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2021 Retail Imports to Show Record Growth Despite Pandemic

Imports at the nation’s major retail container ports are expected to end 2021 with both the largest volume and fastest growth on record despite supply chain disruptions brought on by the COVID-19 pandemic, according to the monthly Global Port Tracker report released today by the National Retail Federation and Hackett Associates.

“This has been an unprecedented year,” NRF Vice President for Supply Chain and Customs Policy Jonathan Gold said. “We’ve seen more disruption than ever before because of issues along every step of the supply chain and continued strong consumer..."

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Dec 8 1:43 PM, General News



October Retail Sales Grew as Consumers Got an Early Start on Holiday Shopping

Retail sales rose in October as many consumers began holiday shopping early to avoid any shortages amid pandemic-driven supply chain disruptions that are dominating businesses and shoppers this holiday season, the National Retail Federation said today.

“Retail sales data for October reflects the enduring strength of consumers’ finances and willingness to spend as the holiday season gets underway,” NRF President and CEO Matthew Shay said. “The robust balance sheets of American households are being met by retailer preparation and hard work to provide products that consumers...

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Nov 17 8:00 AM, General News


NRF Responds to Stay Granted for OSHA Vaccine Mandate

The National Retail Federation today issued the following statement regarding the 5th U.S. Circuit Court of Appeals’ decision to extend a stay for the Occupational Safety and Health Administration’s COVID-19 employer-based vaccination and testing emergency temporary standard.

“We are pleased with the decision by the 5th U.S. Circuit Court of Appeals preventing the Biden administration from doing anything to enforce the OSHA ETS unless and until an appeal is made or another court says otherwise. The court agrees that this is neither a workplace hazard nor an emergency..."

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Nov 16 8:00 AM, General News


NRF Joins Trade Associations in Petition to Review OSHA Mandate

The National Retail Federation today issued the following statement from President and CEO Matthew Shay regarding the organization’s involvement in a multi-trade association lawsuit against the Occupational Safety and Health Administration (OSHA) for its COVID-19 employer-based vaccination and testing Emergency Temporary Standard (ETS).

“We are deeply concerned about the timing for implementing the OSHA vaccine mandate during the most important season of the year for retailers and customers. Our members are already facing workforce shortages and supply chain disruptions, in addition to the legal and practical challenges..."

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Nov 10 9:15 AM, General News


Retail Imports Near Record Pace Despite Port Congestion as Holiday Season Begins

Imports at the nation’s congested container ports are expected to remain at near-record levels for the remainder of the year as retailers rush to move merchandise from docks to shelves in time to meet the expectations of holiday shoppers, according to the monthly Global Port Tracker report released today by the National Retail Federation and Hackett Associates.

“Dockworkers are unloading ships as fast as they can, but the challenge is to move the containers out of the ports to make room for the next ship..."

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Nov 9 7:57 AM, General News


NRF Issues Statement on Administration’s Vaccine Requirement for U.S. Employers

The National Retail Federation today issued the following statement from Senior Vice President for Government Relations David French in response to the issuance of the Occupational Safety and Health Administration’s new emergency temporary standard. The new federal rules will require all employers with 100 or more employees to ensure their workers are vaccinated or tested weekly for COVID-19.

“Over the past 19 months, retailers across the country have taken extraordinary measures to keep their employees, customers and communities safe during the COVID-19 pandemic. As part of these efforts..."

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Nov 5 8:00 AM, General News


NRF Predicts Highest Holiday Retail Sales on Record

Holiday spending has the potential to shatter previous records, as the National Retail Federation today forecast that holiday sales during November and December will grow between 8.5 percent and 10.5 percent over 2020 to between $843.4 billion and $859 billion. The numbers, which exclude automobile dealers, gasoline stations and restaurants, compare with a previous high of 8.2 percent in 2020 to $777.3 billion and an average increase of 4.4 percent over the past five years.

“There is considerable momentum heading into the holiday shopping season,” NRF President and CEO...

 

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Oct 28 8:00 AM, General News


September Retail Sales Grew as Delta Variant Favored Spending on Goods Over Services

Retail sales increased again in September as worries about the COVID-19 delta variant pushed consumer spending toward merchandise rather than services like dining, entertainment or travel despite supply chain disruptions and inflation, the National Retail Federation said today.

