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| Retail Sales, Economy, Winter Holidays
Retail sales grew for the sixth month in a row in October, with sales significantly better than the same time a year ago as the economy continued to recover and consumers began their holiday shopping early.
| Consumer Trends, Holidays & Seasonal, Winter Holidays
Over 40 percent of holiday shoppers say they started earlier than they normally do, according to the annual survey released today by the National Retail Federation and Prosper Insights & Analytics.
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NRF has hired veteran labor policy expert Edwin Egee as vice president for government relations and workforce development.
| Economy, Small Business
Today the National Retail Federation filed a request under the California Public Records Act to release information related to restrictions placed on shopping malls and other retailers in order to bring transparency to California’s decision-making process in their response to the COVID-19 pandemic.
| Port Tracker, Winter Holidays, Supply Chain, Trade, Economy
Imports likely saw their busiest “peak season” on record this summer and fall as retailers replenished inventories and stocked up for the holiday season, according to the monthly Global Port Tracker report from NRF and Hackett Associates.
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National Retail Federation President and CEO Matthew Shay congratulates President-elect Joe Biden and Vice President-elect Kamala Harris and pledges to work with the administration and new Congress to mitigate the COVID-19 pandemic and propel the country’s economic recovery.
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NRF welcomed a lawsuit filed by the Department of Justice seeking to stop Visa’s acquisition of Plaid Inc., agreeing with federal officials that the takeover would threaten competition in the payments market.
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National Retail Federation President and CEO Matthew Shay issued the following statement regarding the pending results of the 2020 presidential election:
| Economic Review, Winter Holidays, Retail Sales, Economy
Retail sales have largely recovered from the pandemic heading into the holiday season but the growing number of coronavirus cases remains a threat and additional federal stimulus could help keep the economy on track, according to NRF Chief Economist Jack Kleinhenz.
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Joint statement from National Retail Federation, American Property Casualty Insurance Association, Business Roundtable, ITI, the National Association of Manufacturers, the National Association of Wholesaler-Distributors, the Retail Industry Leaders Association and the U.S. Chamber of Commerce.