October 30, 2017 by Chain Drug Review
2018 NRF Foundation Gala, Doug McMillon, Matthew Shay, National Retail Federation, Walmart
Business, Retail News
WASHINGTON — The National Retail Federation will recognize Walmart president and chief executive officer Doug McMillon as “The Visionary,” an annual award honoring outstanding retail industry leaders The award will be presented to McMillon at the 2018 NRF Foundation Gala on Jan. 14 in New York City. “From risk-taking acquisitions like Jet.com to investing in
August 7, 2017 by Bill Schiffner
Americans for Affordable Products, BAT, Border Adjustment Tax, Matthew Shay, National Association of Chain Drug Stores, National Retail Federation, Retail Industry Leaders Association, Sandy Kennedy, Steve Anderson
2017, Issue 08-07-2017, Issues, News
WASHINGTON — Retailers applauded congressional Republicans’ move to give up their pursuit of the border adjustment tax (BAT). Prior to GOP leaders’ announcement of the decision on July 27, retailers that receive many of the goods they sell from overseas had expressed concerns about the BAT, claiming that it would pass hefty costs on to
July 28, 2017 by Bill Schiffner
BAT, Border Adjustment Tax, Matthew Shay, Mitch McConnell, NACDS, National Association of Chain Drug Stores, National Retail Federation, NRF, Paul Ryan, Retail Industry Leaders Association, RILA, Sandy Kennedy, Steve Anderson
Business, Leading Headlines, Retail News
WASHINGTON — Retailers applauded Republicans’ move to give up their pursuit of the border adjustment tax (BAT). Prior to GOP leaders’ announcement of the decision on Thursday, retailers that receive many of the goods they sell from overseas had expressed concerns about the BAT, claiming it would pass hefty costs on to consumers. The week
July 13, 2017 by Chain Drug Review
Amazon, back-to-school shopper, back-to-school spending, Branding Brand, Deloitte, Deloitte’s 2017 Back-to-School Survey, Matthew Shay, National Retail Federation, Rod Sides, Target, Walmart
Business, Leading Headlines, Retail News
NEW YORK — Back-to-school spending is forecast to rise this season, according to recent surveys from the National Retail Federation and Deloitte LLC. Families with children in elementary through high school plan to spend an average $687.72 each, for a total of $29.5 billion, an 8% increase from last year’s $27.3 billion, according to the
July 3, 2017 by Mark Baumgartner and Chain Drug Review
Affordable Care Act, American Health Care Act, Better Care Reconciliation Act, Mitch McConnell, National Retail Federation, Obamacare
2017, Issue 07-03-2017, Issues, News
WASHINGTON — After weeks of working behind closed doors to draft a bill to replace Obamacare, Senate Republican leaders released the Better Care Reconciliation Act and set about finding 50 votes to pass it. Like the American Health Care Act that passed the House in May, the Senate bill represents a major revision to the
June 5, 2017 by Geoff Walden and Chain Drug Review
Affordable Care Act, AHCA, American Health Care Act, B. Douglas Hoey, Chuck Schumer, Mitch McConnell, National Community Pharmacists Association, National Retail Federation, Neil Trautwein, Obamacare, Paul Ryan
2017, Issue 06-05-2017, Issues, Leading Headlines, News, Pharmacy
WASHINGTON — The drive to repeal and replace Obamacare has hit a roadblock. The Congressional Budget Office found that the G.O.P.-led American Health Care Act (AHCA) would leave 23 million more people uninsured in a decade. The CBO assessment cast further doubt on the chances of the Senate passing a similar bill to the AHCA,
April 22, 2017 by Scot Meyer and Chain Drug Review
credit card industry, credit card swipe fees, Mallory Duncan, MasterCard, National Retail Federation, retail industry, Supreme Court, Visa
2017, Issue 04-24-2017, Issues, News
WASHINGTON — Two recent Supreme Court decisions offered good news to retailers regarding their ongoing fight over the fees they pay on credit and debit card transactions. Late last month the Supreme Court declined to hear an appeal that sought to reinstate a $7.25 billion antitrust settlement of price-fixing charges against MasterCard Inc. and Visa