“Today’s retail sales data confirms the sheer power of the consumer to spend, and we expect this to continue,” NRF President and CEO Matthew Shay said. “Despite persistent challenges related to the global pandemic, supply chain and labor shortages, retailers and their partners have shown resilience..."

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Oct 18 8:53 AM, General News


NRF Statement on White House Supply Chain Summit

The National Retail Federation today issued the following statement from President and CEO Matthew Shay following NRF’s participation in today’s White House meeting with the business community, carriers, as well as labor and port representatives in order to find solutions to address supply chain challenges.

“We thank President Biden, Vice President Harris, Secretary Buttigieg, Director Deese and Port Envoy John Porcari for their leadership to address the ongoing global supply chain disruption. It is critically important that we all come together – business, labor and government – to address the current issue..."

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Oct 14 7:55 AM, General News


Retail Imports Remain High, But Could Be Higher Without Port Congestion

Imports at the nation’s largest retail container ports should remain at near-record levels this month but could see a slight dip from last year’s unusually high numbers as congestion slows the movement of backed-up cargo, according to the monthly Global Port Tracker report released today by the National Retail Federation and Hackett Associates.

“The cargo is there for larger gains at several ports but congestion issues are impacting fluid operations,” NRF Vice President for Supply Chain and Customs Policy Jonathan Gold said...

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Oct 8 7:57 AM, General News


NRF Statement on Biden Administration’s China Trade Policy

The National Retail Federation today issued the following statement from Senior Vice President of Government Relations David French in response to United States Trade Representative Katherine Tai’s announcement on the Biden administration’s China trade policy.

“American businesses across the country continue to be severely impacted by the tariffs put into place by the previous administration. Today’s long-awaited announcement proved the Biden administration’s trade strategy on China to be lackluster at most, and will further inflict unnecessary damage to the American economy and retail supply chains.

“The continuation of these harmful..."

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Oct 5 9:18 AM, General News


NRF Economist: ‘Watch What Consumers Do, Not What They Say’ as Recovery Continues

Despite falling consumer confidence numbers amid the recent rise in COVID-19 infections, shoppers are continuing to spend, National Retail Federation Chief Economist Jack Kleinhenz said today.

“With consumer spending accounting for roughly two-thirds of U.S. gross domestic product, all eyes are closely watching shoppers’ ability to drive the economy,” Kleinhenz said. “If consumer finances are any indication, there’s reason to be optimistic: Households remain in good shape, with consumers in the aggregate actually underspending relative to current income. Even though enhanced unemployment benefits have expired..."

 

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Oct 4 8:03 AM, General News


New Supply Chain Program Offers Training in Critical, Growing Area for Retailers

The NRF Foundation and the Association for Supply Chain Management (ASCM) Foundation today announced the launch of a new Warehouse, Inventory and Logistics certificate for retail employees. The program will be offered as the newest credential as part of the NRF Foundation’s RISE Up skills training portfolio.

“Ecommerce and supply chains are increasingly essential to our economy,” said NRF President and CEO Matthew Shay. “The Warehouse, Inventory and Logistics credential will give job seekers and employees the training they need to navigate the complex..."

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Sep 28 7:55 AM, General News


Halloween Spending Soars as Celebrations Near Pre-Pandemic Levels

Consumer spending on Halloween-related items is expected to reach an all-time high of $10.14 billion, up from $8.05 billion in 2020, according to the National Retail Federation’s annual survey conducted by Prosper Insights & Analytics. Plans to celebrate Halloween are up this year compared with last and are close to pre-pandemic levels.

“Americans plan to spend more than ever to make this Halloween a memorable one,” NRF President and CEO Matthew Shay said. “Retailers have implemented a number of measures, such as bringing in Halloween..."

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Sep 24 8:00 AM, General News


August Retail Sales Rise Despite 'Trifecta of Macroeconomic Headwinds'

Retail sales increased during August as consumer demand outweighed the pandemic, supply chain disruptions and other factors affecting spending, the National Retail Federation said today.

