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| Economy
The National Council of Chain Restaurants today released a statement from Executive Director Rob Green, following Secretary of Labor Alex Acosta’s withdrawal of the U.S. Department of Labor’s 2015 and 2016 informal guidance on joint employment.
| Consumer Trends, Father's Day, Holidays & Seasonal
With 77 percent of consumers surveyed celebrating, total spending is expected to reach $15.5 billion. That’s the highest number in the survey’s 15-year history, topping last year’s previous record of $14.3 billion.
| Workforce, Economy
Retail industry employment decreased by 8,500 jobs in May from April, the National Retail Federation said today, while average hourly earnings were up 2.5 percent on a year-over-year basis, in line with growth in recent months.
| Economy
NRF welcomed reports that House Republicans plan to abandon an attempt to repeal debit card swipe fee reform that has saved retailers and their customers $40 billion.
| Economy
The National Retail Federation today issued the following statement from Vice President for health care policy Neil Trautwein, following the Congressional Budget Office’s release of its latest score for the American Health Care Act.
| Economy
The National Retail Federation today is bringing 20 retail executives from businesses large and small to Washington to meet with key administration officials and congressional leaders to try to keep a proposed $1 trillion border adjustment tax out of comprehensive tax reform currently under consideration. While NRF strongly supports tax reform, retailers believe the BAT is bad tax policy that would increase costs on everyday necessities like food, gas, clothing and prescription medicines for the average family by as much as $1,700 in the first year alone.
| Economy
Retailers would “have no choice” but to pass the higher costs on to consumers if Congress passes a proposed $1 trillion border adjustment tax as part of tax reform, the National Retail Federation said today.
| Economy
The National Retail Federation today urged Congress to focus on updating the existing federal income tax system through comprehensive reform rather than moving toward a consumption tax.
| Consumer Trends, Holidays & Seasonal
With more consumers buying for graduates this year – 36 percent compared with 34 percent in 2016 – total spending is expected to reach $5.6 billion. That’s the highest number in the survey’s 11-year history, topping last year’s previous record of $5.4 billion.
| Economy
NRF has launched a radio ad campaign calling on the House to reject efforts to repeal debit card swipe fee reform that has saved retailers and their customers more than $40 billion.