February 3, 2017 by Chain Drug Review
consumer spending on Valentine's Day, Matthew Shay, National Retail Federation, NRF, Valentine's Day shopper spending, Valentine’s Day retail spending
Business, Leading Headlines, Retail News
WASHINGTON — Consumer spending on Valentine’s Day is expected to slip this year after a decade of annual increases, according to the National Retail Federation. U.S. consumers are expected to spend an average of $136.57 on the holiday this year, according to the annual survey released by the NRF and Prosper Insights & Analytics. That
January 13, 2017 by Chain Drug Review
holiday retail sales, holiday spending, Jack Kleinhenz, Matthew Shay, National Retail Federation, NRF
Business, Retail News
WASHINGTON — The National Retail Federation is out with figures showing that holiday retail sales reached $658.3 billion in November and December, a 4% increase from the previous year and surpassing the NRF’s preseason forecast for $655.8 billion in holiday spending. The number includes $122.9 billion in online (dubbed non-store sales by NRF) sales. That
January 2, 2017 by Chain Drug Review
Accenture’s Holiday Shopping Survey, chain drug retailers, holiday sales at drug chains, holiday shopping season, Matthew Shay, National Retail Federation
2017, Issue 01-02-2017, Issues, News
NEW YORK — Holiday sales at drug chains edged up slightly versus a year ago, as uncertainty over the economy left consumers wary of boosting their spending. Another crimp on sales growth was deep discounts. While retailers trimmed inventory for the holiday season to avoid having to clear out overstocks with price cuts, consumers were
December 29, 2016 by Chain Drug Review
Accenture’s Holiday Shopping Survey, chain drug retailers, holiday sales at drug chains, holiday shopping season, Matthew Shay, National Retail Federation
Business, Leading Headlines, Retail News
NEW YORK — Holiday sales at drug chains edged up slightly versus a year ago, as uncertainty over the economy left consumers wary of boosting their spending. Another crimp on sales growth was deep discounts. While retailers trimmed inventory for the holiday season to avoid having to clear out overstocks with price cuts, consumers were
December 12, 2016 by Geoff Walden and Chain Drug Review
A.T. Kearney 2016 Holiday Shopping Survey, Adobe Digital Insights, Black Friday, Cyber Monday, holiday retail sales, holiday shopping season, Matthew Shay, National Retail Federation, Tamara Gaffney
2016, Business, Issue 12-12-2016, Issues, Leading Headlines, News
NEW YORK — Pervasive optimism over the economy and strong early online sales signaled a robust holiday shopping season. Economic growth, a lack of inflation, rising wages and low unemployment have buoyed consumers and augured a willingness to spend significantly through December. And while many shoppers are favoring online purchases, the general enthusiasm was also
November 23, 2016 by Chain Drug Review
David French, Department of Labor, Evan Armstrong, federal overtime rule, National Retail Federation, NRF, Retail Industry Leaders Association, RILA
Business, Leading Headlines, Retail News
WASHINGTON — Retailers applauded a judge’s ruling preventing the Department of Labor’s changes to a federal overtime rule from taking effect on Dec. 1. U.S. District Judge Amos Mazzant issued a preliminary injunction blocking implementation of a Labor Department rule that would have required businesses to pay overtime to employees making less than $47,476 a
October 24, 2016 by Scot Meyer and Chain Drug Review
Accenture, holiday retail sales, holiday shopping, Jack Kleinhenz, Jill Standish, Matthew Shay, National Retail Federation, NRF, PwC, Steven Barr
2016, Business, Featured Articles, Issue 10-24-2016, Issues, Leading Headlines, News
NEW YORK — Consumers are expected to increase their spending this holiday season, bolstered by an economy that is showing signs of strength. The National Retail Federation (NRF) expects sales in November and December (excluding cars, gasoline and restaurant sales) to increase 3.6% to $655.8 billion. That is significantly higher than the 10-year average of