WASHINGTON – Consumer spending on Halloween-related items is expected to reach an all-time high of $10.14 billion this year, the National Retail Federation said Wednesday. That’s up from $8.05 billion in 2020. “Americans plan to spend more than ever to make this Halloween a memorable one,” NRF president and CEO Matthew Shay said. “Retailers have
WASHINGTON – The NRF Foundation will honor CVS Pharmacy president Neela Montgomery in January as one of the “People Shaping Retail’s Future 2022,” the organization said Tuesday. Montgomery, who is also executive vice president of CVS, is one of five retail leaders who will be celebrated at the NRF Foundation Honors in New York City in January.
WASHINGTON – U.S. retail sales increased a modest 0.7% in August, as consumers spent more on apparel, electronics and home goods, the Commerce Department reported this week. The larger-than-expected increase followed a 1.8% decline in July and gains earlier this summer. The recovery’s uneven pace is highlighted by declining sales at restaurants and bars last
WASHINGTON — Online is where the growth is, as evidenced by this year’s Hot 25 Retailers List, released Wednesday by the National Retail Federation. Wine.com and overstock.com topped the list, which aims to highlight the nation’s most impactful and fastest-growing retail companies. The rankings, compiled by Kantar, are based on year-over-year percentage increases in domestic sales.
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
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
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
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.
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
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
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
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
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
WASHINGTON – Consumers plan to spend an average of $179.70 this Easter, the highest figure on record, according to results of the annual survey released Wednesday by the National Retail Federation and Prosper Insights & Analytics. A total of 79% of Americans will celebrate the holiday and spend a collective $21.6 billion, down slightly from
