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NRF has chosen House Education and Workforce Committee Chairwoman Virginia Foxx as Legislator of the Year, and named more than 250 other members of Congress “Heroes of Main Street.” for their support of the retail industry. The awards were presented during NRF's Retail Advocates Summit congressional fly-in.
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More than two dozen of the best and brightest leaders from retail, technology and business will be among the headline speakers as over 37,000 retailers from nearly 100 countries gather in New York next January to address the latest trends, innovations and strategries for transformation at the National Retail Federation’s 108th annual convention.
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The National Retail Federation today issued the following statement from President and CEO Matthew Shay after the United States and Mexico announced a preliminary deal on the North American Free Trade Agreement.
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The National Retail Federation urged USTRto reject tariffs on $200 billion of Chinese goods and released a new study that found tariffs on furniture and travel goods from China would cost American consumers nearly $6 billion a year.
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The National Retail Federation joined nearly 300 organizations ranging from restaurants and grocers to building contractors and firefighters today in urging Treasury Secretary Steven Mnuchin to follow congressional intent and issue guidance resolving errors in the 2017 tax reform law related to depreciation rules and “carryback” of operating losses.
| Back to School, Consumer Trends
As students prepared to head back to class this month, consumers had completed just over half their shopping for school and college supplies, according to the annual survey released today by the National Retail Federation and Prosper Insights & Analytics.
| Economy
Two errors in the federal tax reform law are costing the retail industry millions of dollars and delaying investments.
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Serena Williams to close out Sho.org 2018. Other notable speakers include Accenture, Adobe, Deloitte Consulting, Dylan’s Candy Bar, eBay, Etsy, Flywheel, GIPHY, Glossy, JGA, Macy’s, NYDJ, Sephora, Shoes of NYC, Sur La Table, TechStyle Fashion Group, Uber, Wayfair, and Zappos.
| Economy, Annual Forecast, Forecasts
NRF now expects 2018 retail sales to increase by 4.5 percent over 2017 rather than the 3.8 to 4.4 percent forecast earlier this year. The numbers exclude automobiles, gasoline stations and restaurants.
| Trade, Port Tracker, Economy, Supply Chain
With retail sales rising and retailers rushing to bring merchandise into the country ahead of proposed new tariffs on products from China, imports at the nation's major retail container ports have set two new records this summer and are expected to set another this month, according to NRF's Global Port Tracker report.