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 is postponing its Big Show annual convention and expo, normally held in January, until June 2021. But NRF said Thursday that it also plans to hold a virtual event in January. Both events will feature the theme “Forward Together.” “The health and safety of our team, industry partners and
WASHINGTON — The reopening of stores shuttered by the COVID-19 outbreak boosted retail sales in May, which were up dramatically compared to April, the National Retail Federation reported Tuesday. But sales were still way down from the same period last year. “Today’s sales report is very encouraging news at a time when we need to
WASHINGTON – The National Retail Federation issued on Monday the following statement from president and CEO Matthew Shay regarding incidents involving retail stores across the country following the death of George Floyd in Minneapolis: “It is with deep dismay and shared outrage that our communities express their anger and frustration through peaceful protests over the
WASHINGTON — Retailers are asking state governors and mayors to reach out to retail leaders before issuing decisions to close or curtail retail business operations as they work to slow the spread of the COVID-19 virus. In a letter sent to Governor Larry Hogan, chairman of the National Governors Association and Mayor Bryan Barnett, president of
WASHINGTON — Americans shopped in record numbers over this year’s Thankgiving holiday weekend, the National Retail Federation reported on Tuesday. A survey conducted for the NRF by Prosper Insights & Analytics found that a record 189.6 million U.S. consumers shopped in stores and online from Thanksgiving Day through Cyber Monday this year. That’s up 14%
WASHINGTON – The National Retail Federation has warned that the Trump administration’s imposition of additional tariffs on Chinese goods puts the U.S. economy and American jobs at risk. “We support the administration’s efforts to deliver a meaningful trade agreement that levels the playing field for American businesses and workers,” NRF president and CEO Matthew Shay.
WASHINGTON – The holiday season turned out not to have been a particularly merry one for retail sales, the National Retail Federation said on Thursday. Retail sales grew a lower-than-expected 2.9% during the two-month period, according to the NRF, which cited U.S. Commerce Department data that had been delayed by nearly a month because of
WASHINGTON — From Thanksgiving Day through Cyber Monday, more than 165 million Americans shopped either in stores or online, surpassing the 164 million who had said they would shop in a consumer sentiment survey conducted ahead of the holiday, the National Retail Federation and Prosper Insights & Analytics said. The average shopper spent $313.29 on
WASHINGTON — The National Retail Federation has revised its retail sales forecast for 2018, saying it now expects sales to increase 4.5% or more, up from its earlier projection of a year-on-year gain in the range of 3.8% to 4.4%. “Higher wages, gains in disposable income, a strong job market and record-high household net worth
WASHINGTON — States can collect sales tax from online sellers even if those companies don’t have a physical presence in the state, the Supreme Court ruled on Thursday in a case with far-reaching implications for online commerce. “The physical presence rule has long been criticized as giving out-of-state sellers an advantage,” the court said in
WASHINGTON — The individual mandate is no more. The requirement under the Affordable Care Act that people pay a penalty if they do not obtain health insurance was eliminated in the federal tax overhaul passed by Congress. After the Senate approved the tax reform legislation 51-48, Trump tweeted, “Terrible Individual Mandate (ObamaCare) Repealed.” He signed
A case could be made that for pharmacy operators passage of the Tax Cuts and Jobs Act late last month was the biggest story of 2017. Championed by the Republican leadership in Congress and President Trump, the $1.5 trillion measure will provide substantial, permanent tax relief for businesses — the corporate tax rate was cut
WASHINGTON — CVS Health’s Helena Foulkes has been tabbed as one of the keynote speakers at the National Retail Federation’s 2018 annual convention in Manhattan. Foulkes, executive vice president of CVS Health and president of CVS Pharmacy, will address the theme “empowering customers to make everyday health care better” in her presentation, scheduled for Jan.