NRF

Walmart’s John Furner talks about retail’s future

Walmart’s John Furner talks about retail’s future

NEW YORK — When he was asked almost a year ago what pandemic-related changes in consumer behavior would likely stick around once things returned to normal, Walmart U.S. president and CEO John Furner said it was too soon to tell. So when National Retail Federation president and CEO Matthew Shay interviewed Furner on Monday, during

May retail sales down from April but up over last year

May retail sales down from April but up over last year

WASHINGTON – Retail sales in May were down compared to April but up strongly year-over-year, the National Retail Federation said Tuesday. “While May retail sales were down slightly, largely due to supply chain constraints, the more accurate indicator remains in the year-over-year data which, as the NRF calculates, showed growth of over 17%,” NRF president

NRF: Retail sales to now exceed $4.44 trillion in 2021

NRF: Retail sales to now exceed $4.44 trillion in 2021

WASHINGTON – Retail sales will grow between 10.5% and 13.5% this year, topping $4.44 trillion, according to a revised forecast by the National Retail Federation. “The economy and consumer spending have proven to be much more resilient than initially forecasted,” NRF president and CEO Matthew Shay said. “The combination of vaccine distribution, fiscal stimulus and

NRF welcomes EEOC vaccination guidance

NRF welcomes EEOC vaccination guidance

WASHINGTON – The National Retail Federation on Friday welcomed guidance from the Equal Employment Opportunity Commission indicating that companies can reward employees who get vaccinated. “Retailers have consistently recommended that employees and customers get vaccinated against COVID-19, barring a disability or religious-based objection,” said Edward Egee, NRF vice president of government relations and workforce development.

NRF expects record high spending for Father’s Day

NRF expects record high spending for Father’s Day

WASHINGTON – The National Retail Federation on Tuesday projected that U.S. consumers will spend more than $20.1 billion — a record high — on gifts and other items for Father’s Day this year. The projection is based on NRF’s annual survey conducted by Prosper Insight & Analytics. Total spending for the holiday will surpass last

NRF says U.S. economy could see fastest growth since 1980s

NRF says U.S. economy could see fastest growth since 1980s

WASHINGTON — The  U.S. economy could be headed for its fastest growth in more than three decades, National Retail Federation chief economist Jack Kleinhenz said on Monday. “While there is a great deal of uncertainty about how fast and far this economy will grow in 2021, surveys show an increase in individuals being vaccinated, more

Retailers sue fed over failure to follow Congress’ direction on debit card swipe fees

Retailers sue fed over failure to follow Congress’ direction on debit card swipe fees

WASHINGTON – Retailers filed a lawsuit Thursday seeking to have the Federal Reserve lower its 10-year-old cap on “swipe” fees banks charge to process debit card transactions, saying the agency wrongly applied federal law and that merchants have paid billions of dollars more than intended by Congress while banks’ costs have fallen. “The Fed allowed

March retail sales rebound amid Increased vaccination and government stimulus

March retail sales rebound amid Increased vaccination and government stimulus

WASHINGTON – Retail sales rebounded with huge gains in March as government checks fattened consumers’ bank accounts and more vaccination against COVID-19 made it easier for shoppers to get out of the house and lead the acceleration of the U.S. economy, the National Retail Federation said Thursday. “The dramatic increase of 17.7% in March retail

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

Retailers say House bill to expand union powers would harm both employers, employees

Retailers say House bill to expand union powers would harm both employers, employees

WASHINGTON – The National Retail Federation said legislation passed by the House last tonight expanding the power of labor unions would infringe on the rights of both businesses and workers and called on the Senate to vote against the measure. “The PRO Act would fundamentally redefine labor relations,” NRF Senior vice president for Government Relations

NRF issues statement on Senate passage of COVID-19 relief bill

NRF issues statement on Senate passage of COVID-19 relief bill

WASHINGTON — The National Retail Federation issued the following statement from president and CEO Matthew Shay in response to the Senate passage of President Biden’s $1.9T coronavirus aid package. “Ensuring that the American people are given the opportunity to quickly and safely get vaccinated against COVID-19 is the most critical component of the legislation passed

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

January posts strong retail sales numbers

January posts strong retail sales numbers

WASHINGTON – Retail sales grew sharply in January as government stimulus checks provided a boost and momentum from 2020’s record holiday season carried over into the new year, the National Retail Federation said Wednesday. “January’s retail sales numbers reflect a very strong start for consumers and retailers as we look ahead to a critical year

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