Tag Archives: Matthew Shay

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National Retail Federation announces the appointment of Christian Beckner to head its cybersecurity program

WASHINGTON, 2018-Feb-13 — /EPR Retail News/ — The National Retail Federation today (February 9, 2018) announced that it has hired Christian Beckner, a top Washington cybersecurity think tank expert and former U.S. Senate homeland security advisor, to head its cybersecurity program that helps retailers protect sensitive consumer data nationwide.

“Protecting consumer data is one of retailers’ top priorities, and Christian is a proven cybersecurity veteran with the expertise and experience to help us combat this never-ending battle,” NRF President and CEO Matthew Shay said. “His diverse background and in-depth knowledge of technology and security is an unparalleled resource for the retail industry and the consumers they serve.”

As senior director of retail technology, Beckner will lead NRF’s CIO Council, IT Security Council and cybersecurity program, and will be responsible for developing strategies, programs and activities to maintain NRF as the technology leader and convener in the retail sector. Included in the cybersecurity program is the NRF Retail Information Sharing and Analysis Organization and Threat Alert System, which gathers intelligence on cybersecurity threats targeting retailers and alerts companies to help them keep data secure.

“I am looking forward to taking the next step in my career working on behalf of an industry with such a unique set of technology and security challenges,” Beckner said. “Retailers work round-the-clock every day against cyber threats, and I want to use what I’ve learned over the last two decades to help them address these critical issues head on.”

Beckner spent the past five years as deputy director of George Washington University’s Center for Cyber and Homeland Security, a think tank where he focused on cybersecurity, counterterrorism and homeland security. He was previously an associate staff director at the Senate Homeland Security and Governmental Affairs Committee, where he was responsible for coordination of oversight and legislation on a broad range of homeland security and intelligence issues. Among other assignments, he contributed to the committee’s investigation of the 2009 Fort Hood terrorist attack. He has worked on cybersecurity and homeland security issues for close to 20 years, including positions at IBM, the Center for Strategic and International Studies and the O’Gara Company.

Beckner holds a bachelor’s degree in international relations from Stanford University and a master’s degree in foreign service and an MBA, both from Georgetown University.

About NRF
NRF is the world’s largest retail trade association, representing discount and department stores, home goods and specialty stores, Main Street merchants, grocers, wholesalers, chain restaurants and internet retailers from the United States and more than 45 countries. Retail is the nation’s largest private-sector employer, supporting one in four U.S. jobs — 42 million working Americans. Contributing $2.6 trillion to annual GDP, retail is a daily barometer for the nation’s economy.

Contact:

Ana Serafin Smith
(202) 626-8189
press@nrf.com
(855) NRF-Press

Source: NRF

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The National Retail Federation elects new chairman

NEW YORK, 2018-Jan-22 — /EPR Retail News/ — The National Retail Federation today announced that BJ’s Wholesale Club President and CEO Christopher J. Baldwin has been elected chairman of the NRF Board of Directors. In addition, eight other retailers and retail partners have been elected as new members of the board.

“Chris Baldwin is one of the top thought leaders in retail and is well-positioned to guide NRF through the rapid transformation facing our industry as consumers discover new ways to shop and merchants find new ways to serve their customers,” NRF President and CEO Matthew Shay said. “NRF and the entire industry will benefit from his experience and insights. The new members of our board are also among the best in the business, and we look forward to their help in addressing the challenges and opportunities that lie ahead.”

“I’m honored to help lead NRF during such rapid change in the retail industry,” Baldwin said. “Retail is a crucial driver of our economy and provides opportunities for millions of workers across the United States. I’m very optimistic about the opportunities ahead of our industry and look forward to working with NRF staff and board members during this period of retail transformation.”

Baldwin, who will serve a two-year term, was elected as the board held its annual winter meeting in New York as part of NRF 2018: Retail’s Big Show. He succeeds Macy’s Inc. Executive Chairman Terry Lundgren, who assumed the NRF chairmanship last July after former HSNi CEO Mindy Grossman resigned from the board to head Weight Watchers.

Newly elected members of the board are:

  • Miki Racine Berardelli, CEO, KIDBOX
  • John Furner, president and CEO, Sam’s Club
  • Jeff Gennette, CEO, Macy’s Inc.
  • Mike George, president and CEO, QVC Group
  • Steve Joyce, CEO, DineEquity
  • Rachel Mushahwar, general manager, U.S. enterprise, government, SLED and cloud industries, Intel
  • Eva Press, U.S. group lead, consumer packaged goods, government, healthcare and retail, Facebook
  • Brad Weston, CEO, Petco

NRF is the world’s largest retail trade association, representing discount and department stores, home goods and specialty stores, Main Street merchants, grocers, wholesalers, chain restaurants and internet retailers from the United States and more than 45 countries. Retail is the nation’s largest private-sector employer, supporting one in four U.S. jobs — 42 million working Americans. Contributing $2.6 trillion to annual GDP, retail is a daily barometer for the nation’s economy. NRF.com

SOURCE: National Retail Federation

J. Craig Shearman
(202) 626-8134
press@nrf.com
(855) NRF-Press

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The National Retail Federation applauds Senate passage of landmark tax reform legislation

WASHINGTON, 2017-Dec-04 — /EPR Retail News/ —The National Retail Federation welcomed Senate passage early today (December 2, 2017) of landmark tax reform legislation, saying congressional action on the pro-growth plan is helping boost consumer confidence and that savings from reform could be enough to pay for many families’ holiday shopping.

“This vote couldn’t come at a better time,” NRF President and CEO Matthew Shay said. “Holiday shopping was strong throughout the Thanksgiving weekend, and a good part of the reason was optimism about the work Congress is doing to pass tax reform. Consumers and voters are beginning to realize that tax reform will create jobs, leave more money in the pockets of middle-class Americans and give our nation’s economy the biggest boost it’s seen in decades. In fact, the savings is enough to give the average family a free Christmas. It’s time to get this legislation to President Trump so American consumers will know they can count on extra money in their paychecks come January.”

“We look forward to members of the House and Senate sitting down to reconcile the differences between their versions of the legislation so that a final bill can be signed into law as soon as possible,” Shay said. “There is far more that the two chambers agree on than they disagree on. And both clearly agree that the time for tax reform has come.”

According to the Senate Finance Committee, a typical family of four earning the average annual income of $73,000 would see its taxes cut by nearly $1,500 a year, or $125 a month, and some estimates are higher. The number is enough to completely cover the $967.13 NRF expects the average consumer to spend this year as part of up to $682 billion in holiday season sales.

An NRF survey found that 174 million American adults shopped from Thanksgiving Day through Cyber Monday, 10 million more than NRF had projected.

NRF is the world’s largest retail trade association, representing discount and department stores, home goods and specialty stores, Main Street merchants, grocers, wholesalers, chain restaurants and internet retailers from the United States and more than 45 countries. Retail is the nation’s largest private-sector employer, supporting one in four U.S. jobs – 42 million working Americans. Contributing $2.6 trillion to annual GDP, retail is a daily barometer for the nation’s economy.

