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Entries tagged with: Nrf


Americans, Europeans both face issues in complying with rising EU data regulations

The National Retail Federation and EuroCommerce recently released a paper that addresses operational challenges retailers in both the United States and the European Union face as they implement programs to comply with new EU data protection regulations while continuing to meet consumers’ expectations for customer service. “There are still many questions about how the GDPR applies to critical areas of retail operations,” the paper said. “Retailers must find appropriate methods for GDPR compliance that further their customer…  » Read more

Former Facebook market development chief to speak at NRF’s Shop.org conference

CEOs, startup founders and top business personalities will discuss the shifting retail landscape and how to improve the customer experience as more than 2,500 leading members of the retail community gather in Las Vegas Sept. 12-14 for the National Retail Federation’s annual Shop.org conference. “Shop.org showcases how retailers are reimagining the shopping experience, selling through multiple channels and in multiple ways,” NRF President and CEO Matthew Shay said. “We are at the epicenter of a vibrant…  » Read more

Graduation spending expected to reach $5.2 billion

Consumers say they will spoil high school and college graduates this year by filling their greeting cards with gift cards and cash, according to the annual survey released May 17 by the National Retail Federation and Prosper Insights & Analytics. The average person buying graduation gifts will spend $102.51, on par with last year’s $104.92. Total spending is expected to reach $5.2 billion, the third-highest number in the survey’s 12-year history following the record $5.6 billion…  » Read more

NRF warns feds that tariffs would destroy jobs, raise prices

The National Retail Federation told the Office of the U.S. Trade Representative during a hearing today that proposed tariffs on Chinese goods would destroy U.S. jobs, disrupt supply chains and increase prices for U.S. consumers during the upcoming back-to-school and holiday seasons. “Prices will rise, and the economy will suffer,” NRF Senior Vice President for Government Relations David French said in his testimony. “Retailers cannot quickly change suppliers to find alternate sources for goods impacted by…  » Read more

April retail growth in line with yearly projections

April retail sales increased 0.4 percent seasonally adjusted over March and 2.8 percent year-over-year as consumers continued to spend, the National Retail Federation said May 15. The numbers exclude automobiles, gasoline stations and restaurants. “Retail sales growth remains solid and on track as households benefit from tax cuts even though they have faced unseasonable weather and bumpy financial markets,” NRF Chief Economist Jack Kleinhenz said. “The tax cuts and higher savings levels should help consumers…  » Read more

Import numbers rising in spite of tariff threat

Imports at the nation’s major retail container ports are expected to grow steadily throughout the summer despite the prospect of heavy tariffs on goods from China, according to the monthly Global Port Tracker report released by the National Retail Federation and Hackett Associates. “With proposed tariffs yet to be officially imposed, retailers are stocking up on merchandise that could soon cost considerably more,” NRF Vice President for Supply Chain and Customs Policy Jonathan Gold said.…  » Read more

Study: NAFTA withdrawal would be brutal hit to retailers

Withdrawing from the North American Free Trade Agreement would cost retailers and consumers up to $16 billion a year and lead to the loss of 128,000 retail-related jobs over the next three years, according to an AT Kearney study released May 7 that was prepared for the National Retail Federation, the Retail Industry Leaders Association and the Food Marketing Institute. “There’s a lot at stake for American retailers, workers and consumers as the administration resumes NAFTA negotiations,”…  » Read more

Retail jobs increase by 3,700 during April

With the economy boosted by tax reform and other factors, retail industry employment increased by 3,700 jobs seasonally adjusted in April over March and 48,900 jobs unadjusted year-over-year, the National Retail Federation said today. The numbers exclude automobile dealers, gasoline stations and restaurants. Overall, U.S. businesses added 164,000 jobs, the Labor Department said. "The jobs gains are looking very good and are in line with the continuing growth of the economy,” NRF Chief Economist Jack…  » Read more

Examining millennial parents’ shopping habits

As millennials reach their late 20s and 30s, many are reaching their next step in life: parenthood. And findings from the spring edition of the National Retail Federation’s quarterly Consumer View report released in early May provided insight into how these new parents shop, spend and engage with brands differently than parents in other generations. “The millennial generation has at turns confounded, inspired and challenged researchers and analysts with their spending habits,” NRF Director of Retail and…  » Read more

Mother’s Day spending expected to reach $23.1 billion

Mother’s Day spending is expected to total a near-record $23.1 billion this year, according to the annual survey released April 24 by the National Retail Federation and Prosper Insights & Analytics. A total 86 percent of Americans will celebrate Mother’s Day and spend an average of $180 per person. “This year’s Mother’s Day forecast is one of the strongest we’ve ever seen,” NRF President and CEO Matthew Shay said. “With spring in full bloom, Americans are…  » Read more

