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| 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.
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The National Retail Federation today announced that former Macy’s Inc. Chief Marketing Officer Martine Reardon is joining the NRF executive management team as chief marketing officer and executive vice president of content and membership.
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​​​​​​​The National Retail Federation today issued the following statement from NRF Senior Vice President of Government Relations David French after it has been reported that a majority of workers at Amazon’s Bessemer, Alabama-based warehouse voted no to union representation.
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The National Retail Federation today issued the following statement from President and CEO Matthew Shay in response to the passing of BJ's Wholesale Club President and CEO Lee Delaney.
| Port Tracker, Supply Chain, Trade, Economy, Retail Sales
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 from NRF and Hackett Associates.
| Economic Review, Economy, Retail Sales
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, NRF Chief Economist Jack Kleinhenz says.