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| Retail Sales, Annual Forecast, Economy, Supply Chain
Retail sales slowed during July as retailers continued to face supply chain disruptions and increased COVID-19 vaccinations allowed consumers to shift some spending from goods to activities like going out to dinner and traveling despite the delta variant.
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NRF called on the Federal Reserve to adopt proposed regulations clarifying that retailers can decide where to route billions of dollars in online debit card transactions for processing each year, but urged the Fed to adopt additional provisions to keep Visa and Mastercard from circumventing the new rules.
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Trade groups submitted an amicus brief in support of businesses and their workers that have been negatively impacted by a series of escalating tariffs covering virtually all Chinese imports to the United States imposed by the United States Trade Representative (USTR).
| Port Tracker, Supply Chain, Trade, Winter Holidays
Imports at the nation’s largest retail container ports should hit yet another record in August as consumer demand continues to stretch supply chains and retailers shift from the back-to-school season to the peak shipping season for winter holiday merchandise, according to the monthly Global Port Tracker report from NRF and Hackett Associates.
| Economic Review, Retail Sales, Annual Forecast
The economy is growing quickly but its future still depends on slowing the coronavirus pandemic as consumers worry about new variants of the virus, according to NRF Chief Economist Jack Kleinhenz.
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The National Retail Federation today issued the following statement from President and CEO Matthew Shay after the Senate voted to invoke cloture on the Bipartisan Infrastructure Deal (BID).
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The National Retail Federation today issued the following statement in response to the Centers for Disease Control and Prevention’s recommendation that fully vaccinated people wear masks again indoors in COVID-19 hot spots.
| Back to School
Consumers plan to spend record amounts for both school and college supplies as families and students plan to return to in-person classrooms this fall, according to the annual survey released today by the National Retail Federation and Prosper Insights & Analytics.
| Retail Sales, Economy
Retail sales saw solid growth during June, increasing in most categories on a monthly basis and across the board on a yearly basis as the recovery from the coronavirus pandemic continued, according to NRF.
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Today, the National Retail Federation joins the U.S. Chamber of Commerce, Business Roundtable, the National Association of Manufacturers, AFL-CIO, the Bipartisan Policy Center, North America’s Building Trades Unions, as well as over 20 business and labor organizations to launch the Coalition for Bipartisan Infrastructure Investment.