Overall March retail sales up 5 percent from last year

March retail sales increased 0.3 percent seasonally adjusted over February and 5 percent year-over-year as the economy continued to grow, the National Retail Federation said Monday, April 16. The numbers exclude automobiles, gasoline stations and restaurants. “This is a healthy spending report despite market volatility, unseasonable weather and uncertain economic policies,” NRF Chief Economist Jack Kleinhenz said. “Consumers continue to show resiliency in spending, and these numbers reflect how the economy is performing with a…  » Read more

Top industry experts to speak at NRF’s PROTECT conference

Nearly 90 industry leaders will speak as over 2,500 retailers, loss prevention executives, cybersecurity experts and law enforcement officers assemble in Dallas June 11-13 at the annual NRF PROTECT conference. This year’s program is presented jointly by the National Retail Federation and the Food Marketing Institute. “Once again we are putting together the largest retail loss prevention and asset protection event in North America,” NRF Vice President for Loss Prevention Bob Moraca said. “This year we will…  » Read more

Major retail CEOs meet with Trump to discuss what’s working, what isn’t

The National Retail Federation took CEOs from some of the nation’s largest and best known retail companies to the White House today to meet with President Trump on issues facing the industry. “We appreciate this opportunity to tell the President how the important work he has done on tax reform and deregulation is benefitting the retail industry, our workers and American consumers,” NRF President and CEO Matthew Shay said. “Today’s meeting shows that President Trump…  » Read more

Retail expert: ‘Nothing good’ about potential trade war with China

Imports at the nation’s major retail container ports are expected to grow a healthy 5.8 percent year-over-year this month but could be threatened in the future if the developing trade war between the United States and China continues to escalate, according to the monthly Global Port Tracker report released April 6 by the National Retail Federation and Hackett Associates. “Tariffs are a tax on American consumers in the form of higher prices but they are…  » Read more

Retail jobs fell in March, but still up from one year ago

Amid fluctuations in weather and spring holidays, retail industry employment fell by 6,400 jobs seasonally adjusted in March but showed an increase of 30,800 unadjusted year-over-year, the National Retail Federation said. The numbers exclude automobile dealers, gasoline stations and restaurants. Overall, the economy added 103,000 jobs, the Labor Department said. "March was weaker than February but the trend is in the right direction,” NRF Chief Economist Jack Kleinhenz said. “This time of year can be…  » Read more

Easter: Americans expected to spend more than $6 billion on decorations, gifts, candy

Easter spending is expected to total $18.2 billion this year, almost on par from a record $18.4 billion in 2017 but still the second-highest level on record, according to the annual survey released today by the National Retail Federation and Prosper Insights & Analytics. A total of 81 percent of Americans will celebrate the holiday and spend an average of $150 per person, down from last year’s previous record of $152. “Despite a modest drop,…  » Read more

Retail giants to Trump: Tariffs would wipe out tax reform benefits

Some of the largest brands in retail have sent a letter to President Trump outlining their concerns about the detrimental impact broadly applied tariffs could have on American families. The National Retail Federation, Retail Industry Leaders Association, American Apparel & Footwear Association and their membership fought long and hard to help pass tax reform. The industry is concerned that any benefits from reform for retailers and families will be wiped out by broadly applied tariffs on every day…  » Read more

Traditional, online retail coming more intertwined as brick-and-mortars continue to adapt

Traditional and online retailing are increasingly intertwined as customers seamlessly shop across touchpoints and the industry uses both platforms to better serve them, according to the annual State of Retailing Online study released by the National Retail Federation and Forrester. “This report shows more than ever that retail is retail regardless of where a sale is made or how the product is delivered,” NRF Vice President for Research Development and Industry Analysis Mark Mathews said. “Products ordered…  » Read more

Total retail sales up slightly in February over January

February 2018 retail sales increased 0.3 percent seasonally adjusted over January and 4.4 percent year-over-year as the economy continued to grow, the National Retail Federation said. The numbers exclude automobiles, gasoline stations and restaurants. “Consumers are still in the driver’s seat,” NRF Chief Economist Jack Kleinhenz said. “Month-to-month comparisons don’t tell the whole story because of seasonal adjustment factors, but the three-month moving average and other year-over-year numbers are better indicators that reflect how sales…  » Read more

NRF urging government to close loopholes in data-breach standards

The National Retail Federation has told the House Financial Services Committee that draft data breach notification legislation needs additional work to ensure that appropriate data security standards are set and that no industries that handle sensitive data are exempt. “The legislation being considered by the committee is an important step forward but has significant loopholes that would allow major data breaches to be kept secret from the public,” NRF Vice President and Senior Policy Counsel…  » Read more

