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NRF

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

NRF introduces Privacy Initiative

WASHINGTON ­— The National Retail Federation (NRF) has announced the launch of the Center for Consumer Privacy and Innovation, a retailer-led initiative intended to promote and protect innovation in the retail customer experience. The launch took place during NRF 2020 Vision: Retail’s Big Show, NRF’s annual convention. “Retailers recognize the importance of and value the

Retail industry celebrated for ‘thriving and winning’

NEW YORK — National Retail Federation (NRF) chairman Chris Baldwin kicked off the trade group’s 2020 convention here with a positive message about the retail industry’s value and its continued vitality. Baldwin, who is chairman and chief executive officer of BJ’s Wholesale Club, noted that he took the helm as chairman of NRF two years

Online sales the bright spot in holiday selling season

PURCHASE, N.Y. — E-commerce sales hit a record in the 2019 holiday season, helping lift seasonal sales (excluding vehicles) by 3.4% from the year-earlier level, according to Mastercard SpendingPulse. The report noted that e-commerce sales were up 18.8% compared to the 2018 holiday season, though it did not give a dollar figure. E-commerce sales contributed

Forecast: Nearly 148 million Super Saturday shoppers

Forecast: Nearly 148 million Super Saturday shoppers

WASHINGTON — The Saturday before Christmas continues to be the biggest shopping day of the year , according to survey results released  by the National Retail Federation and Prosper Insights & Analytics, which estimates that 147.8 million U.S. consumers are expected to participate this year, up from 134.3 million last year. “While many people started

NRF reports modest sales gains in November

NRF reports modest sales gains in November

WASHINGTON –Retail sales growth was modest in November, but the National Retail Federation still expects a strong holiday season for retailers. Retail sales in November increased 0.1% seasonally adjusted over October and were up 2.1% unadjusted year-over-year, according to the NRF, which noted that the numbers exclude automobile dealers, gasoline stations and restaurants. “November showed

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