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,”
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.
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.
WASHINGTON — The economic downturn brought on by the coronavirus pandemic has been officially declared a recession, and it’s too early to know the shape of the recovery, said Jack Kleinhenz, chief economist at the National Retail Federation (NRF). “Will this recession be briefer than earlier recessions? No one has a crystal ball. And just
WASHINGTON — The National Retail Federation welcomed a report released this week calling for a federal backstop for trade credit insurance. The proposal could help provide the liquidity retailers badly need as they recover from the recession brought on by the coronavirus pandemic, NRF said on Friday. “With retailers already ordering merchandise for the holiday
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?
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 – 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
WASHINGTON — The National Retail Federation (NRF) said it expects the impact of coronavirus on imports at major U.S. retail container ports will be larger and last longer than previously believed, as factory shutdowns and travel restrictions in China continue to hamper production. “There are still a lot of unknowns to fully determine the impact
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
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
WASHINGTON – Holiday retail sales during 2019 grew 4.1% over the same period in 2018 to $730.2 billion, according to a recent report from the National Retail Federation (NRF). Grocery and beverage stores were up 2.9% year over year. In addition, online and other non-store sales were up 14.6% year over year. “Having spent time with