TRP_1170x120_12-19-19

NRF

NRF says pandemic shifts more Black Friday shopping online

NRF says pandemic shifts more Black Friday shopping online

WASHINGTON – Fewer people than usual shopped in stores over the Thanksgiving holiday weekend this year, according to the annual survey released Tuesday by the National Retail Federation and Prosper Insights & Analytics. The number of in-store shoppers on Thanksgiving Day dropped by 55% from last year and those on Black Friday dropped by 37%.

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 bounce back in July

Retail sales bounce back in July

WASHINGTON – Retail sales continue to rebound from the impact of the coronavirus pandemic, the National Retail Federation said Friday. 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 reopen,”

Coronavirus leading to more contactless credit card and mobile payments

Coronavirus leading to more contactless credit card and mobile payments

WASHINGTON – With consumers worried about touching surfaces during the coronavirus pandemic, the use of mobile payments and contactless credit or debit cards has significantly increased in the past few months, according to research released Thursday by the National Retail Federation and Forrester. “Health experts say there is no clear evidence that COVID-19 is transmitted

With COVID cases rising, NRF says recovery is ‘being tested daily’

With COVID cases rising, NRF says recovery is ‘being tested daily’

WASHINGTON – Despite broad indications that the economy has begun to recover as businesses reopen from the coronavirus pandemic, conflicting data makes it difficult to say how steadily the comeback will continue, National Retail Federation Chief Economist Jack Kleinhenz said Monday. “Optimism about the economy and retail spending is being tested daily with the spread

Retailers say credit insurance plan could increase liquidity during pandemic downturn

Retailers say credit insurance plan could increase liquidity during pandemic downturn

WASHINGTON – The National Retail Federation welcomed a report released this week calling for a federal backstop for trade credit insurance, saying the proposal could help provide liquidity badly needed by retailers as they recover from the recession brought on by the coronavirus pandemic. “With retailers already ordering merchandise for the holiday season, vendors need

NRF postpones ‘Big Show’ until June 2021

NRF postpones ‘Big Show’ until June 2021

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

NRF chief economist says pandemic recession could already be easing but ‘no one has a crystal ball’ 

NRF chief economist says pandemic recession could already be easing but ‘no one has a crystal ball’ 

WASHINGTON – The economic downturn brought on by the coronavirus pandemic has officially been declared a recession, but National Retail Federation chief economist Jack Kleinhenz said today the key question is how long it will last. “Will this recession be briefer than earlier recessions?” Kleinhenz said. “No one has a crystal ball. And just as

May retail sales improve dramatically over April but way down from last year

May retail sales improve dramatically over April but way down from last year

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

NRF issues statement on incidents at retail stores following death of George Floyd

NRF issues statement on incidents at retail stores following death of George Floyd

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

NRF says ‘uncertainty abounds’ in predicting recovery from coronavirus pandemic 

NRF says ‘uncertainty abounds’ in predicting recovery from coronavirus pandemic 

WASHINGTON – While the reopening of businesses shut down by the coronavirus pandemic is a significant step forward, it is too soon to say how quickly or smoothly the nation’s economy will recover, National Retail Federation chief economist Jack Kleinhenz said on Monday. “Is it possible the worst of the coronavirus pandemic is behind us?

Estimated March imports hit five-year low, says NRF

Estimated March imports hit five-year low, says NRF

WASHINGTON – New estimates show that imports at major U.S. retail container ports dropped to their lowest level in five years in March, according to the Global Port Tracker report released this week by the National Retail Federation and Hackett Associates. And imports are projected to remain significantly below normal levels through early summer as