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| Trade, Supply Chain
The National Retail Federation today issued the following statement from Senior Vice President of Government Relations David French in response to a House committee hearing on transportation infrastructure. U.S. Secretary of Transportation Pete Buttigieg provided testimony on behalf of the Biden Administration.
| Consumer Trends, Holidays & Seasonal, Easter, Economy, Retail Sales, Forecasts
Consumers plan to spend an average of $179.70 this Easter, the highest figure on record, according to results of the annual survey released today by the National Retail Federation and Prosper Insights & Analytics. A total of 79 percent of Americans will celebrate the holiday and spend a collective $21.6 billion, down slightly from last year's pre-pandemic forecast of $21.7 billion.
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The American Apparel & Footwear Association, Footwear Distributors and Retailers of America, National Retail Federation, Retail Industry Leaders Association, and The United States Fashion Industry Association applaud today’s announcement of a global approach to end the campaign of oppression against Uyghurs and other ethnic Muslim minorities in the Xinjiang Uyghur Autonomous Region (Xinjiang).
| Workforce
The National Retail Federation today issued the following statement from President and CEO Matthew Shay in response to the House passage of the American Dream and Promise Act of 2021.
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NRF welcomed Visa and Mastercard's delay of an estimated $1.2 billion increase in credit card swipe fees but said the delay should be made permanent.
| Retail Sales, Economy
Retail sales gained considerable year-over-year traction in February – despite a monthly slowdown from unusually high numbers in January – as increased COVID-19 vaccination, government stimulus and reduced restrictions on businesses continued to impact the pace of spending, according to NRF.
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The National Retail Federation today expressed concern about a possible Occupational Safety and Health Administration (OSHA) emergency temporary standard regarding COVID-19. NRF urged OSHA to continue to issue industry-specific guidance concerning COVID-19.
| Data Security
NRF welcomed a new privacy bill introduced in the House by Representative Suzan DelBene, saying it offers a balanced approach missing in earlier measures considered in Congress.
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NRF says legislation passed by the House expanding the power of labor unions would infringe on the rights of both businesses and workers and is calling on the Senate to vote against the measure.
| Port Tracker, Supply Chain, Trade, Retail Sales, Economy
Imports at the nation’s largest retail container ports are expected to grow dramatically during the first half of 2021 as increased vaccination and continued in-store safety measures enable additional shopping options, according to the monthly Global Port Tracker report from NRF and Hackett Associates.