Contact:

J. Craig Shearman
(202) 626-8134
press@nrf.com
(855) NRF-Press

Source: NRF

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New survey reveal an estimated 164 million people plan to shop during Thanksgiving weekend and Cyber Monday

WASHINGTON, 2017-Nov-15 — /EPR Retail News/ — The biggest shopping weekend of the year is right around the corner and 69 percent of Americans — an estimated 164 million people — are planning to shop or considering shopping during Thanksgiving weekend, according to the annual survey released today by the National Retail Federation and Prosper Insights & Analytics. For the first time in survey history, the numbers include Cyber Monday in addition to Thanksgiving Day, Black Friday, Small Business Saturday and Sunday.

“This year, we updated our survey to more accurately capture consumer behavior throughout the entire shopping weekend — Thanksgiving Day through Cyber Monday,” NRF President and CEO Matthew Shay said. “Consumers will benefit from competitive promotions both in stores and online lasting the course of the weekend, allowing them to find the best gifts at the lowest prices.”

Of those considering shopping the long holiday weekend, the survey found that 20 percent plan to shop on Thanksgiving Day (32 million) but Black Friday will remain the busiest day with 70 percent planning to shop then (115 million). A substantial 43 percent are expected to shop on Saturday (71 million), with 76 percent saying they will do so specifically to support Small Business Saturday. On Sunday, 21 percent expect to shop (35 million) and 48 percent are expected to shop on Cyber Monday (78 million).

Of those shopping, 66 percent said they’re doing so to take advantage of deals and promotions retailers will offer, while 26 percent cited the tradition of shopping over Thanksgiving weekend and 23 percent said it’s something to do over the holiday weekend. Another 23 percent said it is when they start their holiday shopping.

According to the survey, 56 percent of Americans have already started their holiday shopping, but most still have a long way to go. Only 12 percent of consumers have completed at least half of their shopping, while only 2 percent have finished all of their holiday shopping.

When asked what they enjoy the most about shopping during the holidays, 35 percent said it is a family tradition while 23 percent said they most enjoy holiday decorations and displays; 18 percent cited finding the perfect gift for someone.

“While the utility of the weekend will continue to draw shoppers into stores and online to efficiently and inexpensively check off their lists, we’re also seeing consumers report tradition and the opportunity to partake in holiday cheer as reasons for shopping, too,” Prosper Principal Analyst Pam Goodfellow said. “By now, people know what sort of deals they can expect to see during the weekend and are budgeting for them accordingly, and in many cases expertly.”

“For Gen Z, the holiday shopping weekend is a can’t-miss opportunity,” Goodfellow said. “This group overwhelmingly sees in-store shopping as a valuable way to connect with others, be it friends, family or store associates at their favorite retailers.”

While many consumers will take advantage of deals over Thanksgiving weekend, 31 percent will refrain from shopping that weekend. Of those not planning to participate, 52 percent won’t shop because they do not enjoy the experience and 51 percent say they never shop during Thanksgiving weekend. Of those not shopping, 46 percent said nothing would change their mind but 27 percent said a good sale or discount on an item they want could get them to shop.

The survey, which asked 7,439 consumers about their shopping plans, was conducted October 31-November 7 and has a margin of error of plus or minus 1.2 percentage points.

Full data results surrounding the survey will not be published on NRF.com. News media and analysts who require additional information can contact press@nrf.com. Due to the changes in the survey, no historical data will be provided.

NRF Thanksgiving Weekend and Cyber Monday Results and Weekend Contact Information

To more accurately capture the entirety of spending on Thanksgiving weekend, NRF this year will release spending data on November 28, the day after Cyber Monday. Doing so will allow NRF to provide a more accurate picture of consumer activity over the entire weekend and incorporate Cyber Monday data into the results. As consumer behavior evolves, NRF will continue to focus its efforts on providing the most relevant, accurate and insightful analysis of its impact on the retail industry.

Additionally, NRF will host a media call with Shay at 1 p.m. November 28. An advisory will be sent to retail, trade and business media in the coming days. The call will discuss what time people started shopping on Thanksgiving Day and Black Friday, how many people shopped for Small Business Saturday, the percentage of those shopping online over the weekend and final results for Cyber Monday.

NRF offices will be closed on Thanksgiving Day and Black Friday, but members of the media relations team will be available from 9 a.m. until 5 p.m. on Black Friday. To request a print or broadcast interview, contact Ana Serafin Smith at press@nrf.com or 855-NRF-PRESS.

About Prosper Insights & Analytics
Prosper Insights & Analytics is a global leader in consumer intent data serving the financial services, marketing technology, and retail industries. We provide global authoritative market information on US and China consumers via curated insights and analytics. By integrating a variety of data including economic, behavioral and attitudinal data, Prosper helps companies accurately predict consumers’ future behavior to help identify market behaviors, optimize marketing efforts, and improve the effectiveness of demand generation campaigns. www.ProsperInsights.com

About NRF
NRF is the world’s largest retail trade association, representing discount and department stores, home goods and specialty stores, Main Street merchants, grocers, wholesalers, chain restaurants and internet retailers from the United States and more than 45 countries. Retail is the nation’s largest private-sector employer, supporting one in four U.S. jobs – 42 million working Americans. Contributing $2.6 trillion to annual GDP, retail is a daily barometer for the nation’s economy.

Contact:

Ana Serafin Smith
(202) 626-8189
press@nrf.com
(855) NRF-Press

Source: NRF

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NRF and Ascential PLC partner to provide insight, networking opportunities, intelligence to the global retail community

NRF and Ascential PLC partner to provide insight, networking opportunities, intelligence to the global retail community

WASHINGTON, 2017-Oct-12 — /EPR Retail News/ — The National Retail Federation and Ascential PLC, parent company of the World Retail Congress, today announced a global partnership to bring together their long-standing, convening power around the world. The partnership will leverage the strengths of each group to help continue to provide their shared audiences with insight, networking opportunities, intelligence and more in the years ahead.

“By bringing together the brainpower and credibility of NRF and the World Retail Congress, we ensure that the global retail community will have continued access to first-rate events and thought leadership about the transformation and future of retail,” NRF President and CEO Matthew Shay said. “With the WRC’s international acumen and NRF’s century-old U.S. leadership platform, we will continue to evolve to meet the needs of the modern-day retailer around the world.”

Between NRF’s Retail’s Big Show and Shop.org and Ascential’s annual World Retail Congress, the two organizations host the premiere retail forums each year. The announcement was made on stage today by Shay and WRC Chairman Ian McGarrigle at Ascential’s Retail Congress Asia-Pacific conference in Hong Kong.

“This is a very special partnership which recognizes the great relationship the World Retail Congress has built up with the National Retail Federation,” McGarrigle said. “As the world’s biggest retail trade association, they will be an invaluable help in continuing to ensure that the Congress reflects the key issues and topics that are at the forefront of all retail leaders’ minds.”

The partnership is supported at the highest levels of both organizations.

“As the industry continues to change, there is so much to learn from our colleagues and innovators around the globe,” said Macy’s Executive Chairman Terry Lundgren, who is chairman of the NRF Board of Directors. “It makes perfect sense for two organizations seeking to serve the same industry and facing the same challenges to collaborate and not work independent of one another. This is the right opportunity at the right time.”

