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NRF: RETAILERS READY TO WORK WITH PRESIDENT TRUMP

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Following President-elect Donald Trump’s stunning victory last night, National Retail Federation President and CEO Matthew Shay congratulated the winners of today’s federal elections and issued several statements addressing industry concerns over the new administration and its policies. In a pledge to work with Trump and the new Congress on a pro-growth, …

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INDUSTRY EXPERTS ARE PREDICTING A MERRY AND BRIGHT HOLIDAY SHOPPING SEASON

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According to several forecasting firms and economists, this holiday shopping season should be merry and bright for retailers. The National Retail Federation (NRF) predicts that retail sales for the season will reach $655.8 billion, a rise of 3.6% since last year and well above the 10-year average of 2.5%. Two other consulting firms …

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Small Retailers Increasingly Concerned with Government (Over)Regulation

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The expanding scope and cost of government regulation are placing new burdens on America’s small businesses, hindering their ability to create jobs and drive economic growth, according to a new survey released today by the National Retail Federation, which worked with market research firm GfK. “Overregulation is undermining the resolve …

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NRF Supply Chain Expert Named to Commerce Department Advisory Committee

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National Retail Federation Vice President for Supply Chain and Customs Policy Jonathan Gold has been appointed to the Department of Commerce’s Advisory Committee on Supply Chain Competitiveness, NRF announced today. Established in 2011, the committee consists of 45 senior-level private sector supply chain experts and industry representatives who advise Commerce, …

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Valentine’s Spending Expected to Hit Record High

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Washington–Valentines of the USA: prepare to be spoiled. According to the National Retail Federation’s Valentine’s Day Consumer Spending Survey conducted by Prosper Insights and Analytics, 54.8% of consumers will celebrate Valentine’s Day, spending an average of  $146.84 on flowers, jewelry, candy, apparel and more, up from $142.31 last year. Total …