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The National Retail Federation today issued a statement from Vice President of Workforce Development Edwin Egee in response to the House passage of the Pregnant Workers Fairness Act.
| Retail Sales, Economy
Retail sales were virtually unchanged from their strong performance a month before and grew dramatically year-over-year in April as the rapidly recovering U.S. economy marked a full year since the coronavirus pandemic shut down most stores during the spring of 2020.
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NRF welcomed an announcement by the Federal Reserve that it plans to clarify that banks must allow retailers to decide where to route online debit card transactions for processing the same as they do with in-store debit transactions.
| Port Tracker, Supply Chain, Economy, Forecasts
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 from NRF and Hackett Associates.
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NRF says Consumer Data Privacy and Security Act "would protect consumer privacy no matter where an individual lives."
| Economic Review, Economy, Retail Sales
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, according to NRF Chief Economist Jack Kleinhenz.
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Retailers have filed a lawsuit seeking to have the Federal Reserve lower its 10-year-old cap on “swipe” fees banks charge to process debit card transactions, saying the agency wrongly applied federal law and that merchants have paid billions of dollars more than intended by Congress while banks’ costs have fallen.
| Mother's Day, Holidays & Seasonal
Mother’s Day spending is expected to total a record $28.1 billion this year, up $1.4 billion from 2020, according to the annual survey released today by the National Retail Federation. Approximately 83 percent of U.S. adults are expected to celebrate the annual holiday.
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The National Retail Federation today issued the following statement from President and CEO Matthew Shay in response to the guilty verdict of former Minneapolis police officer Derek Chauvin for the killing of George Floyd.
| Retail Sales, Economy
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, according to NRF.