“The increase in August retail sales reflects the continued strength of the American consumer and the resilience of our nation’s retailers,” NRF President and CEO Matthew Shay said. “In spite of the ongoing challenges of the global pandemic, concerns about the delta variant, and supply chain and workforce constraints, the retail industry continues to do what it does best – serve customers and support communities..."

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Sep 17 8:44 AM, General News


Coalition of Businesses, Trade Groups Endorse Ocean Shipping Reform Act

A coalition of more than 152 companies and trade associations representing U.S. importers, exporters, transportation providers and other supply chain stakeholders today submitted a letter of support to Congress endorsing the Ocean Shipping Reform Act of 2021.

The bipartisan legislation was introduced last month by Congressmen John Garamendi and Dusty Johnson and would update the Shipping Act to recognize the significant changes to the international maritime transportation system of the past two decades. U.S. companies, their workers and consumers rely on a global maritime transportation system to support their businesses...

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Sep 14 9:07 AM, General News


Labor Market Will Play a Role in Economic Outlook but Rising Wages Could Lead to More Inflation

Strong consumer spending over the past year has been boosted by government stimulus programs but will rely more on the labor market and job creation as the benefits of those efforts subside, National Retail Federation Chief Economist Jack Kleinhenz said today. Meanwhile, higher wages that employers have had to pay as they struggle to fill job openings could lead to more inflation in coming months.

“Consumer spending is currently far above pre-pandemic levels thanks to unprecedented monetary and fiscal policies that have backstopped demand by putting money into...

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Sep 2 8:42 AM, General News


July Retail Sales Slow Amid Tight Supply Chain but Demand Continues

Retail sales slowed during July as retailers continued to face supply chain disruptions and increased COVID-19 vaccinations allowed consumers to shift some spending from goods to activities like going out to dinner and traveling despite the delta variant, the National Retail Federation said today.

“July retail sales showed slight deceleration in spending, but nothing to derail our outlook for a record year,” NRF President and CEO Matthew Shay said. “Though the delta variant is presenting health challenges while supply chain disruptions along with unfilled job openings are presenting..."

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Aug 18 8:35 AM, General News


Retail Cargo Expected to Set Record in August as Merchants Move from Back-to-School to Holiday Prep

Imports at the nation’s largest retail container ports should hit yet another record in August as consumer demand continues to stretch supply chains and retailers shift from the back-to-school season to the peak shipping season for winter holiday merchandise, according to the monthly Global Port Tracker report released by the National Retail Federation and Hackett Associates.

“Back-to-school supplies have been hit by the same supply chain disruptions and port congestion that have affected"...

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Aug 9 8:23 AM, General News


NRF Chief Economist Says Vaccination is ‘Key to Further Economic Recovery’

The economy is growing quickly but its future still depends on slowing the coronavirus pandemic as consumers worry about new variants of the virus, National Retail Federation Chief Economist Jack Kleinhenz said today. Meanwhile, a labor shortage and supply chain disruptions are setting the stage for increased inflation.

“We are now in the second half of 2021 and the economy has heated up along with the summer temperatures,” Kleinhenz said. “Gross domestic product surpassed its pre-crisis peak during the second quarter and...

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Aug 4 8:32 AM, General News


NRF: June Retail Sales Increase as Recovery Continues

Retail sales saw solid growth during June, increasing in most categories on a monthly basis and across the board on a yearly basis as the recovery from the coronavirus pandemic continued, the National Retail Federation said today.

“Continued growth in June retail sales shows enduring strength in the American consumer,” NRF President and CEO Matthew Shay said. “Heading into the back-to-school season, we expect record sales as families purchase electronics, shoes and backpacks for in-person learning this year. However, as the drop in monthly auto sales indicates, retailers are...

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Jul 19 7:26 AM, General News


Retail Cargo Continues to See Double-Digit Increases Over 2020 as Supply Chain Disruptions Continue

Imports at the nation’s largest retail container ports are continuing to show double-digit growth over last year as strong consumer demand keeps up its momentum, according to the monthly Global Port Tracker report released today by the National Retail Federation and Hackett Associates.

