News

Chief Economist Says NRF Revised Forecast Because ‘Great Uncertainty’ Has Transformed into Clear Recovery

July 13, 2021

As retailers head into the second half of 2021, the “great uncertainty” that clouded the nation’s economic outlook earlier in the year has transformed into evidence of an unprecedented recovery from the COVID-19 pandemic, National Retail Federation Chief Economist Jack Kleinhenz said. | More Information

Toy Association Celebrates 105 Years of Service to Global Toy Industry

June 23, 2021

The Toy Association, the not-for-profit trade association representing all businesses involved in creating and delivering toys and entrainment products for kids of all ages across North America and around the world celebrated their 105th anniversary on June 9, 2021. “Since 1916, The Toy Association has worked closely with government, consumers, and its members to ensure safe and fun play and to raise awareness of the important developmental benefits of toys and play. From identifying a code of ethics in manufacturing and advertising, to leading the charge on toy safety, for the past 105 years The Toy Association has been committed to the prosperity of the industry as it evolves in changing times.” |  More Information

May Retail Sales Reach Near-Record Level despite Monthly Decline

June 22, 2021

Retail sales remained at elevated levels in May despite month-to-month fluctuations that mask near-record performance said the National Retail Federation. The U.S. Census Bureau today said overall retail sales in May were down 1.3 percent seasonally adjusted from April but up 28.1 percent year-over-year. That compares with increases of 0.9 percent month-over-month and 53.4 percent year-over-year in April. The year-over-year increases for both April and May were unusually high because most stores were closed by the pandemic during those months last year. Despite occasional month-over-month declines, sales have grown year-over-year every month since June 2020, according to Census data. | More Information

NRF Calls on White House to Address Port Congestion Challenges

June 22, 2021

The National Retail Federation (NRF) delivered a letter to the White House asking to meet with President Biden and other top administration officials regarding the challenges retailers are facing from continued supply chain disruptions that are leading to congestion at the U.S. ports. | More Information

Retail Sales to Now Exceed $4.44 Trillion in 2021, as NRF Revises Annual Forecast

June 17, 2021

The National Retail Federation today issued its revised annual forecast for 2021, anticipating that retail sales will now grow between 10.5 percent and 13.5 percent to more than $4.44 trillion this year as the economy accelerates its pace of recovery. The announcement was made during NRF’s inaugural State of Retail and the Consumer event. | More Information

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