“We’re delighted to announce a global partnership between Ascential PLC and the National Retail Federation,” Ascential CEO Duncan Painter said. “The collaboration of our organizations has the express purpose of furthering global connections and knowledge sharing that support this dynamic industry as leaders continue to navigate the extraordinary changes and opportunities posed by the digital revolution.”

About Ascential
Ascential is a global business-to-business media company that informs and connects the business world in 150 countries through market-leading exhibitions and festivals and information services. Ascential powers the prestigious Cannes Lions festival for the branded communications industry, the world’s premier payments and financial services congress Money20/20, Spring Fair/Autumn Fair, World Retail Congress, the global trend forecasting service WGSN, environmental risk data business Groundsure, e-commerce analytics provider One Click Retail and MediaLink, the strategic advisory and business services firm. Ascential’s premium products enable focus, growth and value. The company provides customers with world class content and connections empowering their businesses to be the best informed and best connected. www.ascential.com

About NRF
NRF is the world’s largest retail trade association, representing discount and department stores, home goods and specialty stores, Main Street merchants, grocers, wholesalers, chain restaurants and internet retailers from the United States and more than 45 countries. Retail is the nation’s largest private-sector employer, supporting one in four U.S. jobs – 42 million working Americans. Contributing $2.6 trillion to annual GDP, retail is a daily barometer for the nation’s economy.

SOURCE: NRF

Ana Serafin Smith
(202) 626-8189
press@nrf.com
(855) NRF-Press

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NRF forecast: families will spend $83.6 billion on back-to-school this year

WASHINGTON, 2017-Aug-23 — /EPR Retail News/ — Even though more parents started back-to-school shopping early this year, many families still have a lot of shopping left to do as they prepare their children for the start of school. According to the National Retail Federation’s annual survey conducted by Prosper Insights & Analytics, the average family with children in grades K-12 had completed only 45 percent of their shopping as of early August. That’s down from a peak of 52 percent at the same time in 2013 and 48 percent last year, and the lowest level since 40 percent in 2012.

“Parents this year have been taking longer than usual to finish buying the clothing and supplies their children need for school,” NRF President and CEO Matthew Shay said. “Many kids are already getting on the bus and millions more will be back in class in another week or two, so anybody who hasn’t finished shopping by now is cutting it close. Retailers have some great bargains to offer, but parents better take advantage of them before the school bell rings.”

Of parents surveyed August 1-9, only 13 percent had completed all their shopping, and 23 percent had not started at all. The results come even though the number of parents who planned to start shopping at least two months before the beginning of school was up this year at 27 percent, compared with 22 percent last year.

NRF has forecast that families will spend $83.6 billion on back-to-school this year, including $29.5 billion on K-12 and $54.1 billion on college.

Among K-12 parents, 79 percent said they still needed to buy basic supplies such as pencils and paper, up from 77 percent at the same time last year, followed by 75 percent who needed to buy apparel, up from 70 percent; 58 percent still needed to buy shoes, up from 57 percent.

To wrap up their buying, 55 percent planned to head to department stores, 49 percent to discount stores, 39 percent to clothing stores, 35 percent to office supply stores and 33 percent online.

When deciding where to shop, 41 percent said they are influenced by coupons, down from 48 percent last year and the lowest in the survey’s history. But 33 percent said they would leverage in-store promotions and 29 percent said they would be influenced by newspaper advertising inserts. For those who’ve already started shopping, 43 percent of their purchases were influenced by coupons, sales and promotions.

The survey found that 61 percent of school supply purchases were influenced by school requirements, down from 64 percent last year. Similarly, 41 percent of electronics purchases were dictated by what schools required, down from 45 percent.

But even though those numbers were down, school requirements still play a significant role in how families go about their shopping.

“Similar to recent years, some of the big-ticket items are being significantly influenced by school requirements,” Prosper Principal Analyst Pam Goodfellow said. “That is why we are seeing many parents take their time in tackling their lists so they can take advantage of any special promotions that can help them save on items such as laptops and computers.”

College Shopping
Overall results for college students were largely the same, with students and their parents saying they, too, had completed 45 percent of their shopping, down from 48 percent last year. That was down from a peak of 54 percent at the same time in 2014 and the lowest level since 44 percent in 2011. Only 12 percent had completed all their shopping and 26 percent had not started at all.

According to the survey, 61 percent still needed to purchase school supplies, followed by clothing (51 percent) and shoes (33 percent).

The survey found college consumers will likely complete the rest of their shopping online (41 percent), at discount or department stores (38 percent each), college bookstores (32 percent) and clothing stores (31 percent).

Coupons and promotions are influencing consumers with back-to-college purchases: 41 percent may use coupons; 30 percent could take advantage of in-store promotions and 28 percent are influenced by word of mouth. For those who have already made purchases, 46 percent were influenced by promotions, down from 50 percent last year.

The survey asked 7,248 consumers about both back-to-school and back-to-college shopping plans. It was conducted August 1-9 and has a margin of error of plus or minus 1.2 percentage points.

About Prosper Insights & Analytics
Prosper Insights & Analytics is a global leader in consumer intent data serving the financial services, marketing technology, and retail industries. We provide global authoritative market information on US and China consumers via curated insights and analytics. By integrating a variety of data including economic, behavioral and attitudinal data, Prosper helps companies accurately predict consumers’ future behavior to help identify market behaviors, optimize marketing efforts, and improve the effectiveness of demand generation campaigns. www.ProsperInsights.com

About NRF
NRF is the world’s largest retail trade association, representing discount and department stores, home goods and specialty stores, Main Street merchants, grocers, wholesalers, chain restaurants and internet retailers from the United States and more than 45 countries. Retail is the nation’s largest private sector employer, supporting one in four U.S. jobs – 42 million working Americans. Contributing $2.6 trillion to annual GDP, retail is a daily barometer for the nation’s economy.

Contact:
Ana Serafin Smith
(202) 626-8189
press@nrf.com
(855) NRF-Press

Source: NRF

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NRF names Representative Mike Kelly, R-Pa., Legislator of the Year

WASHINGTON, 2017-Jul-21 — /EPR Retail News/ — The National Retail Federation today (July 19, 2017) named Representative Mike Kelly, R-Pa., Legislator of the Year as retailers from across the country gathered for NRF’s annual Retail Advocates Summit congressional fly-in.

“Mike Kelly is a true advocate for the retail industry and we want to thank him for his ongoing support,” NRF President and CEO Matthew Shay said. “We need the backing of lawmakers like him to help retailers across the country grow their businesses and create jobs in their communities.”

“I am incredibly grateful to receive this tremendous honor and want to express my gratitude to everyone at today’s breakfast,” Kelly said. “Retailers are the backbone of our nation’s economy. They impact every single American’s daily life, from the food we enjoy to the clothes we wear to the cars we drive, and everything in between.”

“As a lifelong automobile dealer, I know firsthand just how important retailers are to not only consumers but to our associates, their families, and the communities they call home,” Kelly said. “Retail means jobs, retail means growth, retail means opportunity. I consider it a personal duty to help keep these things true by bringing my own private sector experience to the table each and every day on behalf of all those who ‘walk the walk’ and know how our economy truly works.”