Retail sector employment increases by 46,000 jobs during February

Retail industry employment increased by 46,400 jobs in February over January, the National Retail Federation announced March 9. The number excludes automobile dealers, gasoline stations and restaurants. Overall, the economy added 313,000 jobs, the Labor Department said. “This substantial gain in retail jobs is a significant positive sign regarding the health and viability of the industry,” NRF Chief Economist Jack Kleinhenz said. “It is stronger than expected and there were broad gains across most retail…  » Read more

Most Americans won’t use tax refund to splurge

More Americans than ever plan to hold on to their tax refunds this year rather than spending the money they get from the IRS, according to the annual tax refund survey released by the National Retail Federation and Prosper Insights & Analytics. “Tax return season is a time when consumers plan and prioritize financially, whether it is paying down debt or saving for a rainy day,” NRF President and CEO Matthew Shay said. “With the passage of…  » Read more

43 percent of Americans plan to party for St. Patrick’s Day

Americans plan to spend a record $5.9 billion to celebrate St. Patrick’s Day this year, according to the annual survey released Feb. 28 by the National Retail Federation and Prosper Insights & Analytics. That’s the highest level in the survey’s 14-year history, up from last year’s previous record of $5.3 billion. “With winter hopefully winding down over the next few weeks, consumers are ready to start celebrating spring with St. Patrick’s Day,” NRF President and CEO Matthew Shay…  » Read more

January retail numbers up 5.4 percent over last year

An improving economy kept January retail sales nearly as good as the holiday season’s strong showing — dropping only 0.26 percent seasonally adjusted from December — and fueled a healthy 5.4 percent increase year-over year, the National Retail Federation said today. The numbers exclude automobiles, gasoline stations and restaurants. “These numbers reinforce a positive start to 2018 that reflects ongoing consumer optimism brought about by solid economic fundamentals,” NRF Chief Economist Jack Kleinhenz said. “Consumer…  » Read more

Retail sales will grow approximately 4 percent in 2018, NRF projects

The National Retail Federation has released its 2018 economic forecast, projecting that retail industry sales will grow between 3.8 and 4.4 percent over 2017. Online and other non-store sales, which are included in the overall number, are expected to increase between 10 and 12 percent. The numbers exclude automobiles, gasoline stations and restaurants. Retail sales grew 3.9 percent in 2017 over 2016 to $3.53 trillion, according to the U.S. Census bureau’s preliminary estimate for the…  » Read more

Podcast: Using data to shape the shopping journey

The retail industry isn’t undergoing an evolution, but a revolution. Yet with monumental advancements in retail technology, it can be difficult for retailers to decide which solutions are best for their businesses. For this episode, SalesforceSenior Vice President of Retail Industry Shelley Bransten and PwC Partner Ian Kahn joined Retail Gets Real from NRF 2018: Retail’s Big Show to discuss how retailers can use data and technology to their advantage. Technology is an enabler for innovation, but retailers shouldn’t adopt…  » Read more

Number of retail jobs jumps by 11,000 in January

Retail industry employment increased by 11,100 jobs in January over December, the National Retail Federation said. The number excludes automobile dealers, gasoline stations and restaurants. Overall, the economy added 200,000 jobs, the Labor Department said. “These numbers reflect the strong holiday season and how retailers matched consumer demand for consumption by hiring additional staff,” NRF Chief Economist Jack Kleinhenz said. “There’s always a loss of jobs after the holidays, but this year at least some…  » Read more

Americans to spend nearly $20 billion on Valentine’s Day, led by jewelry, flowers, gift cards

U.S. consumers are expected to spend an average $143.56 on Valentine’s Day as 55 percent of the population celebrates this year, an increase from last year’s $136.57, according to the annual survey released today by the National Retail Federation and Prosper Insights & Analytics. Total spending is expected to reach $19.6 billion, up from $18.2 billion last year. The numbers are the second-highest in the survey’s 15-year history, topped only by the record $146.84 and…  » Read more

Americans to spend estimated $15 billion on Super Bowl

American adults are expected to spend an average $81.17 for a total of $15.3 billion as an estimated 188.5 million people watch the New England Patriots take on the Philadelphia Eagles in the Super Bowl next month, according to the annual survey released today by National Retail Federation and Prosper Insights & Analytics. Projected viewership is the same as last year but total spending is up 8.5% from $14.1 billion in 2017. “Whether throwing their…  » Read more

Executives talk retail transformation, from a female point of view

NRF 2018: Retail’s Big Show kicked off its second day with a series of inspiring female executives who are affecting transformational change in retail and beyond. Beth Comstock, former vice chair at GE, drew from her nearly 30 years of executive experience, providing helpful insights on how the right culture and team structure can drive real innovation. In a separate discussion, Helena Foulkes, executive vice president of CVS Health and president of CVS Pharmacy, shared examples…  » Read more