“The year-over-year growth we saw this spring was off the charts because the comparisons were against a time when most stores were shut down due to the pandemic,” NRF Vice President for Supply Chain and Customs Policy Jonathan Gold said. “But we’re continuing to see strong growth even as we enter a point when stores had begun to reopen last year. That’s a sign of the...

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Jul 12 8:26 AM, General News


Chief Economist: NRF Revised Forecast Because ‘Great Uncertainty’ Has Transformed Into Recovery

As retailers head into the second half of 2021, the “great uncertainty” that clouded the nation’s economic outlook earlier in the year has transformed into evidence of an unprecedented recovery from the COVID-19 pandemic, National Retail Federation Chief Economist Jack Kleinhenz said today.

“It has become clear that the U.S. economy and retail sales are growing far faster and more steadily than anyone could have expected just a few months ago,” Kleinhenz said. “We are seeing not just unprecedented growth from months of pent-up demand as the economy reopens but momentum as well...

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Jul 2 9:29 AM, General News


May Retail Sales Reach Near-Record Level Despite Monthly Decline

Retail sales remained at elevated levels in May despite month-to-month fluctuations that masked near-record performance, the National Retail Federation said.

“While May retail sales were down slightly, largely due to supply chain constraints, the more accurate indicator remains in the year-over-year data which, as the NRF calculates, showed growth of over 17 percent,” NRF President and CEO Matthew Shay said. “For the first five months of this year, retail sales are already tracking 17.6 percent above the same five months of 2020, giving us further confidence in our newly revised sales forecast of growth between 10.5 percent and 13.5 percent to more than $4.44 trillion for 2021. While there are downside risks related to...

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Jun 17 8:24 AM, General News


NRF Calls on White House to Address Port Congestion Challenges

The National Retail Federation delivered a letter to the White House asking to meet with President Biden and other top administration officials regarding the challenges retailers are facing from continued supply chain disruptions that are leading to congestion at U.S. ports.

The letter from NRF President and CEO Matthew Shay states, “The supply chain disruption issues, especially the congestion affecting our key maritime ports, are causing significant challenges for America’s retailers. The congestion issues have not only added days and weeks to our supply chains but have led to inventory shortages impacting...

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Jun 16 8:30 AM, General News


Retail Sales to Now Exceed $4.44 Trillion in 2021, as NRF Revises Annual Forecast

The National Retail Federation issued its revised annual forecast for 2021, anticipating that retail sales will now grow between 10.5 percent and 13.5 percent to more than $4.44 trillion this year as the economy accelerates its pace of recovery.

“The economy and consumer spending have proven to be much more resilient than initially forecasted,” NRF President and CEO Matthew Shay said. “The combination of vaccine distribution, fiscal stimulus and private-sector ingenuity have put millions of Americans back to work. While there are downside risks related to worker shortages, an overheating economy, tax increases and over-regulation, overall households are healthier, and consumers are demonstrating...

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Jun 11 8:24 AM, General News


Retail Cargo Continues Setting Records as Supply Chains Struggle to Keep Up with Consumer Demand

Imports at the nation’s largest retail container ports saw their busiest April on record and May could turn out to have set a new all-time record as vaccines allowed consumers to return to normal shopping patterns, according to the monthly Global Port Tracker report released by the National Retail Federation and Hackett Associates.

“Vaccine rates are increasing, shoppers are back in stores and retail supply chains are working overtime,” NRF Vice President for Supply Chain and Customs Policy Jonathan Gold said. “There’s no shortage of demand from consumers, but there continue to be shortages of labor, equipment and shipping capacity to...

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Jun 9 8:22 AM, General News


NRF Chief Economist Says 'Satellite Account' Would Better Measure Retail Performance

National Retail Federation Chief Economist Jack Kleinhenz today backed a recommendation that federal agencies should create a “satellite account” to better assess the performance of the retail industry, saying traditional statistical measurements do not accurately reflect the industry’s contribution to the economy amid the increase in online shopping and other changes.

“In recent years, critics have claimed the retail industry is facing an existential crisis, that retail is not growing and that we are entering – if not already in – a retail apocalypse,” Kleinhenz said. “This is not an accurate picture, and the analysis driving this conclusion is incomplete. But why has this become...

