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Entries tagged with: Nrf


Average American will spend more than $1,000 on holiday shopping

Consumers say they will spend an average of $1,007.24 during the holiday season this year, up 4.1 percent from the $967.13 they said they would spend last year, according to the annual survey released in late October by the National Retail Federation and Prosper Insights & Analytics. “The holidays are just around the corner and consumers are ready to shop,” NRF President and CEO Matthew Shay said. “Confidence is near an all-time high, unemployment is…  » Read more

U.S. retailers to meet with Europeans to discuss privacy laws

U.S. retailers will highlight challenges faced in complying with European privacy rules while still serving the needs of their customers as regulators meet for an international conference in Brussels, the National Retail Federation said. “In an increasingly global economy, retailers are required to comply with regulations from around the world,” NRF President and CEO Matthew Shay said. “Privacy is a top priority for retailers and they want to honor the privacy expectations of their customers…  » Read more

Overall September retail sales up 3 percent from last year

Retail sales in September increased 0.4 percent over August on a seasonally adjusted basis and were up 3 percent year-over-year unadjusted, according to calculations released by the National Retail Federation. The numbers exclude automobiles, gasoline stations and restaurants. “Retail sales were somewhat softer than expected in September and some of the weakness can be attributed to Hurricane Florence and geopolitical trade concerns,” NRF Chief Economist Jack Kleinhenz said. “Recent solid wage gains and other fundamentals continue…  » Read more

Most American consumers frequent discount stores and it’s only rising

Almost all U.S. consumers are value-conscious shoppers who regularly visit discount retailers to find a bargain, according to the latest issue of the quarterly Consumer View report released by the National Retail Federation. “Looking for the best price is a habit that cuts across almost every demographic,” NRF Vice President for Research Development and Industry Analysis Mark Mathews said. “Regardless of income or generation, virtually everyone wants a bargain whether it’s for everyday necessities or…  » Read more

Tariffs not slowing down imports yet

Imports at the nation’s major retail container ports are expected to remain at near-record levels this month despite a new round of tariffs that took effect in September, according to the monthly Global Port Tracker report released today by the National Retail Federation and Hackett Associates. “Retailers are continuing to import merchandise in order to meet consumer demand even though tariffs are now in place on roughly half the goods imported from China and the…  » Read more

Retail jobs fall as summer ends, but still up from a year ago

Retail industry employment in September increased by 25,600 jobs unadjusted over the same time last year despite a seasonally adjusted drop of 23,600 jobs from August, the National Retail Federation announced Oct. 5. The numbers exclude automobile dealers, gasoline stations and restaurants. Overall, U.S. businesses added 134,000 jobs over August, the Labor Department said. "I think we can safely ignore the decline from August because that was largely the result of the aftermath of Hurricane…  » Read more

Canada in NAFTA deal great news, retailers say

The National Retail Federation issued the following statement from President and CEO Matthew Shay after the U.S., Canada and Mexico reached a deal updating the North American Free Trade Agreement. “We are pleased a deal has been reached that preserves NAFTA’s trilateral framework, which is critical to protecting North American supply chains that support millions of American jobs. The administration, as well as officials from Canada and Mexico, should be applauded for months of hard…  » Read more

Halloween spending expected to reach $9 billion again

Once again, Americans are looking forward to splurging on their favorite candy, costumes and decorations during the Halloween season. According to the National Retail Federation’s annual survey conducted by Prosper Insights & Analytics, total spending for Halloween is expected to reach $9 billion, the second highest in the survey’s 14-year history. The figure is relatively the same as last year’s previous record of $9.1 billion. Celebrants are planning to spend an average of $86.79, up…  » Read more

Credit card swipe fees: Proposed settlement not nearly enough, says NRF

The National Retail Federation said a proposed new class-action settlement, which purports to resolve claims that Visa and MasterCard set credit card swipe fees in a multi-billion dollar price-fixing scheme, largely resembles part of an agreement that both a federal appellate court and the retail industry had already rejected. “The monetary settlement doesn’t solve the problem. Swipe fees cost retailers and their customers tens of billions of dollars a year and have been skyrocketing for nearly two…  » Read more

NRF: Tariff escalation will ‘touch every aspect of American life’

