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National Retail Federation president and CEO Matthew Shay

February retail sales on the rise

February retail sales on the rise

WASHINGTON – Retail sales showed a strong year-over-year gain in February, but the monthly pace slowed compared with January as inflation drove up prices and lingering effects of the COVID-19 omicron variant affected the supply chain, the National Retail Federation said Wednesday. “Retail sales data continues to show impressive consumer resilience,” NRF president and CEO

NRF joins trade associations in petition to review OSHA mandate

NRF joins trade associations in petition to review OSHA mandate

WASHINGTON – The National Retail Federation  issued on Tuesday the following statement from President and CEO Matthew Shay regarding the organization’s involvement in a multi-trade association lawsuit against the Occupational Safety and Health Administration (OSHA) for its COVID-19 employer-based vaccination and testing Emergency Temporary Standard (ETS). “We are deeply concerned about the timing for implementing

NRF: Paycheck Protection Program still critical

NRF: Paycheck Protection Program still critical

WASHINGTON – The extension of the Paycheck Protection Program is vital to the survival of small businesses, National Retail Federation president and CEO Matthew Shay said Thursday. His remarks followed the Senate’s approval of an extension to the program. “Throughout the past year, countless small businesses have been devastated by the pandemic,” Shay said. “The

NRF forecasts retail sales to exceed $4.33T in 2021 as vaccine rollout expands

NRF forecasts retail sales to exceed $4.33T in 2021 as vaccine rollout expands

WASHINGTON – The National Retail Federation today issued its annual forecast, anticipating that retail sales will grow between 6.5% and 8.2% to more than $4.33 trillion in 2021 as more individuals get vaccinated and the economy reopens. “Despite the continuing health and economic challenges COVID-19 presents, we are very optimistic that healthy consumer fundamentals, pent-up

Valentine’s Day spending to total $21.8 billion

Valentine’s Day spending to total $21.8 billion

WASHINGTON – Just over half (52%) of U.S. adults plan to celebrate Valentine’s Day this year, spending a total of $21.8 billion, according to the annual survey released Thursday by the National Retail Federation and Prosper Insights & Analytics. “There is no question the pandemic has disrupted many aspects of Americans’ daily interactions and activities,”

Retailers welcome passage of stimulus bill

Retailers welcome passage of stimulus bill

WASHINGTON – Retailers welcomed the passage of a bipartisan economic relief bill by Congress on Monday. “Retailers are encouraged by the passage of this economic relief package that will keep the economy open and moving in the right direction as the fight against the COVID-19 pandemic continues,” National Retail Federation president and CEO Matthew Shay

Retail sales slow down in November

Retail sales slow down in November

WASHINGTON – Retail sales slipped in November compared to the month before, as the surging pandemic suppressed store traffic. But sales were still up compared to last November, and the National Retail Federation still expects a happy holiday season for retailers.“Consumers held back on spending in November as virus rates spiked, states imposed retail restrictions and congressional

Retail sales rebound in September

Retail sales rebound in September

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

Parents to spend more on back-to-school suppliers as expectations of online classes grow

Parents to spend more on back-to-school suppliers as expectations of online classes grow

WASHINGTON – Most families still don’t know what supplies students need for school and college this year, but more expect at least some classes to take place online than a month ago and say they are buying more computers and other items to be ready, the National Retail Federation and Prosper Insights & Analytics said

Retail sales drop sharply in April

Retail sales drop sharply in April

WASHINGTON — Retail sales dropped almost twice as much during April as they did in March, reflecting the first full month when most stores were closed because of the coronavirus pandemic, the National Retail Federation said on Friday. The U.S. Census Bureau reported that overall retail sales during April were down 16.4% seasonally adjusted from