Kelly is a member of the tax-writing House Ways and Means Committee, where he serves on the tax, trade and Social Security subcommittees. He was chosen for the Legislator of the Year award by the NRF Policy Council because of his support of pro-growth tax reform and his opposition to a controversial border adjustment tax proposal that would drive up prices for consumers and potentially force some retailers out of business.

About NRF
NRF is the world’s largest retail trade association, representing discount and department stores, home goods and specialty stores, Main Street merchants, grocers, wholesalers, chain restaurants and internet retailers from the United States and more than 45 countries. Retail is the nation’s largest private sector employer, supporting one in four U.S. jobs – 42 million working Americans. Contributing $2.6 trillion to annual GDP, retail is a daily barometer for the nation’s economy.

Contact:
Treacy Reynolds
press@nrf.com
(855) NRF-Press

Source NRF

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SURVEY: Americans expected to spend $7.1 billion as they celebrate the Fourth of July this year

WASHINGTON, 2017-Jun-23 — /EPR Retail News/ — Americans are expected to spend $7.1 billion on food for cookouts and picnics as they celebrate the Fourth of July this year, up from $6.8 billion in 2016, according to the annual survey released today (June 22, 2017) by the National Retail Federation and conducted by Prosper Insight & Analytics.

According to the survey, 219 million Americans plan to celebrate the holiday, or 88 percent of those surveyed. A total of 162 million — 66 percent of those surveyed — plan to take part in a cookout or picnic, spending an average $73.42 per person, up from last year’s $71.34. The numbers cover only food items, not other holiday-related spending.

“With warmer than average weather so far this summer, Americans should be in the mood to head outside to celebrate, whether it’s watching fireworks or firing up the BBQ,” NRF President and CEO Matthew Shay said. “Retailers will be well-stocked with everything from flags to burgers to help Americans prepare for their holiday activities.”

The survey found that 65 percent of consumers already own a U.S. flag, 53 percent patriotic-themed apparel such as T-shirts, bathing suits or shoes, and 40 percent own patriotic decorations. Nonetheless, 28 percent plan on purchasing more patriotic items.

Do you plan to purchase patriotic merchandise within the next 30 days?Yes: 27.6 %No: 38.5 %Unsure: 34.0 %

NRF Independence Day Spending Survey, conducted by Prosper Insights & Analytics

When it comes to other activities to celebrate Independence Day, 44 percent of

Americans will attend a firework show or community celebration and 14 percent will watch a parade.

The holiday weekend is also a popular time for travel, with 32.9 million Americans saying they will head out of town (13 percent of those celebrating), up from 31.1 million from last year. Only 18 percent say the price of gasoline will affect their plans, down from 21 percent last year and a record low since the survey began in 2004. The number who said high gas prices would discourage them from spending for Independence Day peaked at 59 percent in 2008.

“With more Americans planning to travel this Independence Day, gas prices are far less of a factor than they were in previous years,” Prosper Insights Consumer Insights Director Pam Goodfellow said. “Many consumers will take advantage of low gas prices by taking long road trips with their family or heading to the beach for a long weekend.”

The survey of 7,258 consumers was conducted June 5-13 and has a margin of error of plus or minus 1.2 percentage points.

About Prosper Insights & Analytics
Prosper Insights & Analytics is a global leader in consumer intent data serving the financial services, marketing technology, and retail industries. We provide global authoritative market information on US and China consumers via curated insights and analytics. By integrating a variety of data including economic, behavioral and attitudinal data, Prosper helps companies accurately predict consumers’ future behavior to help identify market behaviors, optimize marketing efforts, and improve the effectiveness of demand generation campaigns. www.ProsperInsights.com

About NRF
NRF is the world’s largest retail trade association, representing discount and department stores, home goods and specialty stores, Main Street merchants, grocers, wholesalers, chain restaurants and internet retailers from the United States and more than 45 countries. Retail is the nation’s largest private sector employer, supporting one in four U.S. jobs – 42 million working Americans. Contributing $2.6 trillion to annual GDP, retail is a daily barometer for the nation’s economy.

Contact:
Ana Serafin Smith
(202) 626-8189
press@nrf.com
(855) NRF-Press

Source: NRF

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National Retail Federation welcomes Cristina Ceresoli as senior vice president for retail strategy

WASHINGTON, 2017-Jun-23 — /EPR Retail News/ — Cristina Ceresoli, former vice president of marketing and public relations at Express, will be joining the National Retail Federation as senior vice president for retail strategy. At Express — a leading specialty retailer for men and women — Ceresoli managed the content marketing practice including consumer experience, data-driven insights and communication evolution.

“At a time of great challenge and opportunity in the retail industry, Cristina’s background, knowledge and expertise in retail — particularly in consumer behavior patterns that drive brand advocacy in an omnichannel world — will be invaluable to our organization and to our members,” NRF President and CEO Matthew Shay said. “We are extremely excited to have Cristina joining the NRF team.”

As the SVP for retail strategy, Ceresoli will have a broad platform to speak on behalf of the industry and will help guide NRF’s product offering and event content strategy. With her deep experience in the industry she will serve as an internal advisor on retail industry operations and strategies as a member of the management team. She will also provide the tools and resources to support the industry’s digital expansion.

“I am truly looking forward to working on behalf of an industry that is dynamic and innovative and leads the experience revolution for the benefit of their employees, customers and the communities they serve,” Ceresoli said.

Ceresoli also served as vice president of e-commerce merchandising at Express, where she grew the business from single-digit penetration to its current 21 percent of sales. She also launched a new and exclusive apparel businesses for Express while leading early exploration of content and commerce optimization.

Prior to Express, Ceresoli held merchandising leadership positions at Abercrombie & Fitch, Victoria’s Secret and Aeropostale. She began her career as an early employee of E-Lab, a pioneer in turning firsthand customer insights into innovative products and experiences. She progressed that work at Sapient, a leader in digital business transformation, where she helped drive the internet experience practice, using evolving human behavior to inform innovative business and technology solutions.

Ceresoli earned her MBA at Columbia Business School, and served for many years as an adjunct professor at Parsons, The New School in the Strategic Design and Management Program.

Berglass and Associates assisted in the executive search.

About NRF
NRF is the world’s largest retail trade association, representing discount and department stores, home goods and specialty stores, Main Street merchants, grocers, wholesalers, chain restaurants and internet retailers from the United States and more than 45 countries. Retail is the nation’s largest private sector employer, supporting one in four U.S. jobs – 42 million working Americans. Contributing $2.6 trillion to annual GDP, retail is a daily barometer for the nation’s economy.

Contact:
Treacy Reynolds
press@nrf.com
(855) NRF-Press

Source: NRF

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The National Retail Federation announces the retirement of SVP and General Counsel Mallory Duncan

WASHINGTON, 2017-Jun-22 — /EPR Retail News/ — The National Retail Federation today (June 21, 2017) announced the retirement of Senior Vice President and General Counsel Mallory Duncan, a veteran lawyer and lobbyist who has guided the retail industry through legal, legislative and regulatory battles over credit card fees, bankruptcy law, privacy issues and other topics for more than two decades.

“Whether you’re appealing to the Supreme Court, testifying before Congress or meeting at the White House, Mallory is the lawyer you want by your side,” NRF President and CEO Matthew Shay said. “There is no brighter legal mind in the retail industry, and nobody understands the complexities and nuances of the issues he follows better than he does. He has been indispensable to me as a trusted advisor and I am sorry to see him go.”