The National Retail Federation Sept. 17 issued the following statement from President and CEO Matthew Shay regarding the Trump administration’s plan to move forward with additional tariffs on Chinese goods. “As thousands of businesses have testified and explained in comments to the administration, tariffs are a tax on American families. It’s disappointing that, despite the voices of those impacted, the administration continues to advance harmful tariff policies that threaten to weaken the U.S. economy. “Every…  » Read more

Retail group expresses support for Save American Workers Act

The National Retail Federation on Sept. 11 expressed strong support for the Save American Workers Act ahead of a vote set in the House this week. The bill would advance affordable health care benefits for retail employees by restoring the traditional 40-hour workweek standard under the Affordable Care Act and delay the so-called Cadillac Tax on the value of health plans by another year.  “Many of the concerns NRF expressed prior to enactment of the ACA have been demonstrated…  » Read more

Retail sector employment up by 90,000 jobs since last year

Retail industry employment in August increased by 89,100 jobs unadjusted over the same time last year despite a seasonally adjusted drop of 9,700 jobs from July, the National Retail Federation said in a Sept. 7 release. The numbers exclude automobile dealers, gasoline stations and restaurants. Overall, U.S. businesses added 201,000 jobs over May, the Labor Department said. "The strong overall job growth across industries reflects the tight labor market but also shows that the economy…  » Read more

NRF: U.S. must bring Canada into NAFTA deal

The National Retail Federation issued the following statement from President and CEO Matthew Shay on Aug. 27 after the United States and Mexico announced a preliminary deal on the North American Free Trade Agreement. “Coming to terms with Mexico is an encouraging sign, but threatening to pull out of the existing agreement is not. NAFTA supports millions of U.S. jobs and provides hardworking American families access to more products at lower prices. To preserve these…  » Read more

Senate Finance Committee clarifies intent of depreciation tax reform

The National Retail Federation today applauded Senate Finance Committee Republicans for clarifying the congressional intent of provisions of the federal tax reform law related to depreciation rules and “carryback” of operating losses. In a letter, the senators called on Treasury Secretary Steven Mnuchin and Internal Revenue Service Acting Commissioner David Kautter to reflect this congressional intent in any guidance they issue pertaining to these provisions and in the IRS enforcement of the law. The two errors in the law are…  » Read more

National Retail Federation increases sales forecast for remainder of 2018

The National Retail Federation has increased its retail sales forecast for 2018, saying sales are expected to grow more than previously predicted thanks to tax reform and other positive economic inputs but warning that tariffs threaten to dampen consumer confidence. NRF now expects 2018 retail sales to increase at a minimum of 4.5 percent over 2017 rather than the 3.8 to 4.4 percent range forecast earlier this year. The numbers exclude automobiles, gasoline stations and restaurants.…  » Read more

July retail totals show solid start to third quarter

July retail sales were up 0.4 percent seasonally adjusted from June and increased 4.9 percent unadjusted year-over-year, giving the industry a solid kickoff for the third quarter as consumers continued to spend despite concerns about the growing trade war, the National Retail Federation said today. The numbers exclude automobiles, gasoline stations and restaurants. “Today’s numbers mirror the economy, which is in very good shape,” NRF Chief Economist Jack Kleinhenz said, citing consumer confidence, a strengthening…  » Read more

Imports set record number as retailers prepare for tariffs

With retail sales rising and retailers rushing to bring merchandise into the country ahead of proposed new tariffs on products from China, imports at the nation’s major retail container ports have set two new records this summer and are expected to set another this month, according to the monthly Global Port Tracker report released by the National Retail Federation and Hackett Associates. “Tariffs on most consumer products have yet to take effect but retailers appear…  » Read more

July retail employment numbers up slightly from June

Retail industry employment in July increased by 66,000 jobs unadjusted over the same time last year, showing ongoing industry growth, the National Retail Federation said Aug. 3. The numbers exclude automobile dealers, gasoline stations and restaurants. Overall, U.S. businesses added 157,000 jobs over June, the Labor Department said. “While today’s jobs release may appear disappointing after a string of monthly gains, the economy remains fundamentally strong,” NRF Chief Economist Jack Kleinhenz said. “In the past,…  » Read more

