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Commerce Dept: October Retail Sales Make Solid Gain

In Industry News, What's New by Jeff PrineLeave a Comment

Washington—While the 16-day government shutdown and Congressional budget battle may have dampened consumer confidence last month, retail sales for the month proved resilient, rising above estimates. According to the U.S. Commerce Department’s monthly report today, October sales were up 3.9% to $429.1 billion. Core retail sales (excluding autos and building …

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NRF: Apparel, Accessories Top Holiday Shopping Lists

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Washington–There may have been blaring headlines about the government budgets, potential defaults and gridlock, but consumers still turned out to take advantage of early holiday promotions in October. According to National Retail Federation (NRF)’s holiday consumer spending survey conducted by Prosper Insights & Analytics, 53.8% of shoppers already have started …

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Week in Review: 10 Must-Remember Online Articles

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New York—“The epicenter of stupidity”…that’s how outspoken L Brands chairman Leslie Wexner referred to Washington, specifically Capitol Hill, this week during the nerve-wracking hours leading up to a temporary debt ceiling solution. Like many retailers and business leaders, Wexner is concerned about how the political gridlock and its subsequent effects …

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Retail, Business Leaders Decry Congress’ Actions in U.S. Budget Gridlock

In Industry News, Reports, What's New by Jeff PrineLeave a Comment

Washington—President Obama today took Congress to task over its 11th hour resolution of the government shutdown and lifting the debt ceiling, issues that could have spun the United States into default and wrecked havoc with the international economy. “Probably nothing has done more damage to America’s credibility in the world, …

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NRF Survey: Congressional Gridlock to Stymie Holiday Shoppers?

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Washington–It appears that the proposed bipartisan settlement the U.S. Congress is considering today to avoid default will be welcome relief to the nation’s retailers—not to mention U.S. citizens, stock markets, and other nations of the world. In its annual holiday consumer spending survey conducted by Prosper Insights & Analytics, the …

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Economic Worries Spook Consumer Spending for Halloween?

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Washington—With major retailers slated to begin their holiday sales campaigns before Halloween this year, those plans could be encroaching on another American favorite holiday: Halloween. According to National Retail Federation (NRF)’s Halloween Spending Survey conducted by Prosper Insights & Analytics, nearly 158 million consumers will participate in Halloween activities, slightly …

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Commerce Dept: July Retail Increases The Largest Since December 2012

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Washington—Retail sales edged up in July helped by increases in clothing and general merchandise stores, the U.S. Department of Commerce reported today. The rise was the biggest since December 2012. Sales in the so-called “core” retail sales—excluding automobiles, gas and building supplies—rose 0.5%, exceeding economists’ estimate for a 0.3% rise. …

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Retailers Support Small Business Week, June 17 to 21

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Washington–As part of the Small Business Administration’s National Small Business Week, today through Friday, June 21, The National Retail Federation (NRF) will be supporting retail entrepreneurship through a series of digital, social and research initiatives. Using the recently launched thisisretail.org as the backdrop, NRF will highlight retail stories and interviews …