“Working in the retail industry has given me the opportunity to play an exciting part in some of the most interesting issues of our day,” Duncan said. “Retail isn’t just stores and shopping. It’s about the economy, jobs and public policy issues that run the gamut from taxes to trade. I’ve spent the biggest part of my career representing retailers, but a large part of that is improving retailers’ ability to serve everyday consumers. I’d like to think I’ve helped restore the alignment of Main Street retailers and their customers against unfair practices that threaten them both.”

Duncan will leave NRF at the end of August but will continue to provide counsel on payments and other issues as a consultant.

“Mallory informed me earlier this year of his intention to retire at the end of the summer, and we have been actively engaged in searching for his successor,” Shay said. “We expect to make an announcement soon.”

Duncan joined NRF as general counsel in 1994. As such, he is responsible for all of NRF’s legal affairs, both directly and through coordination of outside counsel. As a member of the NRF executive team, he helps execute the federation’s strategic mission of advocacy, communications and education on behalf of the industry. He also manages the NRF General Counsels Forum, which is made up of chief legal officers at many of the nation’s best-known retail companies.

Duncan is best known as one of the retail industry’s leading voices for reform of credit card industry fees, rules and practices to make the card industry more transparent and competitive, an area where he has played a significant role since the mid-1990s. The announcement of his retirement comes after NRF’s recent victory in convincing the House to drop efforts to repeal reform of debit card swipe fees. In recent years, Duncan headed NRF’s legal challenge of the Federal Reserve’s 2011 cap on debit card swipe fees as too high and another legal action that said a record-setting $7.25 billion settlement with banks over credit card swipe fees in 2012 was too low. Both cases went to the U.S. Supreme Court, which let the debit swipe cap stand but returned the credit card case to the trial court for additional proceedings.

Prior to joining NRF, Duncan served as senior counsel in the Washington office of J.C. Penney, where he advised the company on state and federal legislative and regulatory issues. He was previously a senior attorney in the Office of Policy Planning at the Federal Trade Commission, where he wrote the commission’s Policy Guidance on Civil Penalties, and was an associate at the law firm of Sutherland, Asbill and Brennan. The Los Angeles native is a graduate of Pomona College and Yale Law School.

NRF is the world’s largest retail trade association, representing discount and department stores, home goods and specialty stores, Main Street merchants, grocers, wholesalers, chain restaurants and internet retailers from the United States and more than 45 countries. Retail is the nation’s largest private sector employer, supporting one in four U.S. jobs — 42 million working Americans. Contributing $2.6 trillion to annual GDP, retail is a daily barometer for the nation’s economy.

Contact:
J. Craig Shearman
(202) 626-8134
press@nrf.com
(855) NRF-Press

Source: NRF

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NRF President and CEO Matthew Shay: retailers would work “tirelessly” to achieve tax reform without shifting the burden to consumers

WASHINGTON, 2017-Jun-22 — /EPR Retail News/ — National Retail Federation President and CEO Matthew Shay said in an interview today (June 21, 2017) on Fox Business Network’s Varney & Co. that retailers would work “tirelessly” to achieve tax reform that lowers rates without shifting the burden to consumers.

Regarding House Speaker Paul Ryan’s speech on tax reform the day before, Shay said, “The Speaker made very clear that there is more than one way to get this done….I think that is encouraging. That is a sign that he and Chairman Brady and others are being responsive to the concerns they have heard and the recognition the politics of this, it just doesn’t make sense to do tax reform by imposing a $1700 tax on American families.”

To watch the full interview, click here.

The United States has one of the highest corporate tax rates in the world and NRF has led the retail industry in advocating for comprehensive tax reform that would broaden the tax base and lower the rate. Retail benefits from few of the tax breaks that lower tax bills for other industries, and most retail companies pay at or close to the full 35 percent rate.

TRANSCRIPT
Fox Business Network
Varney & Co. – Matt Shay Interview
June 21, 2017
http://video.foxbusiness.com/v/5478892341001/?#sp=show-clips

STUART VARNEY: House Speaker Paul Ryan outlined his tax reform plan yesterday. He barely mentioned the so-called border adjustment tax. National Retail Federation CEO Matt Shay is here with us now. Alright, Matt, take a victory lap because you killed it. You killed the border tax.

NRF PRESIDENT AND CEO MATTHEW SHAY: Nice to be with you, Stuart. Glad to be here today. I think that the speech Speaker Ryan gave yesterday and the outline that he provided to that audience was something that would resonate very well with our members, would be very popular with the retail industry. He said a lot of things with which we agree and that makes the point, that we have been in agreement with the Speaker on the need for tax reform for a long time and we have one disagreement over one element and the fact he didn’t mention that element yesterday is encouraging to all of us.

VARNEY: Your disagreement is purely about the border adjustment tax and that is the way of paying for this tax reform. If you take away the border adjustment tax would you be okay with substituting a consumption tax like a gas tax?

SHAY: I think a consumption tax and a gas tax would be received very differently depending on which industries you are talking about because they will have different impacts. But I think the point here is that the Speaker made very clear that there is more than one way to get this done and the fact that he acknowledged there’s a way to do tax reform, and said, for reference, we have a proposal here in the House but there are many ways to get this done, I think that is encouraging. That is a sign that he and Chairman Brady and others are being responsive to the concerns they have heard and the recognition the politics of this, it just doesn’t make sense to do tax reform by imposing a $1700 tax on American families.

VARNEY: I came on strong at the beginning of the interview trying to press you, and say, ‘look, it’s dead.’ You killed it, you did it. I think I am right, whether you killed it or not doesn’t matter. I think it is dead and you are not going to give me an argument.

SHAY: We have heard the Senate – sort of up and down the line – from Republican members of the Senate express a lot of discomfort with this. There is not any enthusiasm in the Senate for this to go anywhere. You heard Secretary Steve Mnuchin at Treasury, you’ve heard Gary Cohen at the White House make public statements about their displeasure with this particular approach, so I think this is a positive development. I think there is a long way to go, as Speaker Ryan pointed out, and it is not going to be over until we get there. And we need to get there and I think we should be very clear on this. We will be just as vocal in support of a plan that doesn’t contain the border adjustment tax as we have been vocal about one that does. We are big champions for reform. We pay the highest rate of any industry in the country, we want to get this done and we will be out there tirelessly working to get tax reform across the finish line.

VARNEY: Okay, Matt, we’ll delay your victory lap for a couple days but after that you really have to come back to take a victory lap because you really did kill it.

SHAY: Victory is when we get tax reform done because it’s good for the American people and good for this country and that will be a victory for all of us.

About NRF
NRF is the world’s largest retail trade association, representing discount and department stores, home goods and specialty stores, Main Street merchants, grocers, wholesalers, chain restaurants and internet retailers from the United States and more than 45 countries. Retail is the nation’s largest private sector employer, supporting one in four U.S. jobs – 42 million working Americans. Contributing $2.6 trillion to annual GDP, retail is a daily barometer for the nation’s economy.

