The National Retail Federation today issued the following statements from NRF President and CEO Matthew Shay and Chief Economist Jack Kleinhenz on the January jobs report: “While it is always positive to see an increase in private sector hiring and a decrease in unemployment, it is alarming that employment can’t shift into a higher gear,”… Keep reading →
Retail
The National Retail Federation released its 2014 economic forecast today, projecting retail industry sales (which exclude automobiles, gas stations, and restaurants) will increase 4.1 percent*, up from the preliminary 3.7 percent growth seen in 2013. NRF also announced today it expects online sales in 2014 to grow between 9 and 12 percent. “Measured improvements in… Keep reading →
Severe winter weather did not dampen December retail sales as shoppers took advantage of heavy promotions and last-minute deals. According to the National Retail Federation – the world’s largest retail trade association – December retail sales, which excludes automobiles, gas stations and restaurants, increased 0.4 percent seasonally adjusted month-to-month, and 4.6 percent unadjusted year-over-year. Total… Keep reading →
The National Retail Federation today issued the following statements from NRF President and CEO Matthew Shay and Chief Economist Jack Kleinhenz on the December jobs report: “The nation’s retailers continued to add to their payrolls in December even in the midst of the condensed holiday shopping season,” Shay said. “Retailers and merchants, especially those operating… Keep reading →
Retailers Disappointed by Approval of ‘Deeply Flawed’ Credit Card Swipe Fee Settlement
By businesswireThe National Retail Federation issued the following statement from Senior Vice President and General Counsel Mallory Duncan in response to U.S. District Court Judge John Gleeson’s approval of a controversial antitrust lawsuit over credit card swipe fees. “We are very disappointed that this deeply flawed settlement has been approved. It is not supported by the… Keep reading →
The National Retail Federation today issued the following statement from Senior Vice President for Government Relations David French on the introduction of a new patent reform bill by House Judiciary Chairman Bob Goodlatte, R-Va.: “Patent trolls intentionally abuse the patent and legal systems to extort payments from companies large and small. Trolls purchase arcane patents… Keep reading →
National Retail Federation on Shutdown Deal: ‘Legislating from Crisis to Crisis is No Way to Govern’
By businesswireThe National Retail Federation today released the following statement from NRF President and CEO Matthew Shay on the expected decision to reopen the government and delay the debate on the debt ceiling: “While there is some satisfaction at achieving a deal, today’s agreement between the House and Senate merely ensures more opportunities to continue the… Keep reading →
Study Says Retailers Have Shared Debit Swipe Fee Savings But Consumers Could Save More if Fed Set Cap Lower
By businesswireThe National Retail Federation welcomed a new study released today that shows retailers have passed along the majority of the savings from debit card swipe fee reform to their customers, and that the resulting increase in consumer spending has boosted job creation across the country. But the study also shows that benefits for consumers and… Keep reading →