NRF announces list of 100 fastest-growing retail companies

Successful retail segmentation owed in part to skilled management and strategy rather than any particular game-changing innovation led companies to top the list of Hot 100 Retailers published Aug. 3 by the National Retail Federation’s STORES magazine. “Strong consumer confidence and high job growth are leading consumers to spend more on big purchases like home buying, home improvements and even travel that drive retail spending,” STORES Media Editor Susan Reda said. “This economic climate — paired with businesses that are…  » Read more

Retail group exasperated with new tariff development, calls it ‘unacceptable gamble’

The National Retail Federation issued the following statement from President and CEO Matthew Shay on Aug. 1 following the administration's announcement that it will consider imposing a tariff of 25 percent rather than 10 percent on $200 billion in goods from China: “We said before that this round of tariffs amounted to doubling down on the recklessness of imposing trade policy that will hurt U.S. families and workers more than they will hurt China. Increasing the size of the…  » Read more

Small retailer testifies in front of Congress that online sales tax ruling won’t create burden

A small Florida-based retailer who sells both in-store and online told Congress Juiy 24 that last month’s Supreme Court ruling in favor of online sales tax collection will end a price disadvantage suffered by local stores without creating an undue burden for internet sellers. “BrandsMart is looking forward to the new retail landscape,” BrandsMart U.S.A. Executive Vice President Lary Sinewitz said. “We believe that when we compete on price and good customer service without having to…  » Read more

National Retail Federation signs White House’s ‘Pledge to America’s Workers’ initiative

During a workforce development event at the White House on July 19, the National Retail Federation signed a “Pledge to America’s Workers,” committing to create enhanced career opportunities for 250,000 individuals over the next five years through the NRF Foundation’s RISE Up program and student programs. “For countless Americans, retail is the first step toward success in the workforce,” NRF President and CEO Matthew Shay said. “But it’s more than a first step — it’s often an opportunity…  » Read more

Brick-and-mortar retail sales lag slightly in June, but still up from last year

June retail sales were up 0.07 percent seasonally adjusted from May’s strong performance and increased 4.2 percent unadjusted year-over-year as economic growth continued despite the U.S. trade war with China and other countries, the National Retail Federation said today. The numbers exclude automobiles, gasoline stations and restaurants. “This is a healthy retail sales report and consistent with underlying economic momentum that has fueled a steady run of retail sales increases,” NRF Chief Economist Jack Kleinhenz…  » Read more

Americans expected to spend more than $80 billion for back-to-school merch

The back-to-school and college shopping season is in full swing, but many parents and college students say they are waiting for the best deals to complete their shopping lists, according to the annual survey released today by the National Retail Federation and Prosper Insights and Analytics. Total spending for K-12 schools and college combined is projected to reach $82.8 billion, nearly as high as last year’s $83.6 billion. “With the economy thriving thanks to tax reform and…  » Read more

Retailers support congressional pushback of international tariffs

The National Retail Federation issued the following statement from Senior Vice President for Government Relations David French after the Senate approved a “motion to instruct” related to congressional approval of national-security designated tariffs. “There is clearly growing bipartisan concern over the administration’s reckless trade agenda as the real-world consequences of tariffs spread in communities across the country. Congress has an important role to play in protecting hardworking Americans from a trade war, and this vote…  » Read more

Retail jobs up in June, but NRF warns of volatile swing if trade war continues

Retail industry employment in June increased by 50,200 jobs unadjusted over the same time last year despite a seasonally adjusted drop from May of 25,800, the National Retail Federation said June 6. The numbers exclude automobile dealers, gasoline stations and restaurants. Overall, U.S. businesses added 213,000 jobs over May, the Labor Department said. "This is another solid, robust payroll increase that nicely closes out the second quarter and affirms a very strong economy,” NRF Chief…  » Read more

New California privacy act ‘deeply flawed,’ says NRF

The National Retail Federation called the new California Consumer Privacy Act of 2018 “deeply flawed” and said customer service could be severely hampered if the legislature fails to address retailers’ concerns before the measure takes effect in 2020. “This law is objectionable on many levels,” NRF Senior Vice President for Government Relations David French said. “This is a deeply flawed measure aimed more at lining the pockets of attorneys than protecting consumers. It will expose…  » Read more

Supreme Court says retailers can’t encourage shoppers to use credit cards with lower processing fees