Holiday retail sales exceed National Retail Federation expectations

Holiday sales during November and December increased 5.5 percent over the same period in 2016 to $691.9 billion as growing wages, stronger employment and higher confidence led consumers to spend more than had been expected, the National Retail Federation said today. The number, which excludes restaurants, automobile dealers and gasoline stations, includes $138.4 billion in online and other non-store sales, which were up 11.5 percent over the year before. The results exceeded NRF’s forecast of between…  » Read more

Growing customer demands: Fast, easy and at no addition cost for delivery

When consumers shop — in stores or online — they are usually looking for something specific and want to be able to find it easily. And when they shop online they expect to get their merchandise delivered quickly and for free. Those are among the findings released Jan. 16 in the latest issue of Consumer View, a quarterly report issued by the National Retail Federation that gauges consumer behavior and shopping trends related to stores,…  » Read more

Sales increase leads retailers to import more merchandise than ‘ever’ in 2017

Imports at the nation’s major retail container ports grew 7 percent during 2017 over 2016 as retail sales continued to increase and the industry wrapped up the year with a strong holiday season, according to the monthly Global Port Tracker report released today by the National Retail Federation and Hackett Associates. “Retail had a strong year fueled by growing wages, higher employment and a boost in consumer confidence,” NRF Vice President for Supply Chain and…  » Read more

Proposed rules by Dept. of Labor would aid small retailers’ access to healthcare plans, says NRF

The National Retail Federation welcomed proposed regulations released Jan. 4 by the Department of Labor that would help expand small retailers’ access to affordable health insurance through the use of association health plans. “Main Street retailers need more affordable health care options and a level playing field with larger companies that are better positioned to negotiate for lower insurance costs,” NRF Senior Vice President for Government Relations David French said. “For years, we’ve called for AHPs to…  » Read more

Retail predictions for 2018

By Jennifer Overstreet | National Retail Federation No one knows more about retail than STORES Magazine Editor Susan Reda, and she believes the industry has a lot be excited about. “I think 2017 was a really interesting year for retail,” she said. “I would call it one of the most transformative periods of retail that I have seen in decades.” 2018 is shaping up to be another dynamic year, as she predicts that technology will play an…  » Read more

Retailers ‘winners’ thanks to new tax reform, says NRF

The National Retail Federation welcomed tax reform signed into law by President Trump on Dec. 22, saying the measure will dramatically benefit businesses, workers and consumers. “This is landmark legislation that will boost our nation’s economy more than anything we have seen in decades,” NRF President and CEO Matthew Shay said. “Middle-class taxpayers are the biggest winners, with significantly more take-home pay thanks to tax cuts and vast new employment opportunities because of tax relief…  » Read more

October retail sales up from last year; early reports show holiday shopping to meet expectations

Retail sales in November increased 0.9 percent over October on a seasonally adjusted basis and were up 6 percent year-over-year unadjusted, according to calculations released Dec. 14 by the National Retail Federation. Online and other non-store sales grew 10.5 percent year-over-year, reflecting the growth of online shopping. The numbers exclude automobiles, gasoline stations and restaurants. “This has been an impressive start to the holiday season, perhaps the best in the last few years,” NRF Chief Economist…  » Read more

Vend names Party & Halloween Retailer contributors Reyhle, Phibbs among most influential retailers

Vend retail management software company has released its annual list of the top 100 influencers in retail, and Party & Hallowenen Retailer is proud to share that two regular contributors — Nicole Leinbach Reyhle of Retail Minded and the Retail Doc Bob Phibbs — are among the top four. Topping the list is National Retail Federation CEO and president Matthew Shay. Retail, real estate and technology analyst Debroah Weinswig was No. 2, followed by Reyhle at…  » Read more

Retail job sector sees ‘one of the strongest gains of the year’ during October

Retail industry employment increased by an unusually high 12,900 jobs in November over October, the National Retail Federation announced Dec. 8. The number excludes automobile dealers, gasoline stations and restaurants. Overall, the economy added 228,000 jobs, the Labor Department said. “This was one of the strongest gains we’ve seen all year,” NRF Chief Economist Jack Kleinhenz said. “You expect employment to be up during the holiday season and retailers are expecting strong holiday sales with…  » Read more

25 people named to The List of People Shaping Retail’s Future

The NRF Foundation announced the 25 individuals named to The List of People Shaping Retail’s Future on Dec. 6. The honorees represent the best and brightest individuals impacting the retail industry and will be celebrated Jan. 14, 2018, at the NRF Foundation Gala during NRF 2018: Retail’s Big Show in New York City. Proceeds from the Gala benefit the NRF Foundation, NRF’s nonprofit arm, which is committed to shaping the future of retail talent. “An…  » Read more

