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NRF

Retail industry hails GOP’s decision to shelve BAT

Retail industry hails GOP’s decision to shelve BAT

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

Valentine’s Day shopper spending to dip

Valentine’s Day shopper spending to dip

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

NRF: 2016 holiday retail sales rose 4%

NRF: 2016 holiday retail sales rose 4%

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

Retailers hail decision blocking overtime rule changes

Retailers hail decision blocking overtime rule changes

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

Retailers’ hopes rise as holiday season nears

Retailers’ hopes rise as holiday season nears

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

As new year unfolds, retail sales outlook encouraging

WASHINGTON — Retail sales increased for a third straight month in January. The 0.2% gain matched the previous month’s performance, which the Commerce Department initially reported as a decline but revised upward as more data came in. Economists at the National Retail Federation (NRF) predict retail industry sales this year will exceed their 10-year average

NRF forecasts retail sales uptick for 2016

NRF forecasts retail sales uptick for 2016

WASHINGTON — Economists at the National Retail Federation (NRF) predict retail industry sales this year will exceed their 10-year average as the economy continues to grow and consumers show more willingness to spend. The federation forecasts sales will rise 3.1% in 2016, topping the 2.7% average over the past decade. The report, released Wednesday, predicts

Walgreens honored by NRF

NEW YORK — Walgreen Co. was among the firms honored by the National Retail Federation at the trade association’s convention here last month. Walgreens was named Retail Innovator of the Year at the NRF’s convention and expo, dubbed Retail’s Big Show. According to NRF, the award is given annually to “a company that is well

Some retailers line up against credit card settlement

NEW YORK — After credit card companies and some of the nation’s largest banks agreed to pay more than $7 billion to settle a price-fixing case dealing with swipe fees, the future of the deal was put in jeopardy when several retailers objected to the terms of the pact. The settlement must still be approved