The National Retail Federation today lowered its retail sales forecast for 2015 because of unexpected slow growth recorded during the first half of the year, similar to industry’s experience in 2014. However, NRF expects sales will steadily increase through the remainder of the year. NRF forecasted in February that retail sales would grow 4.1 percent in 2015 over 2014, but today’s revision lowers the forecast to 3.5 percent.
NRF tells Congress that the Labor Department's proposal to expand overtime would limit career opportunities, and releases updated research showing the plan could cost retailers hundreds of millions of dollars in administrative costs even if most workers see no increase in take-home pay.
According to the State of Retailing Online 2015, conducted by Shop.org, Forrester Research Inc. (Nasdaq: FORR) and Bizrate Insights, 25 percent of retailers surveyed cite Facebook as a top acquisition platform
The National Retail Federation today asked the Labor Department to give businesses more time to respond to the administration’s proposal to expand overtime. The National Retail Federation today asked the Labor Department to give businesses more time to respond to the administration’s proposal to expand overtime.
Five finalists will be recognized and the top recipient announced in front of thousands of their peers, retail executives and industry leaders at the Shop.org Digital Summit in Philadelphia in October.