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Jun 8 8:33 AM, General News


Study: 21 Million U.S. Jobs Depend on Imports

The National Retail Federation joined eight other business organizations to release “Imports Work for American Workers,” an economic impact study which found that imports support more than 21 million American jobs.

The study focuses on the net impact of imports on U.S. jobs — including statistics on sectors such as retail, apparel, transportation, manufacturing and consumer technology. The study also looks at how imports support jobs in states across the U.S. as well as trade policy initiatives pending before...

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May 24 8:21 AM, General News


Retailers to State & Local Leaders: Clarity Needed on Mask Orders

Retailers are asking state governors and mayors to thoughtfully consider the practicality of state and local orders that track The Centers for Disease Control and Prevention (CDC) guidance announced last Thursday giving fully vaccinated individuals approval to resume indoor and outdoor activities without wearing a mask.

In a letter sent to Governor Andrew Cuomo, Chairman of the National Governors Association and Mayor Greg Fischer, president of the U.S. Conference of Mayors, the Retail Industry Leaders Association (RILA), and...

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May 20 8:31 AM, General News


Retail Cargo Imports Set New Record as Economy Recovers

Imports at retail container ports hit a new record this spring and volume during the first half of 2021 is expected to be a third higher than last year as the economy continues to recover from the pandemic, according to the monthly Global Port Tracker report released today by the National Retail Federation and Hackett Associates.

“Despite the continuing pandemic, most consumers are in good financial health and aren’t hesitating to spend,” NRF Vice President for Supply Chain and Customs Policy Jonathan Gold said. “More spending translates into more merchandise arriving at our ports as retailers continue to meet...

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May 11 8:24 AM, General News


With ‘Feel-Better Situation’ for Consumers, Economy Could See Fastest Growth Since 1980s

With more businesses reopening and bringing employees back to work, the U.S. economy is on firm footing and could see its fastest growth in more than three decades, National Retail Federation Chief Economist Jack Kleinhenz said.

“While there is a great deal of uncertainty about how fast and far this economy will grow in 2021, surveys show an increase in individuals being vaccinated, more willingness to receive a vaccination, increased spending intentions and comfort with resuming pre-pandemic behaviors like shopping, travel and family gatherings,” Kleinhenz said. “This feel-better situation will likely translate into higher levels of household spending, especially around...

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May 5 8:26 AM, General News


March Retail Sales See Strong Rebound Amid Increased Vaccination and Government Stimulus

Retail sales rebounded with huge gains in March as government checks fattened consumers’ bank accounts and more vaccination against COVID-19 made it easier for shoppers to get out of the house and lead the acceleration of the U.S. economy, the National Retail Federation said.

“The dramatic increase of nearly 18 percent in March retail sales over the same period last year confirms that a confident consumer is driving the economic rebound, and that should continue through the remainder of 2021,” NRF President and CEO Matthew Shay said. “American households are clearly feeling the full effect of additional fiscal stimulus, gains in the job market and the reopening of the economy. Although there have been some recent issues related to vaccines, consumer confidence remains...

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Apr 19 8:30 AM, General News


Retail Import Surge Expected Through Summer

The unprecedented surge of imports at retail container ports that began last summer is expected to continue at least through the end of this summer as retailers work to meet increased consumer demand, according to the monthly Global Port Tracker report released today by the National Retail Federation and Hackett Associates.

“We’ve never seen imports at this high a level for such an extended period of time,” NRF Vice President for Supply Chain and Customs Policy Jonathan Gold said. “Records have been broken multiple times and near-record numbers are happening almost every month. Between federal stimulus checks and money saved by staying home for the better part of a year, consumers have money in their pockets and...

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Apr 9 8:27 AM, General News


NRF: One Year Later, Economy 'Has Come a Long Way'

With more vaccines in arms, federal stimulus putting money into pockets and consumers shopping again, the U.S. economy has made dramatic progress since the coronavirus pandemic brought activity to a near-standstill this time last year, National Retail Federation Chief Economist Jack Kleinhenz said.

“The economy has come a long way compared with a year ago,” Kleinhenz said. “Both monetary policy set by the Federal Reserve and fiscal policy set by Congress and the White House have responded with swift and overwhelming force to support the economy. NRF is optimistic that the recovery is...