Contact:
Robin Roberts
press@nrf.com
(855) NRF-Press

Source: NRF

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NRF: Americans are expected to spend more than ever on gifts for Father’s Day this year

WASHINGTON, 2017-Jun-06 — /EPR Retail News/ — Americans are expected to spend more than ever on gifts for Father’s Day this year with the biggest share going to special outings like a ballgame, concert or dinner, according to the National Retail Federation’s annual survey conducted by Prosper Insight & Analytics.

Father’s Day shoppers are expected to spend an average $134.75 for the holiday, up from last year’s $125.92. With 77 percent of consumers surveyed celebrating, total spending is expected to reach $15.5 billion. That’s the highest number in the survey’s 15-year history, topping last year’s previous record of $14.3 billion.

“It’s encouraging to see that consumers are spending on special occasions such as Father’s Day,” NRF President and CEO Matthew Shay said. “This is a positive sign of strong consumer confidence heading into the second half of the year, and a good deal for all the dads who will reap the benefits.”

The survey found 27 percent of dads would love to receive a “gift of experience” for Father’s Day — and 25 percent of shoppers plan to grant that wish with gifts like tickets to a concert or a sporting event. When dinners, brunches and other types of “fun activity/experience” are included, consumers plan to spend $3.3 billion on special outings, which will be given by 48 percent of those surveyed.

Next up on the spending list is $2.2 billion on gift cards (given by 43 percent), followed by $2.2 billion on clothing (46 percent) and $1.8 billion on consumer electronics (21 percent). Personal care products such as a bottle of cologne (21 percent) total $888 million, slightly edging out home improvement supplies (16 percent) at $885 million. Greeting cards are the most common gift, purchased by 64 percent of consumers, but only account for $861 million of projected spending.

“With shoppers planning to be more generous to dad this year, the personal care category will be one to watch,” Prosper Principal Analyst Pam Goodfellow said. “Planned spending on items like cologne, aftershave and razors rose nearly 20 percent year-over-year, outpacing growth in every other gift category for Father’s Day.”

When searching for the perfect gift, 40 percent of consumers will head to department stores, 34 percent will shop online, 26 percent will shop at a discount store, 24 percent at a specialty store and 19 percent at a local small business. Among smartphone owners, 33 percent will use them to research gift ideas but only 18 percent will use them to make a purchase. Tablets are used slightly less frequently to research (32 percent) but slightly more frequently to buy (19 percent).

More than half of those surveyed plan to buy for their fathers or stepfathers (54 percent) while others will shop for their husbands (29 percent) or sons (10 percent).

The survey of 7,335 consumers was conducted May 2-9 and has a margin of error of plus or minus 1.2 percentage points.

About Prosper Insights & Analytics
Prosper Insights & Analytics delivers executives timely, consumer-centric insights from multiple sources. As a comprehensive resource of information, Prosper represents the voice of the consumer and provides knowledge to marketers regarding consumer views on the economy, personal finance, retail, lifestyle, media and domestic and world issues. www.ProsperInsights.com

About NRF
NRF is the world’s largest retail trade association, representing discount and department stores, home goods and specialty stores, Main Street merchants, grocers, wholesalers, chain restaurants and Internet retailers from the United States and more than 45 countries. Retail is the nation’s largest private sector employer, supporting one in four U.S. jobs — 42 million working Americans. Contributing $2.6 trillion to annual GDP, retail is a daily barometer for the nation’s economy.

Contact:
Ana Serafin Smith
(202) 626-8189
press@nrf.com
(855) NRF-Press

Source: NRF

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NRF: Retail industry employment down by 8,500 jobs in May from April

WASHINGTON, 2017-Jun-05 — /EPR Retail News/ — Retail industry employment decreased by 8,500 jobs in May from April, the National Retail Federation said today (June 2, 2017), while average hourly earnings were up 2.5 percent on a year-over-year basis, in line with growth in recent months. The numbers exclude automobile dealers, gasoline stations and restaurants. The overall economy gained 138,000 jobs in May, the Labor Department said.

“Though job growth in the retail industry decelerated in May, employment overall is above what is needed to keep sustained growth in the economy,” NRF Chief Economist Jack Kleinhenz said. “Solid fundamentals in the job market are encouraging for retail spending, as employment gains generate additional income for consumers and consequently increase spending.”

“We’ve seen a seesaw of gains and losses in retail employment over the past several months, reflective of the ongoing transformation of our industry,” Kleinhenz said. “While we are looking for a new equilibrium in retail employment, it will take time for the industry to adjust to rapid changes in consumer spending habits and demographic patterns.”

“We are optimistic that in the months ahead Congress and the Administration will continue to make progress on the regulatory reform agenda and make policy changes like comprehensive tax reform to help the economy grow and create new jobs,” Matthew Shay, NRF President and CEO said.

On a three-month moving average on a seasonally adjusted basis, retail employment shows a decline of 17,900 jobs. The Labor Department said April unemployment fell to 4.3 percent, the lowest it has been in more than a decade.

According to the Bureau of Labor Statistics data, the retail industry currently has over 548,000 job openings.

NRF is the world’s largest retail trade association, representing discount and department stores, home goods and specialty stores, Main Street merchants, grocers, wholesalers, chain restaurants and Internet retailers from the United States and more than 45 countries. Retail is the nation’s largest private sector employer, supporting one in four U.S. jobs – 42 million working Americans. Contributing $2.6 trillion to annual GDP, retail is a daily barometer for the nation’s economy.

Contact:
Treacy Reynolds
press@nrf.com
(855) NRF-Press

Source: NRF

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NRF survey: Graduation spending expected to reach $5.6 billion, the highest number in the survey’s history

Washington, 2017-May-18 — /EPR Retail News/ — Consumers say they will spend more than ever on graduation gifts this year as they stuff greeting cards with gift cards and cash, according to the annual survey released today (May 17, 2017) by the National Retail Federation and Prosper Insights & Analytics.

With more consumers buying for graduates this year – 36 percent compared with 34 percent in 2016 – total spending is expected to reach $5.6 billion. That’s the highest number in the survey’s 11-year history, topping last year’s previous record of $5.4 billion.

“As students mark the end of one chapter in their lives and start the next, friends and family will help prepare them for this new journey,” NRF President and CEO Matthew Shay said. “From gift cards to clothing and electronics, retailers will have their shelves stocked with a variety of options.”

Cash will once again be the most popular gift, given by 53 percent of those surveyed as they seek to help students with the costly transition from high school to college or college to the “real world.” However, cash gifting is at a survey low in 2017, dropping about 10 percent from highs recorded in 2007 and 2009. Greeting cards follow at 41 percent, gift cards at 33 percent, apparel at 16 percent and electronics at 11 percent.

“This graduation season we are seeing more young Millennials giving gifts to their peers,” Prosper Principal Analyst Pam Goodfellow said, noting that 48 percent plan to do so, up from 42 percent last year. “While greeting cards are most likely to be exchanged among 18-24-year-old, gift cards, cash, and apparel are other popular options. In fact, this group is nearly twice as likely to give clothing than the overall average.”

While ages 18-24 are the most likely to give a gift to graduates (at 48 percent), they maintain the smallest budgets at $78.42. The biggest spending is likely to come among parent-age 45-54-year-olds at $119.84 as well as those in the grandparent bracket of 65+, who plan to spend an average $112.34.

