Entries tagged with: Nrf

Retailers plead with congress: Don’t repeal debit card reform

The National Retail Federation and retailers from across the country went to Capitol Hill as Congress held a hearing on legislation that would repeal debit card swipe fee reform, telling lawmakers that reform has saved merchants and consumers more than $40 billion and should be protected. “Debit card reform has been a remarkable success,” NRF Senior Vice President and General Counsel Mallory Duncan said. “It has saved retailers and their customers billions of dollars and it…  » Read more

Mother’s Day retail spending to be sky-high in 2017

Consumers say they will spend more than ever on Mother’s Day this year as they shower moms with everything from jewelry to special outings at favorite restaurants, according to the National Retail Federation’s annual survey conducted by Prosper Insights & Analytics. Mother’s Day shoppers are expected to spend an average of $186.39 for the holiday, up from last year’s $172.22. With 85 percent of consumers surveyed celebrating the holiday, total spending is expected to reach…  » Read more

March retail sales see spike from last year

Retail sales in March increased 0.3 percent seasonally adjusted over February and 3.5 percent unadjusted year-over-year, according to calculations released today by the National Retail Federation. The numbers exclude automobiles, gasoline stations and restaurants. “Various factors were at play in the first quarter, but we are again seeing a pattern similar to previous years — consumer spending was weak but is expected to pick up as we move through the year,” NRF Chief Economist Jack Kleinhenz said.…  » Read more

National Retail Federation ups campaign to fight controversial tax proposal

From the National Retail Federation: House Republicans in Congress have proposed a “border adjustment tax” on all imported goods — from clothing to computers, gasoline to groceries and toys to tires. The BAT would be a new, additional tax that would drive up the prices of countless products Americans use every day. This destructive new tax is a job-killing formula that would be bad for retailers and consumers alike. NRF launched an intensive campaign against…  » Read more

Retailers welcome court-issued hold on new overtime rules

The National Retail Federation welcomed a judge’s Nov. 23 ruling that will prevent the Labor Department’s changes to federal overtime rules from taking effect as scheduled on Dec. 1. U.S. District Judge Amos Mazzant issued a preliminary injunction in a lawsuit brought by NRF, attorneys general from 21 states and dozens of business groups arguing that the changes are unlawful. The ruling effectively pauses implementation of the rules until the courts reach a final decision on their legality. “The Labor Department’s overtime…  » Read more

National Retail Federation predicts ‘solid’ holiday buying season

The National Retail Federation announced Oct. 4 it expects sales in November and December, excluding autos, gas and restaurant sales, to increase a solid 3.6 percent to $655.8 billion — significantly higher than the 10-year average of 2.5 percent and above the seven-year average of 3.4 percent since recovery began in 2009. Additionally, NRF is forecasting non-store sales to increase between 7 and 10 percent to as much as $117 billion. “All of the fundamentals are in a good place, giving strength to consumers and leading us…  » Read more