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NRF urged the Senate to approve legislation that would create a new tax credit intended to ease the cost of steps taken to make stores and other workplaces safe during the coronavirus pandemic.
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NRF welcomed legislation introduced that would give businesses a tax credit intended to help defer the cost of employee testing, personal protective equipment, cleaning and other steps needed to make workplaces safe during the coronavirus pandemic.
| Retail Sales, Economy
Retail sales rose in June, seeing both a monthly increase and their first year-over-year gain since February as more retailers and other businesses closed by the coronavirus pandemic reopened, but continued COVID-19 outbreaks remain a threat, according to NRF.
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It is critically important that we have a national mask standard implemented locally. Retailers are protecting the health and safety of communities they serve. Our elected leaders need to set politics aside and follow their example.
| Back to School, Economy, Forecasts, Retail Sales
Consumers tentatively plan to spend a record amount to prepare students for school and college this year as they buy more laptops and computer accessories in anticipation that at least some classes will take place online because of the coronavirus pandemic, according to the annual survey from NRF and Prosper Insights & Analytics.
| Loss Prevention, Organized Crime
Theft, fraud and losses from other retail “shrink” totaled $61.7 billion in 2019, up from $50.6 billion the year before as industry security executives reported increases in the number of shoplifting, organized retail crime and employee theft incidents, according to NRF's annual National Retail Security Survey.
| Economy, Winter Holidays
NRF welcomed a report calling for a federal backstop for trade credit insurance, saying the proposal could help provide liquidity badly needed by retailers as they recover from the recession brought on by the coronavirus pandemic.
| Connected Commerce
The annual event will take place in-person at the Javits Convention Center in New York City June 6-8, 2021. In addition, NRF is hosting a virtual event January 12-14, 19 and 21-22, 2021. Both events will feature the theme “Forward Together.”
| Port Tracker, Economy, Supply Chain, Trade
Imports at major U.S. retail container ports are expected to remain significantly below last year’s levels into this fall as the impact of the COVID-19 pandemic continues, according to the monthly Global Port Tracker report from NRF and Hackett Associates.
| Economic Review, Economy
The economic downturn brought on by the coronavirus pandemic has officially been declared a recession, but NRF Chief Economist Jack Kleinhenz says the key question is how long it will last.