August 6, 2020 by Chain Drug Review
COVID-19, Forrester, Leon Buck, mobile payments and contactless credit or debit cards has significantly increased in the past few months, NRF
Business, Leading Headlines, Retail News
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
August 3, 2020 by Chain Drug Review
COVID-19, National Retail Federation chief economist Jack Kleinhenz, NRF
Leading Headlines
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
July 10, 2020 by Chain Drug Review
COVID-19, David French, NRF, trade credit insurance
Leading Headlines, Retail News
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
July 9, 2020 by Chain Drug Review
Big Show annual convention and expo, Matthew Shay, NRF
Business, Leading Headlines, Retail News
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
July 1, 2020 by Chain Drug Review
Jack Kleinhenz, NRF
Business, Leading Headlines, Pharmacy
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
June 16, 2020 by Chain Drug Review
COVID-19, Matthew Shay, National Retail Federation chief economist Jack Kleinhenz, NRF, retail sales
Business, Leading Headlines, Retail News
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
June 1, 2020 by Chain Drug Review
George Floyd, Matthew Shay, NRF
Leading Headlines, Retail News
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
June 1, 2020 by Chain Drug Review
COVD-19, National Retail Federation chief economist Jack Kleinhenz, NRF
Business, Leading Headlines, Retail News
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?
April 8, 2020 by Chain Drug Review
COVID-19, Jonathan Gold, NRF
Business, Leading Headlines, Retail News
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
January 17, 2020 by Chain Drug Review
2019 holiday sales, NRF, NRF chief economist Jack Kleinhenz, NRF president and chief executive officer Matthew Shay
Business, Featured Articles, Leading Headlines, Retail News
WASHINGTON – Holiday retail sales during 2019 grew 4.1% over the same period in 2018 to $730.2 billion, the National Retail Federation said this week. The numbers exclude automobile dealers, gasoline stations and restaurants. Online and other non-store sales were up 14.6% over the year before at $167.8 billion and are included in the total.
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
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
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