Tax reform package welcomed by National Retail Federation

The National Retail Federation welcomed Senate passage of landmark tax reform legislation on Dec. 2, saying congressional action on the pro-growth plan is helping boost consumer confidence and that savings from reform could be enough to pay for many families’ holiday shopping. “This vote couldn’t come at a better time,” NRF President and CEO Matthew Shay said. “Holiday shopping was strong throughout the Thanksgiving weekend, and a good part of the reason was optimism about the work…  » Read more

Number of Americans who shopped over Thanksgiving weekend exceeds original expectations

From Thanksgiving Day through Cyber Monday, more than 174 million Americans shopped in stores and online during the just-concluded holiday weekend, beating the 164 million estimated shoppers from an earlier survey by the National Retail Federation and Prosper Insights and Analytics. Average spending per person over the five-day period was $335.47, with $250.78 – 75 percent – specifically going toward gifts. The biggest spenders were older Millennials (25-34 years old) at $419.52. “All the fundamentals…  » Read more

Organized retail crime a growing problem

Organized retail crime is continuing to grow, with 67 percent of retailers surveyed reporting an increase in the past year, according to the 13th annual ORC study released today by the National Retail Federation. The survey of retail loss prevention employees found that 96 percent of responding companies had experienced ORC in the past year. Losses averaged $726,351 per $1 billion in sales, an increase from $700,259 last year. “Organized retail crime continues to be…  » Read more

164 million people expected to shop Thanksgiving weekend

The biggest shopping weekend of the year is right around the corner and 69 percent of Americans — an estimated 164 million people — are planning to shop or considering shopping during Thanksgiving weekend, according to the annual survey released today by the National Retail Federation and Prosper Insights & Analytics. For the first time in survey history, the numbers include Cyber Monday in addition to Thanksgiving Day, Black Friday, Small Business Saturday and Sunday.…  » Read more

10 tips for hiring military veterans

More than 200,000 men and women transition out of the armed services each year. After dedicating their lives to serving the country, they are often left wondering what the next step will be in their careers. Whether it’s experience in supply chain, logistics, team building or cybersecurity, veterans leave the military equipped with skills that are easily transferable to retail’s fast-paced environment. Many retailers have recognized veterans as a rich talent pool and have put…  » Read more

NRF asks congress to reverse ‘joint employer’ law that exposes retailers to lawsuits

The National Retail Federation (NRF) is asking the House to approve legislation set for a vote this week that would reverse an expanded definition of a “joint employer” adopted during the Obama administration that has increased businesses’ exposure to lawsuits. “Restoring certainty in labor relations is a top priority for retailers, and we appreciate congressional efforts to address the real-world consequences associated with limitless joint employer liability,” NRF Senior Vice President David French said. “Without…  » Read more

Retail jobs decline during October; retail federation cites hurricanes

Retail industry employment declined by 18,000 jobs in October, the National Retail Federation reported. The number excludes automobile dealers, gasoline stations and restaurants. Overall, the economy added 261,000 jobs, the Labor Department said. “Retail jobs were down in October while overall employment was up, but it is difficult to draw conclusions because the jobs data is still distorted by the aftermath of the recent hurricanes,” NRF Chief Economist Jack Kleinhenz said. “The storms have caused…  » Read more

NRF urges Supreme Court to deal with ‘out of date’ online sales tax stance

The National Retail Federation has filed a brief urging the U.S. Supreme Court to take up a South Dakota case on whether online sellers can be required to collect sales tax the same as local stores, saying the court’s landmark 1992 ruling on the issue is out of date and that collection is no longer the burden it might once have been. “One of NRF’s top priorities is to ensure that all of our members…  » Read more

NRF lauds congressional budget resolution, which sets stage for tax reform

The National Retail Federation praised today’s passage of the final version of a fiscal year 2018 budget resolution, which sets the stage for the introduction of a tax reform bill as early as next week. “By quickly passing the budget resolution without further delay, Congress has signaled that they’re truly serious about tackling tax reform this year,” NRF Senior Vice President for Government Relations David French said. “Lowering the corporate tax rate and cutting middle-class…  » Read more

Overall retail sales up during September

Hurricane recovery spending contributed to an increase in U.S. retail sales for the month of September. Retail sales increased 0.5% over August on a seasonally adjusted basis, and were up 3.2% year-over-year (YOY) on an unadjusted basis, according to the National Retail Federation. This was lower than advanced estimates from the U.S. Department of Commerce. The department reported that U.S. retail and food services sales for September 2017 were $483.9 billion. This is an increase…  » Read more

