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| Port Tracker, Winter Holidays, Supply Chain, Trade, Economy
Imports likely saw their busiest “peak season” on record this summer and fall as retailers replenished inventories and stocked up for the holiday season, according to the monthly Global Port Tracker report from NRF and Hackett Associates.
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National Retail Federation President and CEO Matthew Shay congratulates President-elect Joe Biden and Vice President-elect Kamala Harris and pledges to work with the administration and new Congress to mitigate the COVID-19 pandemic and propel the country’s economic recovery.
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NRF welcomed a lawsuit filed by the Department of Justice seeking to stop Visa’s acquisition of Plaid Inc., agreeing with federal officials that the takeover would threaten competition in the payments market.
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National Retail Federation President and CEO Matthew Shay issued the following statement regarding the pending results of the 2020 presidential election:
| Economic Review, Winter Holidays, Retail Sales, Economy
Retail sales have largely recovered from the pandemic heading into the holiday season but the growing number of coronavirus cases remains a threat and additional federal stimulus could help keep the economy on track, according to NRF Chief Economist Jack Kleinhenz.
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Joint statement from National Retail Federation, American Property Casualty Insurance Association, Business Roundtable, ITI, the National Association of Manufacturers, the National Association of Wholesaler-Distributors, the Retail Industry Leaders Association and the U.S. Chamber of Commerce.
| Consumer Trends, Holidays & Seasonal, Winter Holidays
As the coronavirus pandemic extends into the winter holiday season, consumers are looking to purchase gifts that bring joy to counter its effects. In total consumers plan to spend $997.79 on gifts, holiday items such as decorations and food, and additional "non-gift" purchases for themselves and their families, according to the annual survey released today by the National Retail Federation and Prosper Insights & Analytics.
| Data Security
How to legally transfer customer and employee data across the Atlantic now that the EU-U.S. Privacy Shield has been invalidated by the European Union’s highest court was a key issue of discussion as EuroCommerce and the National Retail Federation held their latest Retailer Exchange Meeting.
| Retail Sales, Economy
A strong rebound in apparel led a continuing V-shaped recovery from the pandemic as retail sales accelerated their rate of growth in September and marked the fourth straight month of year-over-year gains, NRF said.
| Workforce, Economy, Talent Development, Safety & Security, Career Development
The NRF Foundation today launched two new credentials in its RISE Up program in response to the coronavirus pandemic. The credentials focus on Retail Operations and Customer Conflict Prevention to further ensure retail workers — and the millions of customers they serve — can work and shop more safely and help keep the economy open.