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Apr 6 8:27 AM, General News


Retailers Urge Bipartisan Approach to Modernize U.S. Transportation Infrastructure

The National Retail Federation issued the following statement from Senior Vice President of Government Relations David French in response to a House committee hearing on transportation infrastructure. U.S. Secretary of Transportation Pete Buttigieg provided testimony on behalf of the Biden Administration.

“The retail industry relies on our nation’s transportation infrastructure to move billions of dollars’ worth of merchandise every day to warehouses, distribution centers and stores and ultimately to consumers’ front doors. A healthy and efficient infrastructure system supports economic development and growth in...

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Mar 29 8:19 AM, General News


NRF Says Extension of Paycheck Protection Program Vital to Small Businesses

The National Retail Federation issued the following statement from President and CEO Matthew Shay following the Senate’s approval to extend the Paycheck Protection Program.

“Throughout the past year, countless small businesses have been devastated by the pandemic. The Paycheck Protection Program has served as a lifeline for many retailers and other businesses across the country, ensuring they can continue to pay their employees and keep their doors open. As our economy begins to recover, extending the Paycheck Protection Program will give additional small businesses access to...

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Mar 29 8:19 AM, General News


Average Easter Spending Expected to be Highest on Record

Consumers plan to spend an average of $179.70 this Easter, the highest figure on record, according to results of the annual survey released by the National Retail Federation and Prosper Insights & Analytics. A total of 79 percent of Americans will celebrate the holiday and spend a collective $21.6 billion, down slightly from last year's pre-pandemic forecast of $21.7 billion.

“With new stimulus funds from the President’s American Rescue Plan, positive trends in vaccinations and growing consumer confidence, there is a lot of momentum heading into the Spring and holiday events like Easter,” said NRF President and CEO Matthew Shay. “Many have figured out how to...

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Mar 26 8:32 AM, General News


February Retail Sales Show Strong Year-Over-Year Growth as Vaccine and Stimulus Provide a Boost

Retail sales gained considerable year-over-year traction in February – despite a monthly slowdown from unusually high numbers in January – as increased COVID-19 vaccination, government stimulus and reduced restrictions on businesses continued to impact the pace of spending, the National Retail Federation said.

“February’s retail sales numbers are a minor speed bump on the road to post-pandemic recovery and are not a reflection of consumers’ willingness and ability to spend and drive the economy,” NRF President and CEO Matthew Shay said. "A number of factors contributed to these results, including major snowstorms in the northeast and unprecedented ice storms in the south, but they do not diminish the stimulus-related growth we saw in January or what we expect to see as additional stimulus relief hits consumer bank accounts in...

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Mar 18 8:15 AM, General News


Retailers Say House Bill to Expand Union Powers Would Harm Both Employers and Employees

The National Retail Federation said legislation passed by the House tonight expanding the power of labor unions would infringe on the rights of both businesses and workers and called on the Senate to vote against the measure.

“The PRO Act would fundamentally redefine labor relations,” NRF Senior Vice President for Government Relations David French said. “This is a laundry list of extreme labor proposals that are both individually and collectively extremely harmful to employees, employers and the American economy. This massive overhaul of federal labor law would be bad legislation in the best of times and is certainly not...

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Mar 11 8:24 AM, General News


Retail Imports Expected to Grow Dramatically During First Half of 2021

Imports at the nation’s largest retail container ports are expected to grow dramatically during the first half of 2021 as increased vaccination and continued in-store safety measures enable additional shopping options, according to the monthly Global Port Tracker report released today by the National Retail Federation and Hackett Associates.

“NRF is forecasting what could turn out to be record retail sales growth in 2021, and retailers are importing huge amounts of merchandise to meet the demand,” NRF Vice President for Supply Chain and Customs Policy Jonathan Gold said. “The supply chain slowdown we usually see after the holiday season never really happened this winter, and imports are already starting to...

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Mar 10 8:22 AM, General News


NRF Encourages Customers to Continue Wearing Masks in Stores Nationwide

The National Retail Federation issued the following statement from Senior Vice President of Communications and Public Affairs Bill Thorne in response to several states lifting mask mandates.