Retail jobs down slightly in September

Retail industry employment saw a modest decline in September, decreasing 4,600 jobs from revised August figures, the National Retail Federation said today. The number excludes automobile dealers, gasoline stations and restaurants. The economy overall saw a loss of 33,000 jobs in September. “The recent hurricanes have caused distortions to economic figures and September employment numbers are likely to undergo dramatic revisions,” NRF Chief Economist Jack Kleinhenz said. “The silver lining is that hourly wages continue…  » Read more

NRF survey: Brick-and-mortar traffic holding steady

Although the news of the “retail apocalypse,” poor store sales and bankruptcies has dominated today’s headlines, consumers are still flocking to stores — and retailers should take this as a great sign. As many as 78% of consumers are shopping in stores either about the same or more than they were a year ago, according to a survey from the National Retail Federation (NRF).  At a roundtable discussion at Shop.org, three industry thought leaders shared…  » Read more

New corporate tax proposal could be major boost for retailers

The National Retail Federation welcomed a tax reform proposal released Sept. 27 by the Trump administration and congressional leadership, saying the measure could provide a major boost for the nation’s economy. “We look forward to hearing more details but this is a very positive step forward to achieving the kind of comprehensive tax reform that is needed to keep our nation’s economy competitive in the global environment,” NRF President and CEO Matthew Shay said. “This…  » Read more

NRF launches consumer-behavior quarterly report Consumer View

The National Retail Federation has launched Consumer View, a new quarterly report designed to gauge consumer behavior and shopping trends related to stores, online channels, customer loyalty, technology and other issues. “The retail industry is changing more rapidly than ever before, and this new vehicle will help us continue to regularly track those changes,” NRF President and CEO Matthew Shay said. “Solid research is the basis of informed decisions, and we want to be sure…  » Read more

Target announces $15 minimum wage by 2020; NRF responds

The National Retail Federation released the following statement from President and CEO Matthew Shay in response to the announcement by Target that the company will increase its minimum hourly wage to $11 next month and to $15 by the end of 2020: "With a tightening labor market, competition for talent and the need to retain a skilled workforce, this is one more example of the investments retailers are making to compete successfully in an era…  » Read more

Retailers ask labor department to take state of economy into OT rule consideration

The National Retail Federation told the Department of Labor on Sept. 25 that the Obama administration set the threshold for exemption from overtime too high in regulations struck down by a federal judge this summer and that any new level adopted under President Trump should be lower and account for regional and industry differences. “NRF strongly opposed the final rule’s attempt to raise employee wages by executive fiat and its significant increase in the regulatory…  » Read more

See what Halloween costume genres are projected to be the top sellers in 2017

With more people celebrating, Americans will splurge on costumes, candy and pumpkins for a record $9.1 billion in Halloween spending this year, according to the annual survey released Sept. 21 by the National Retail Federation and Prosper Insights & Analytics. The figure is up 8.3 percent from last year’s previous record of $8.4 billion.
 “Americans are planning to spend more than ever as they gear up for Halloween,” NRF President and CEO Matthew Shay said.…  » Read more

Retail federation urges lawmakers to lower corporate tax rate

The National Retail Federation told Congress that lawmakers need to lower the nation’s corporate tax rate in order to remain competitive in the global economy and to keep high taxes from hampering job creation. “The U.S. economy cannot thrive when we have the highest corporate tax rate in the industrialized world,” NRF Senior Vice President for Government Relations David French said. “Americans cannot sit by any longer and watch other nations continue to reduce corporate…  » Read more

SCOTUS needs to act now to enforce online sales tax, says NRF

The National Retail Federation said a ruling issued Sept. 14 by the South Dakota Supreme Court sets the stage for the U.S. Supreme Court to revisit a long-out-of-date ruling on ecommerce. But NRF called on Congress to quickly pass legislation allowing states to require online sellers to collect sales tax the same as local stores rather than continuing to leave the issue in the hands of the courts. “It’s time for Congress to pass a law that…  » Read more

NRF tempers retail sales forecast for rest of year

The National Retail Federation has adjusted its forecast for retail sales for 2017, saying sales are now expected to increase between 3.2 percent and 3.8 percent rather than the 3.7-4.2 percent forecast earlier this year. “Meaningful revisions to retail sales numbers by the Census Bureau and similar revisions to personal income and consumption by the Bureau of Economic Analysis have both affected our forecast and have required us to adjust our 2017 sales projection,” NRF Chief…  » Read more

Number of retail stores actually increasing, not decreasing

By Mark Mathews | National Retail Federation Click here to view a chart comparing net store openings and closings. As the “retail apocalypse” canard continues to grab the odd headline in the media, the data and the facts are consistently telling us quite a different story: a story of an industry in transition, but still growing. The most recent retail sales figures released by the Census Bureau were up a robust 4.2 percent year-on-year in…  » Read more