The National Retail Federation said U.S. Supreme Court decision in favor of American Express rules that prevent retailers from encouraging the use of other credit cards with lower processing fees will perpetuate a system that costs merchants and consumers billions of dollars a year. “(June 25's) ruling is a blow to competition and transparency in the credit card market,” NRF Senior Vice President and General Counsel Stephanie Martz said. “The American Express rules in question have amounted to…  » Read more

Wednesday Fourth of July doing projected spending numbers no favors

Americans are expected to spend $6.9 billion on food for Fourth of July cookouts and picnics next month, according to the annual survey released June 22 by the National Retail Federation and Prosper Insight & Analytics. That’s down from last year’s record $7.1 billion as fewer people say they will turn out for the Wednesday holiday but is still the second-highest amount in the history of the survey and per-person spending is up. “With the…  » Read more

Supreme Court rules online retailers are subject to state, local sales tax laws

In a landmark decision for retailers and consumers around the country, the U.S. Supreme Court ruled Thursday, June 21 that states can require online retailers to collect sales tax. The vote in the case of South Dakota v. Wayfair was close, 5-4, with Justices Alito, Ginsberg, Gorsuch, Kennedy and Thomas voting in favor of South Dakota, which sued Wayfair Inc. and two other online-only retailers. Chief Justice Roberts and Justices Breyer, Kagan and Sotomayor dissented.…  » Read more

NRF: Congress must intervene in trade war with China

The National Retail Federation tonight issued the following statement from President and CEO Matthew Shay after President Trump said he is considering tariffs on an additional $200 billion in Chinese goods if China does not yield to U.S. demands: “This is just what we predicted — a tit-for-tat trade war has erupted and American families are caught in the middle. Higher prices for everyday essentials and lost jobs threaten to sap the energy out of the…  » Read more

May retail numbers up 5.6 percent from last year

May retail sales increased 0.7 percent seasonally adjusted over April and 5.6 percent unadjusted year-over-year as a growing economy prompted consumers to continue to spend, the National Retail Federation announced. The numbers exclude automobiles, gasoline stations and restaurants. “The economy is looking strong and households have a solid financial foundation on which to base their spending,” NRF Chief Economist Jack Kleinhenz said, noting increased take-home pay thanks in part to tax cuts, unemployment at a…  » Read more

National Retail Federation leading coalition to improve payment security

The National Retail Federation, other retail groups and two of the nation’s best-known ATM networks announced today that they have formed a new coalition intended to improve the security of the U.S. electronic payments system ranging from credit and debit cards to emerging technology. “The payments system has to keep pace with rapidly evolving technology and the needs of consumers and commerce,” NRF Senior Vice President and General Counsel Stephanie Martz said. “The U.S. payments infrastructure should…  » Read more

Retail jobs up again in May, as unemployment rate continues to drop

The retail industry employment increased by 28,800 jobs seasonally adjusted in May over April and 100,000 jobs unadjusted year-over-year, the National Retail Federation said. The numbers exclude automobile dealers, gasoline stations and restaurants. Overall, U.S. businesses added 223,000 jobs, the Labor Department said. “May’s rebound in jobs together with yesterday’s report of solid income growth and the rise in consumer confidence points to the economy functioning very well,” NRF Chief Economist Jack Kleinhenz said. “Solid fundamentals in…  » Read more

Americans expected to spend more than $15 billion on Father’s Day

Father’s Day spending is expected to total a near-record $15.3 billion this year, according to a study released today by the National Retail Federation and Prosper Insights & Analytics. A total of 77 percent of Americans will celebrate Father’s Day and spend an average of $133 per person. “We are pleased to see consumer confidence continue to rise, leading to another near-record holiday spend on Father’s Day,” NRF President and CEO Matthew Shay said. “Leading…  » Read more

Retail leaders express frustration with White House’s plans to move forward with tariffs

The National Retail Federation issued the following statement from President and CEO Matthew Shay after the White House announced plans to move forward with tariffs on $50 billion of Chinese imports. “We’re disappointed the administration has announced plans to move ahead with tariffs, which will lead to higher costs for consumers, fewer jobs and retaliation. China’s trade practices raise serious concerns, but job-killing tariffs aren’t the answer. As the U.S. and China prepare for another…  » Read more

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