WASHINGTON — Retail sales grew for the sixth month in a row in October, according to figures from the National Retail Federation (NRF). October sales increased compared to September, and also compared to October of last year. The increases were less than some economists had predicted, prompting worries that sales were losing momentum heading into
WASHINGTON – The National Retail Federation forecast Monday that holiday sales during November and December will increase between 3.6% and 5.2% compared to 2019, totaling between $755.3 billion and $766.7 billion. The numbers, which exclude automobile dealers, gasoline stations and restaurants, compare with a 4%t increase to $729.1 billion last year and an average holiday
WASHINGTON — The National Retail Federation on Saturday issued a statement congratulating President-elect Joe Biden and Vice President-elect Kamala Harris and pledging to work with the administration and new Congress to mitigate the COVID-19 pandemic and propel the country’s economic recovery. “After a historic and unprecedented election season, the country has selected our next Commander
WASHINGTON – Consumer spending in September accelerated at a faster pace than expected, with a strong rebound in apparel leading “a continuing V-shaped recovery” from the coronavirus pandemic, according to the National Retail Federation. The 1.9% increase in retail sales was more than twice the gain economists were expecting and represents the fourth consecutive monthly
WASHINGTON – The White House honored the National Retail Federation on Wednesday with the “Pledge to America’s Workers” Presidential Award. The honor recognizes the NRF Foundation’s RISE Up initiative, one of nine workforce development efforts by businesses and trade groups that were spotlighted by Ivanka Trump and Commerce Secretary Wilbur Ross. “Our industry employs the
WASHINGTON — Retail sales continue to bounce back from the impact of the coronavirus pandemic, the National Retail Federation (NRF) said. 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
NEW YORK — Heading into this year, the ranks of the fastest-growing retailers in the United States had shown considerable year-over-year stability, according to the National Retail Federation’s (NRF) Hot 100 Retailers list for 2020. The list, which is compiled for the NRF by Kantar Retail, annually ranks the nation’s fastest-growing companies in terms of
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