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| Port Tracker
The impact of COVID-19 at major U.S. retail container ports appears to be easing slightly, with projected imports remaining below last year’s levels but not as much as previously forecast, according to the Global Port Tracker report from NRF and Hackett Associates.
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Hal Lawton, president and CEO of Tractor Supply Company, and Anish Melwani, chairman and CEO of LVMH Moët Hennessy Louis Vuitton Inc. joined the NRF Board of Directors.
| Economy, Economic Review
While the reopening of businesses shut down by the coronavirus pandemic is a significant step forward, NRF Chief Economist Jack Kleinhenz says it is too soon to say how quickly or smoothly the nation’s economy will recover.
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President and CEO Matthew Shay comments on incidents involving retail stores across the country following the death of George Floyd in Minneapolis.
| Economy
NRF welcomed House action on legislation that would give employers more time and flexibility to use Paycheck Protection Program money aimed at helping small businesses survive the coronavirus pandemic.
| Economy
NRF welcomed the introduction of the Pandemic Risk Insurance Act, which would establish a federal program to help businesses obtain insurance coverage for pandemics modeled on a system for terrorism insurance established following 9/11.
| Economy
NRF welcomed legislation agreed to by key members of the Senate that would give businesses more time to use Paycheck Protection Program money and spend it on safety equipment and improvements in addition to employee wages.
| Economy, Retail Sales
Retail sales numbers are not a surprise given the current state of affairs, says NRF President and CEO Matthew Shay.
| Economy, Retail Sales
Retail sales dropped almost twice as much during April as they did in March as the nation’s economy saw its first full month when most businesses were closed because of the coronavirus pandemic.
| Supply Chain
Retailers ask appeals court to overturn California worker classification law affecting truck drivers
NRF asked a federal appeals court to overturn a recent California worker classification law, saying the measure makes it harder to contract with independent truck drivers by narrowing circumstances under which an individual can work as a contractor rather than an employee.