Tag Archives: Matthew Shay

NRF: Retail Sales to Accelerate in Second Half

NRF

WASHINGTON-U.S. retail sales will grow significantly in the second half of 2014 after a slow start to the year, according to a forecast from the National Retail Federation. After increasing by 2.9 percent in the first half, sales will grow by at least 3.9 percent in the second half, NRF said. Overall, 2014 retail salesMore »

Economy Could Lose Billions in West Coast Port Shutdown, Study Says

Container Port

WASHINGTON-The U.S. economy could lose as much as $2.5 billion a day if a prolonged shutdown of West Coast container ports takes place, according to a study conducted jointly for the National Retail Federation and the National Association of Manufacturers by economists at the Interindustry Forecasting Project at the University of Maryland. Negotiations for aMore »

NRF Addresses Cybersecurity Threats

NRF

WASHINGTON-To meet the challenges posed by cybersecurity threats, the National Retail Federation has introduced a program that will provide retailers access to information on these issues as identified by retailers, government and law-enforcement agencies, and the financial-services sector. Developed in consultation with the Financial Services Information Sharing and Analysis Center (FS-ISAC), the program will launchMore »

Weather Warms Retail Sales

Census Bureau

WASHINGTON-The onset of spring weather helped U.S. retailers to increased sales in March. According to the U.S. Census Bureau’s monthly retail sales report, retail sales last month totaled $433.9 billion, up 1.1 percent over February and 3.8 percent ahead of March 2013. In its assessment of the Census Bureau’s numbers, the National Retail Federation attributedMore »

NRF: Easter Spending to Fall

NRF

WASHINGTON-The average American consumer will spend $137.46 on Easter-related purchases this year, 5.3 percent less than last year, according to the National Retail Federation’s Easter Spending Survey. Conducted for NRF by Prosper Insights & Analytics, the survey estimated that total Easter spending will reach $15.9 billion. Fewer Americans (80.3 percent versus 83 percent last year)More »

NRF: U.S. Retail Sales Will Rise 4.1 Percent in 2014

NRF

WASHINGTON-U.S. retail sales—excluding automobiles, gas stations and restaurants—will grow 4.1 percent in 2014, according to a forecast by the National Retail Federation. NRF said that it also expects online retail sales to increase by between 9 and 12 percent this year. “Measured improvements in economic growth combined with positive expectations for continued consumer spending willMore »

Simon, Ullman Named to NRF Board

Bill Simon

NEW YORK-Bill Simon, president and CEO of Walmart U.S., and J.C. Penney CEO Myron Ullman III have been elected to the board of directors of the National Retail Federation. Along with Simon and Ullman, NRF elected to its board Steve Knopik, CEO of Beall’s; Lori Mitchell-Keller, senior vice president and head of the global retailMore »

NRF Expects Holiday Online Sales to Rise

Thanksgiving Shopping

WASHINGTON–They ate, they shopped and they will shop some more. According to a National Retail Federation survey conducted by Prosper Insights & Analytics over the weekend, traffic on Thanksgiving Day grew 27 percent as nearly 45 million shoppers, or 31.8 percent of holiday shoppers, took advantage of special Thanksgiving savings offers, up from 35 millionMore »