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| Connected Commerce
An estimated 25,000 industry professionals are expected to attend Retail’s Big Show, which is NRF’s 110th annual convention and will be held January 12–14, 19 and 21–22, 2021.
| Economic Review, Economy, Retail Sales
Economic challenges brought on by the coronavirus pandemic will continue in 2021, but stimulus legislation signed into law just after Christmas will help maintain and accelerate the nation’s ongoing recovery, NRF Economist Jack Kleinhenz says.
| Economy, Trade
The National Retail Federation urged the Office of the U.S. Trade Representative (USTR) to avoid placing tariffs on imports of Vietnamese goods and rely on other remedies and authorities to address trade complaints. USTR recently launched two separate 301 investigations regarding Vietnam’s currency practices and trade in illegal timber. NRF Senior Vice President of Government Relations David French provided testimony at both the illegal timber and currency practices hearings this week.
| Economy, Small Business
The National Retail Federation issued the following statement from President and CEO Matthew Shay in response to Congressional passage today of the Emergency Coronavirus Relief Act of 2020.
| Consumer Trends, Holidays & Seasonal, Winter Holidays
More than 150 million U.S. consumers plan to shop on Super Saturday this year, up slightly from 147.8 million in 2019, according to the annual survey released today by the National Retail Federation and Prosper Insights & Analytics.
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The health of employees and customers during the coronavirus pandemic is retailers’ top priority.
| Economy, Workforce
The National Retail Federation issued the following statement from President and CEO Matthew Shay advocating for the retail workforce to be included among the early recipient groups for the COVID-19 vaccine.
| Retail Sales, Winter Holidays
November retail sales dipped from the month before but still showed the sixth consecutive monthly year-over-year gain by government calculations and set the stage for a healthy holiday shopping season compared with last year despite the pandemic, NRF said.
| Loss Prevention, Organized Crime
Organized retail crime is continuing to grow, with the number of dollars lost topping a key threshold for the fifth year in a row and three-quarters of retail companies that have been victims saying activity is up, according to the 16th annual ORC study from NRF.
| Port Tracker, Winter Holidays, Supply Chain, Trade, Economy
Imports remain strong after setting new records this fall as retailers stocked up both stores and warehouses for the holiday season and met new demands for quick delivery of online orders, according to the monthly Global Port Tracker report from NRF and Hackett Associates.