retail Federation chief economist Jack Kleinhenz said Monday that conflicting data makes it difficult to say how steady the comeback will be. “Optimism about the economy and retail spending is being tested daily with the spread of the coronavirus,” Kleinhenz said.

NRF: Retail shrink hit $61.7 billion in 2019

NRF: Retail shrink hit $61.7 billion in 2019

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.

Economic uncertainty surrounds reopening

WASHINGTON — While the reopening of businesses shut down by the coronavirus pandemic is a significant step forward, it is too soon to say how quickly or smoothly the nation’s economy will recover, according to National Retail Federation (NRF) chief economist Jack Kleinhenz. “Is it possible the worst of the coronavirus pandemic is behind us?

NRF: Larger retailers need help too

NRF: Larger retailers need help too

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.

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

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

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

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