The survey, which asked 7,335 consumers about their Graduation gifting plans, was conducted May 2-9 and has a margin of error of plus or minus 1.2 percentage points. Full data results will not be published on NRF.com but news media and analysts who require additional information can contact press@nrf.com.

About Prosper Insights & Analytics
Prosper Insights & Analytics delivers executives timely, consumer-centric insights from multiple sources. As a comprehensive resource of information, Prosper represents the voice of the consumer and provides knowledge to marketers regarding consumer views on the economy, personal finance, retail, lifestyle, media and domestic and world issues. www.ProsperDiscovery.com

About NRF
NRF is the world’s largest retail trade association, representing discount and department stores, home goods and specialty stores, Main Street merchants, grocers, wholesalers, chain restaurants and Internet retailers from the United States and more than 45 countries. Retail is the nation’s largest private sector employer, supporting one in four U.S. jobs — 42 million working Americans. Contributing $2.6 trillion to annual GDP, retail is a daily barometer for the nation’s economy.

Contact:
Ana Serafin Smith
(202) 626-8189
press@nrf.com
(855) NRF-Press

Source: NRF

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Retailers Agree Proposed Comprehensive Tax Reform Could Help Economy Grow

WASHINGTON, 2017-Apr-29 — /EPR Retail News/ — The National Retail Federation today (April 26, 2017) welcomed the proposal on comprehensive tax reform released by President Trump.

“Retailers commend the president for his leadership on much-needed comprehensive tax reform,” NRF President and CEO Matthew Shay said. “What matters most is that we enact pro-growth tax policy for both individuals and businesses. This puts money back in the pockets of hard working Americans, helping to grow businesses and industries in the communities where consumers live and work.”

“The United States has one of the highest corporate tax rates in the world, and retailers pay the highest effective tax rate of any industry,” Shay said. “Lowering the rate for businesses would significantly improve U.S. companies’ ability to compete in a global marketplace and will drive more investment to the United States.”

“The devil is in the details, but we are optimistic that when tax reform crosses the finish line it won’t include a border adjustment tax or any other scheme that shifts the financial burden to consumers,” Shay said. “Taxing imports would not only raise prices for consumers, it would ultimately cost American jobs and shutter American businesses. We look forward to continued conversations with the administration and Congress to make pro-growth tax reform a reality.”

NRF has led the retail industry in supporting comprehensive tax reform that would broaden the tax base and lower the corporate tax rate. Retail benefits from few of the tax breaks that lower tax bills for other industries, and pays the highest effective corporate tax rate of any sector of the U.S. economy – at or close to the maximum 35 percent.

NRF is the world’s largest retail trade association, representing discount and department stores, home goods and specialty stores, Main Street merchants, grocers, wholesalers, chain restaurants and Internet retailers from the United States and more than 45 countries. Retail is the nation’s largest private sector employer, supporting one in four U.S. jobs – 42 million working Americans. Contributing $2.6 trillion to annual GDP, retail is a daily barometer for the nation’s economy.

Contact:
Robin Roberts
press@nrf.com
(855) NRF-Press

Source: NRF

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NRF: Consumers say they will spend more than ever on this year’s Mother’s Day

WASHINGTON, 2017-Apr-25 — /EPR Retail News/ — Consumers say they will spend more than ever on Mother’s Day this year as they shower moms with everything from jewelry to special outings at favorite restaurants, according to the National Retail Federation’s annual survey conducted by Prosper Insights & Analytics.

Mother’s Day shoppers are expected to spend an average of $186.39 for the holiday, up from last year’s $172.22. With 85 percent of consumers surveyed celebrating the holiday, total spending is expected to reach $23.6 billion. That’s the highest number in the survey’s 14-year history, topping last year’s previous record of $21.4 billion.

“With spring in full bloom, many Americans are looking forward to splurging on their mothers this Mother’s Day,” NRF President and CEO Matthew Shay said. “Retailers will be ready with a wide range of gift options and a variety of promotions for their customers.”

According to the survey, consumers plan to spend $5 billion on jewelry (purchased by 36 percent of shoppers), $4.2 billion on special outings such as dinner or brunch (56 percent), $2.6 billion on flowers (69 percent), $2.5 billion on gift cards (45 percent), $2.1 billion on clothing (37 percent), $2 billion on consumer electronics (15 percent) and $1.9 billion on personal services such as a spa day (24 percent).

The overall increase is expected to be driven largely by spending on jewelry, which is up 19 percent, and personal services, up 15 percent.

When it comes to “gifts of experience” such as tickets to a concert or hot air balloon ride, 28 percent want to receive such a gift, compared with 24 percent last year. Younger consumers in particular may be looking to create a special memory, with nearly half under the age of 35 planning to give such a gift.

“Consumers are planning to open up their wallets a little bit more to celebrate the women with the most important jobs in the world on Mother’s Day,” Prosper Principal Analyst Pam Goodfellow said. “We will see older Millennials (25-34) spend the most, and younger consumers are putting their online shopping skills to good use to purchase their moms the perfect gift.”

When searching for the perfect gift, 35 percent of consumers will head to department stores and 31 percent will shop at specialty stores such as florists, jewelers or electronics stores, while 24 percent plan to shop at a local small business. Meanwhile, 30 percent will shop online, up from 27 percent last year. Among smartphone owners, 34 percent will research gift ideas on their phones while 19 percent will use them to make a purchase.

The survey, which asked 7,406 consumers about their Mother’s Day plans, was conducted April 4-11 and has a margin of error of plus or minus 1.2 percentage points. Full data results will not be published on NRF.com but news media and analysts who require additional information can contact press@nrf.com.

About Prosper Insights & Analytics
Prosper Insights & Analytics delivers executives timely, consumer-centric insights from multiple sources. As a comprehensive resource of information, Prosper represents the voice of the consumer and provides knowledge to marketers regarding consumer views on the economy, personal finance, retail, lifestyle, media and domestic and world issues. www.ProsperDiscovery.com

About NRF
NRF is the world’s largest retail trade association, representing discount and department stores, home goods and specialty stores, Main Street merchants, grocers, wholesalers, chain restaurants and Internet retailers from the United States and more than 45 countries. Retail is the nation’s largest private sector employer, supporting one in four U.S. jobs — 42 million working Americans. Contributing $2.6 trillion to annual GDP, retail is a daily barometer for the nation’s economy.

SOURCE: NRF

Ana Serafin Smith
(202) 626-8189
press@nrf.com
(855) NRF-Press

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Americans Expected to Spend More On Late Easter Celebrations

WASHINGTON, 2017-Mar-27 — /EPR Retail News/ — Americans will spend more than ever as they celebrate Easter nearly three weeks later this year than last, the National Retail Federation said today (March 23, 2017). According to NRF’s annual survey conducted by Prosper Insights & Analytics, spending for Easter is expected to reach $18.4 billion, up 6 percent over last year’s record $17.3 billion and a new all-time high in the survey’s 14-year history. Those celebrating plan to spend an average of $152 per person, up 4 percent from last year’s previous record of $146.

“Most consumers have almost an entire extra month to shop for Easter this year, and by the time the holiday comes the weather should be significantly warmer than last Easter,” NRF President and CEO Matthew Shay said. “That should put shoppers in the frame of mind to splurge on spring apparel along with Easter decorations. With the economy improving, consumers are ready to shop and retailers are ready to offer great deals whether they’re buying Easter baskets or garden tools.”