“Retail stores are private entities. If they require you to wear a mask in their stores, and you choose not to, that store can refuse admission or service. Retailers are private businesses, and it is within their right to implement and enforce policies that protect the health and the safety of their employees and their customers...

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Mar 5 8:21 AM, General News


NRF Forecasts Retail Sales to Exceed $4.33T in 2021 as Vaccine Rollout Expands

The National Retail Federation issued its annual forecast, anticipating that retail sales will grow between 6.5 percent and 8.2 percent to more than $4.33 trillion in 2021 as more individuals get vaccinated and the economy reopens.

“Despite the continuing health and economic challenges COVID-19 presents, we are very optimistic that healthy consumer fundamentals, pent-up demand and widespread distribution of the vaccine will generate increased economic growth, retail sales and consumer spending,” NRF President and CEO Matthew Shay said. “From the outset of the pandemic, retailers have gone above and beyond even the most conservative safety guidelines to protect...

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Feb 26 8:27 AM, General News


January Retail Sales Show Strong Increase Boosted by Stimulus Funds and Record Holidays

Retail sales grew sharply in January as government stimulus checks provided a boost and momentum from 2020’s record holiday season carried over into the new year, the National Retail Federation said.

“January’s retail sales numbers reflect a very strong start for consumers and retailers as we look ahead to a critical year curbing the global pandemic and strengthening our economic recovery,” NRF President and CEO Matthew Shay said. “Consumers and the economy as a whole remain in good shape despite unprecedented adversity over the past year, and congressional action has been a lifeline for...

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Feb 19 8:26 AM, General News


Foodservice and Retail Get Creative for an Unprecedented Valentine’s Day 

While the pandemic has caused disruptions to gatherings and going out, there remains a special significance around Valentine’s Day. Consumers are committed to celebrating the holiday, even if traditional celebrations must be altered. According to the National Retail Federation, about 52% of adults plan to celebrate Valentine’s Day this year, spending a total of $21.8 billon.

Nearly three-quarters of consumers celebrating the holiday this year feel it is important to do so given the current state of the pandemic. The virus is still a focus, with 74% indicating it will directly impact their plans for the holiday. About 24% of consumers plan to gift their loved one with an evening out, the lowest in...

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Feb 12 8:31 AM, Urner Barry


Retail Imports Expected to Hit Repeated Monthly Records After Record Year in 2020

Following a record year during 2020, imports at the nation’s largest retail container ports are expected to set new monthly records from now into the summer as the nation’s economy continues to recover from the pandemic, according to the monthly Global Port Tracker report released today by the National Retail Federation and Hackett Associates.

“The import numbers we’re seeing reflect retailers’ expectations for consumer demand to the point that many factories in Asia that normally close for Chinese New Year this month are remaining open to keep up,” NRF Vice President for Supply Chain and Customs Policy Jonathan Gold said...

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Feb 9 8:27 AM, General News


NRF Calls on Congress to Move Quickly with COVID-19 Relief

The National Retail Federation issued the following statement from President and CEO Matthew Shay as the House and Senate debate next steps for COVID-19 relief.

“Retailers have been at the forefront of calling on Congress and our elected leaders to move quickly, decisively and in a bipartisan manner to get economic relief to individuals, families and businesses to help relieve the financial stress they have been facing the past 10 months. Equally important are efforts to ensure that states and municipalities have...

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Feb 4 7:28 AM, General News


2020 Holiday Season: One for the Record Books at Retail

Record holiday season retail sales during the last two months of 2020 reflected the recovering economy but also got a boost from consumer emotions after a stressful year, National Retail Federation Chief Economist Jack Kleinhenz said today.

“This was not a typical holiday season and it took place amid an unprecedented shopping landscape,” Kleinhenz said. “When we assembled our 2020 holiday forecast, we knew one scenario was that results could come in high and that sales might exceed...

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Feb 3 8:29 AM, General News


NRF Announces Six New Additions to Board of Directors

The National Retail Federation announced the addition of six members to its Board of Directors. The new members were elected to the board at NRF’s annual winter board meeting, held virtually this year following NRF 2021: Retail’s Big Show – Chapter 1. Each will serve a two-year term until January 2023.

