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| Economy
NRF welcomed House action on legislation to increase funding for loans to small businesses during the coronavirus pandemic.
| Economy, Small Business
NRF welcomed a nearly $500 billion package set for a vote in the Senate that would increase funding for loans to small businesses and provide other economic aid during the coronavirus pandemic.
| Economy
NRF called on Congress to pass legislation establishing a federal program that would help businesses obtain insurance coverage for pandemics modeled on a program for terrorism insurance established following 9/11.
| Trade, Supply Chain
The National Retail Federation today issued the following statement from President and CEO Matthew Shay on the Trump Administration’s announcement to delay the collection of import duties amid COVID-19 pandemic.
| Economy
The National Retail Federation issued the following statement from President and CEO Matthew Shay in response to his participation with other retail industry and business leaders on today’s White House call for the initiation of the Great American Economic Revival Industry Groups.
| Economy, Retail Sales
Retail sales saw their biggest monthly drop on record during March as the coronavirus pandemic forced restaurants, bars and many stores to temporarily close and stay-at-home orders also impacted gasoline sales, according to NRF. But sales soared at grocery stores and were up at other retailers deemed “essential," offsetting some of the decline.
| Careers & Leadership
Retail Industry Fundamentals is self-paced and can be completed online in approximately five to seven hours. It is available at no charge through June 12.
| Economy
NRF welcomed announcements from the Federal Reserve and Treasury Department on efforts to help businesses with liquidity issues during the coronavirus pandemic but asked for additional aid.
| Port Tracker, Supply Chain, Trade
Imports at major U.S. retail container ports dropped to their lowest level in five years in March, and are projected to remain significantly below normal through early summer as the coronavirus pandemic continues, according to the Global Port Tracker report from NRF and Hackett Associates.
| Economic Review, Economy
In the April issue of the NRF's Monthly Economic Review, Chief Economist Jack Kleinhenz says the coronavirus pandemic “has triggered shocks” – but that the underlying economy is sound.