July sales numbers positive for retailers

Retail sales in July increased by 0.6 percent over June on a seasonally adjusted basis, triple the revised 0.2 percent growth seen in June, according to calculations released today by the National Retail Federation. Sales increased by 3.5 percent year-over-year, a continuation of the growth seen in June and long-term trends. The numbers exclude automobiles, gasoline stations and restaurants. “Consumer spending remains solid as retail sales saw healthy improvements in July and revised June numbers were…  » Read more

NRF survey shows where retailers are in chip card switch

A new survey conducted for NRF shows small retailers have nearly caught up with large merchants in making the switch to chip-and-signature credit cards — even though virtually half say the cards would be more secure if easy-to-forge signatures were replaced with a secret personal identification number. The survey found that 60 percent of small bricks-and-mortar retailers had installed chip card readers by this spring and another 10 percent expected to have done so by July, bringing…  » Read more

Hot 100 Retailers list shows ‘shifts in shopping behaviors’

Whether they sell through traditional stores, online or both, companies that provide unique offerings and experiences for consumers dominate the list of Hot 100 Retailers published by the National Retail Federation’s STORES magazine. “The retail industry is getting better at addressing shifts in shopping behaviors and thinking differently,” STORES Media Editor Susan Reda said. “What matters most to consumers is a retailer differentiating itself in the marketplace, being innovative with merchandise and offering the right value to the…  » Read more

Dockworkers union reaches agreement to avoid any supply disruptions

The National Retail Federation welcomed reports that the International Longshore and Warehouse Union and the Pacific Maritime Association appear close to extending their existing contract at West Coast ports nearly two full years before it is set to expire. “We applaud ILWU members for taking the unprecedented step of approving a contract extension well in advance of the contract expiration,” NRF Vice President for Supply Chain and Customs Policy Jonathan Gold said. “This agreement between…  » Read more

NRF chief economist makes retail predictions

As the chief economist for the largest retail trade organization in the world, Jack Kleinhenz’s days revolve around big data and economic forecasting models. With over 35 years of experience, Kleinhenz is well-versed in examining data patterns and trying to provide some perspective. “I’m a storyteller,” he said, and forecasting is “like a jigsaw puzzle.” Raw data is put into models and it’s Kleinhenz’s job to provide the narrative — a combination of art and science.…  » Read more

NRF continues efforts for 21st century tax reform

By David French | National Retail Federation As you know, the NRF has been fully engaged in a campaign to stop consideration of the border adjustment taxas part of comprehensive tax reform. On July 27, Republican leaders in the House, Senate and administration announced their intentions to continue to work on comprehensive tax reform without moving to a consumption tax system. Most importantly, in a joint statement the leaders recognized the concerns with a border adjustment tax and have decided to…  » Read more

Pence: ‘Congress needs to step up’ to help retailers

Vice President Mike Pence praised the retail industry’s contributions to the economy as he spoke before merchants from across the nation at NRF’s annual Retail Advocates Summit, and pledged to help pass pro-growth initiatives on issues from Obamacare repeal to tax reform. “I want to assure you that our president knows as retail goes, so goes America,” Pence told retailers in remarks carried live on CNN and MSNBC. “Our administration is focused on the issues that…  » Read more

NRF slams N.Y. Post article for playing into “retail is dying” narrative

The New York Post has a problem with the National Retail Federation’s optimistic back-to-school spending predictions, and the National Retail Federation has a problem with that. In an interview with Forbes’ Barbara Thau, NRF vice president of research said the Post’s article, titled “Retail group’s back-to-school projection doesn’t jive with recent numbers,” feeds into an inaccurate narrative of retail dying. The NRF report predicted back-to-school spending would increase by 10 percent from last year to more…  » Read more

Retail jobs exceed growth expectations during June

Retail industry employment turned a corner in June, gaining 7,400 jobs over May, the National Retail Federation reported. The retail numbers exclude automobile dealers, gasoline stations and restaurants. The economy overall saw gains of 222,000 jobs in June, far exceeding growth expectations for the month. “The gain in June shows that the industry is still very much meeting the demands of consumers and households,” NRF Chief Economist Jack Kleinhenz said. “While one month does not…  » Read more

Labor Department withdraws joint employer liability guidelines set under Obama

The National Retail Federation welcomed the announcement from the Labor Department that it would withdraw burdensome guidance issued under the Obama Administration significantly broadening the definition of a joint employer and creating seemingly limitless liability in business to business relationships. “Today’s announcement from the Labor Department is an important first step in reversing one of the most onerous regulations imposed by the previous administration on businesses,” NRF President and CEO Matthew Shay said. “Drastically expanding…  » Read more

Cutting-edge loss prevention technology, strategies on display at NRF Protect convention