“We are very proud to be welcoming our newest members to the National Retail Federation Board of Directors,” said Mike George, President and CEO of Qurate Retail, Inc. and Chairman of the NRF Board of Directors. “They are entrepreneurs, job creators, innovators and...

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Feb 2 8:25 AM, General News


Valentine’s Day Spending to Total $21.8 Billion

Just over half (52 percent) of U.S. adults plan to celebrate Valentine’s Day this year, spending a total of $21.8 billion, according to the annual survey released by the National Retail Federation and Prosper Insights & Analytics.

“There is no question the pandemic has disrupted many aspects of Americans’ daily interactions and activities,” said NRF President and CEO Matthew Shay. “However, there remains a special significance around Valentine’s Day, and consumers are committed to...

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Jan 29 9:11 AM, General News


NRF Says 2020 Holiday Sales Grew 8.3 Percent Despite Pandemic

Retail sales during 2020’s November-December holiday season grew an unexpectedly high 8.3 percent over the same period in 2019 to $789.4 billion, exceeding the National Retail Federation’s holiday forecast despite the economic challenges of the coronavirus pandemic, NRF said. The numbers include online and other non-stores sales, which were up 23.9 percent at $209 billion.

“Despite unprecedented challenges, consumers and retailers demonstrated incredible resilience this holiday season,” NRF President and CEO Matthew Shay said. “Faced with rising transmission of the virus, state restrictions on retailers and...

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Jan 19 8:23 AM, General News


NRF Welcomes Necessary Aid as Biden Unveils Stimulus Plan

The National Retail Federation issued the following statement from President and CEO Matthew Shay in response to the release of President-elect Biden’s plan to combat the coronavirus and stimulate the nation’s economic recovery.

“The stimulus plan released by President-elect Biden is expansive in scope, but it serves as an encouraging signal that the new administration intends swift action to support businesses and...

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Jan 15 9:46 AM, General News


2020 Retail Imports May Break Record Despite Pandemic

Imports seen during 2020 appear to be headed toward a new record despite the coronavirus pandemic, and remain at high levels as 2021 begins, according to the monthly Global Port Tracker report released today by the National Retail Federation and Hackett Associates.

“Nobody would have thought last spring that 2020 would be a record year for imports, but it was clearly an unpredictable year,” NRF Vice President for Supply Chain and Customs Policy Jonathan Gold said. “Consumers and retailers once again proved their resilience in the face of unprecedented challenges. Thanks in part to government stimulus, retail sales saw...

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Jan 12 8:22 AM, General News


NRF Chief Economist says Latest Stimulus will Help Continue Recovery from Pandemic

Economic challenges brought on by the coronavirus pandemic will continue in 2021, but stimulus legislation signed into law just after Christmas will help maintain and accelerate the nation’s ongoing recovery, National Retail Federation Chief Economist Jack Kleinhenz said.

“As we closed out 2020, it was an end to a whirlwind year whose challenging economic environment will almost certainly continue in 2021,” Kleinhenz said. “The coming year might be just as eventful as the economic recovery faces many uncertainties...

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Jan 6 8:29 AM, General News


November Retail Sales give Holiday Season Solid Start

November retail sales dipped from the month before but still showed the sixth consecutive monthly year-over-year gain by government calculations and set the stage for a healthy holiday shopping season compared with last year despite the pandemic, the National Retail Federation said today.

“Consumers held back on spending in November as virus rates spiked, states imposed retail restrictions and congressional stimulus discussions were gridlocked,” NRF President and CEO Matthew Shay said. “While consumers have been bolstered by increases in disposable income and savings, it’s clear that additional...

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Dec 18 7:01 AM, General News


Retail Imports Still Strong after Setting New Records for The Holiday Season

Imports remain strong after setting new records this fall as retailers stocked up both stores and warehouses for the holiday season and met new demands for quick delivery of online orders, according to the monthly Global Port Tracker report released today by the National Retail Federation and Hackett Associates.

“The pandemic has made the past year one of the most trying the supply chain has ever seen, but retailers have met that challenge,” NRF Vice President for Supply Chain and Customs Policy Jonathan Gold said. “We’ve gone from not knowing whether we would be able to...

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Dec 11 2:47 PM, General News







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