At the National Retail Federation (NRF) Protect loss prevention conference this week, industry leader Toshiba will share its vision of driving growth for retailers and restaurants through three key areas: video surveillance innovations, cloud-based system management, and new strategies for point-of-purchase security. Taking center stage at the trade show will be the Toshiba Percept™ family of network video recorders that allow retailers to record, view and analyze video surveillance locally while leveraging the company's innovative cloud…  » Read more

Hooray for Dads: Father’s Day spending to break record

Americans are expected to spend more than ever on gifts for Father’s Day this year with the biggest share going to special outings like a ballgame, concert or dinner, according to the National Retail Federation’s annual survey conducted by Prosper Insight & Analytics. Father’s Day shoppers are expected to spend an average $134.75 for the holiday, up from last year’s $125.92. With 77 percent of consumers surveyed celebrating, total spending is expected to reach $15.5…  » Read more

Retail jobs down in May, although total earnings remain steady

Retail industry employment decreased by 8,500 jobs in May from April, the National Retail Federation reported June 2, while average hourly earnings were up 2.5 percent on a year-over-year basis, in line with growth in recent months. The numbers exclude automobile dealers, gasoline stations and restaurants. The overall economy gained 138,000 jobs in May, the Labor Department said. “Though job growth in the retail industry decelerated in May, employment overall is above what is needed…  » Read more

House Republicans abandon plans to repeal swipe fee reform

The National Retail Federation welcomed reports that House Republican leaders plan to abandon an attempt to repeal debit card swipe fee reform that has saved retailers and their customers more than $40 billion and brought badly needed competition to the payments market. “This is a major victory for the consumers who have saved billions of dollars under swipe fee reform and for the communities where retailers have used swipe savings to improve customer service, create jobs and…  » Read more

NRF: Tax reform could set retailers back for years

The National Retail Federation is urging Congress to focus on updating the existing federal income tax system through comprehensive reform rather than moving toward a consumption tax. Under either approach, Congress should reject a proposed $1 trillion border adjustment tax that would drive up prices for consumers and cost the economy jobs, NRF said. “The most important aspect of any tax reform measure is its impact on the economy, jobs and the consumer,” NRF Senior Vice President…  » Read more

3 retailers excelling at the in-store experience

Despite the meteoric rise of digital retail in recent years, most retail sales come from physical stores, and bricks-and-mortar remains a priority for retailers. But how do you create an in-person shopping experience that keeps customers coming back in an age where digital convenience and fun are constantly evolving? Ahead of Retail’s BIG Show 2017, executives at apparel retailer Gap, grocery and foodservice retailer Smart & Final and Kellogg’s NYC cereal café offered their insights on bricks-and-mortar…  » Read more

Graduation spending expected to reach all-time high

Consumers say they will spend more than ever on graduation gifts this year as they stuff greeting cards with gift cards and cash, according to the annual survey released today by the National Retail Federation and Prosper Insights & Analytics. With more consumers buying for graduates this year – 36 percent compared with 34 percent in 2016 – total spending is expected to reach $5.6 billion. That’s the highest number in the survey’s 11-year history,…  » Read more

Debit card reform vote coming; National Retail Federation ups fight against it

From the National Retail Federation: With the House set to take action in less than two weeks on legislation that would repeal debit card swipe fee reform, retailers small and large say reform has brought huge benefits to their businesses and customers, and has also brought much-needed competition to the payments market. Speaking with NRF this week, family-owned retailers, mid-sized merchants and well-known national brands all said swipe fee reform needs to be preserved. The concern…  » Read more

Retail sector sees employment spike

Retail industry employment increased by 2,500 jobs in April from March, the National Retail Federation said.. The numbers exclude automobile dealers, gasoline stations and restaurants. The overall economy gained 211,000 jobs in April, the Labor Department said. “This rebound in April employment mitigates the weakness in recent months,” NRF Chief Economist Jack Kleinhenz said. “It’s important to remember that job growth and other key economic indicators for any single month or short period can be…  » Read more

NRF says debit card reform would further line banks’ pockets

The National Retail Federation on May 2 called on the House Financial Services Committee to reject efforts to repeal debit card swipe fee reform as it considers approval of the Financial Choice Act. “Debit card swipe fee reform has brought competition and transparency to the debit card payments market,” NRF Senior Vice President for Government Relations David French said. “Repealing reform would only undermine transparency and competition, further lining banks’ pockets.” “Swipe fees are a major concern,…  » Read more

Congress responding to retailers’ online sales tax pressure

The National Retail Federation welcomed renewed efforts in Congress to require online sellers to collect sales tax the same as local stores. “With more states passing sales tax laws or going to court, pressure is building on Congress to finally address this issue,” NRF Senior Vice President for Government Affairs David French said. “The states know they can’t fix this on their own, but they agree with retailers that Congress has stalled for far too long.…  » Read more

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