According to the survey, consumers will spend $5.8 billion on food (purchased by 87 percent of shoppers), $3.3 billion on clothing (50 percent), $2.9 billion on gifts (61 percent), $2.6 billion on candy (89 percent), $1.2 billion on flowers (39 percent), $1.1 billion on decorations (43 percent) and $788 million on greeting cards (48 percent).

The 50 percent of consumers planning to buy clothing is up from 45 percent last year and is the highest level in a decade while the $3.3 billion expected to be spent is up 9 percent from last year.

With shopping lists in hand, 58 percent of consumers will head to discount stores, 46 percent will go to department stores and 26 percent will shop at local small businesses. In addition, 27 percent will shop online, up from 21 percent last year. Among smartphone owners, 28 percent will research products on their devices while 18 percent will use their phones to make a purchase, while another 9 percent will use apps to do their research or purchase products.

“Easter continues to be a traditional holiday for consumers of all ages, especially young families who are planning to spend a bit more for this celebration,” Prosper Principal Analyst Pam Goodfellow said. “With the later timing of Easter, we will see more consumers shopping for special deals, especially on apparel and decorations.”

Consumers plan to celebrate Easter in several different ways: 61 percent will visit family and friends, 57 percent will cook a holiday meal, 52 percent will go to church and 17 percent will go to a restaurant. Children will have plenty to look forward to after the Easter Bunny arrives: 35 percent of consumers will have an Easter egg hunt and 16 percent will open gifts. In addition, some consumers will celebrate with more leisurely activities: 43 percent will watch TV, 10 percent will shop online and 9 percent will head to the movies or shop in a store.

The survey, which asked 7,411 consumers about their Easter Sunday plans, was conducted March 1-9 and has a margin of error of plus or minus 1.2 percentage points. Full data results will not be published on NRF.com but news media and analysts who require additional information can contact press@nrf.com.

About Prosper Insights & Analytics
Prosper Insights & Analytics delivers executives timely, consumer-centric insights from multiple sources. As a comprehensive resource of information, Prosper represents the voice of the consumer and provides knowledge to marketers regarding consumer views on the economy, personal finance, retail, lifestyle, media and domestic and world issues. www.ProsperDiscovery.com

About NRF
NRF is the world’s largest retail trade association, representing discount and department stores, home goods and specialty stores, Main Street merchants, grocers, wholesalers, chain restaurants and Internet retailers from the United States and more than 45 countries. Retail is the nation’s largest private sector employer, supporting one in four U.S. jobs — 42 million working Americans. Contributing $2.6 trillion to annual GDP, retail is a daily barometer for the nation’s economy.

Contact:

Ana Serafin Smith
(202) 626-8189
press@nrf.com
(855) NRF-Press

Source: NRF

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FMI and NRF to combine existing risk and safety signature events into one cross-industry gathering

ORLANDO, 2017-Mar-23 — /EPR Retail News/ — The Food Marketing Institute (FMI) and the National Retail Federation (NRF) will partner on PROTECT in 2018, according to a live joint announcement made today (March 21, 2017) at the Audit, Safety, Asset Protection Conference in Orlando. The two associations will combine their existing risk and safety signature events into one cross-industry gathering starting in 2018.

The association executives for each group offered the following statements about the future of their working relationship and meeting the specialized needs of loss prevention, risk and safety, organized retail crime investigators, risk management and retail operations professionals:

FMI President and CEO Leslie G. Sarasin said, “Respecting the changing grocery landscape and the intense consolidation our industry has witnessed over the last several years, our trade groups are making similar strategic decisions to maximize efficiencies and deliver greater value to the audiences we serve. Our partnership with NRF on PROTECT 2018 will afford our food retail members the opportunity to expand their horizons, network in a larger sphere and get at the root of what they seek to do best – mitigate risk.”

NRF President and CEO Matthew Shay said, “Securing retail brands, assets, people and profits is the essence of PROTECT’s brand promise. We are enthusiastic to amplify the sphere of influence of this gathering and ultimately help deliver the resources and information necessary to safeguard, prepare, protect and defend the nation’s commerce streams.”

More information about PROTECT in Dallas on June 11-18, 2018 will be forthcoming at this year’s PROTECT being held at the Gaylord in Washington DC June 26 -28.

About FMI
Food Marketing Institute proudly advocates on behalf of the food retail industry. FMI’s U.S. members operate nearly 40,000 retail food stores and 25,000 pharmacies, representing a combined annual sales volume of almost $770 billion. Through programs in public affairs, food safety, research, education and industry relations, FMI offers resources and provides valuable benefits to more than 1,225 food retail and wholesale member companies in the United States and around the world. FMI membership covers the spectrum of diverse venues where food is sold, including single owner grocery stores, large multi-store supermarket chains and mixed retail stores. For more information, visit www.fmi.org; for information regarding the FMI foundation, visit www.fmifoundation.org.

About NRF
NRF is the world’s largest retail trade association, representing discount and department stores, home goods and specialty stores, Main Street merchants, grocers, wholesalers, chain restaurants and Internet retailers from the United States and more than 45 countries. Retail is the nation’s largest private sector employer, supporting one in four U.S. jobs — 42 million working Americans. Contributing $2.6 trillion to annual GDP, retail is a daily barometer for the nation’s economy.

Contact:
Ana Serafin Smith
(202) 626-8189
press@nrf.com
(855) NRF-Press

Source: NRF

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NRF: St. Patrick’s Day spending expected to reach an all-time high

WASHINGTON, 2017-Mar-09 — /EPR Retail News/ — Americans will spend more than ever as they put on their favorite green outfits to celebrate St. Patrick’s Day this year, the National Retail Federation said today (March 8, 2017). According to NRF’s annual survey conducted by Prosper Insights & Analytics, spending for St. Patrick’s Day is expected to reach $5.3 billion, an all-time high in the survey’s 13-year history.

More than 139 million Americans plan to celebrate the Irish holiday, and are expected to spend an average of $37.92 per person, up from last year’s $35.37 and a new record that tops the previous record of $36.52 set in 2015. The $5.3 billion total is up dramatically from last year’s $4.4 billion and tops the previous record of $4.8 billion set in 2014.

“Now that winter is almost behind us and with St. Patrick’s Day falling on a Friday, we will see more Americans getting together to celebrate with friends and family,” NRF President and CEO Matthew Shay said. “Retailers should expect a nice boost in sales as consumers purchase apparel, decorations, food and beverages to help make their celebrations special.”

According to the survey, 83 percent of celebrants will wear green to show their Irish pride, 31 percent plan to make a special dinner and 27 percent will head to a party at a bar or restaurant. Twenty-three percent will decorate their homes or offices in an Irish theme and 15 percent will attend a private party. In addition, 15 percent are planning to attend a St. Patrick’s Day parade, especially those living in the Northeast (21 percent).

The survey found that 52 percent of celebrants will purchase food, 41 percent beverages, 28 percent apparel or accessories, 22 percent decorations and 14 percent buy candy. Of those making purchases, 39 percent will go to grocery stores, 29 percent to discount stores, 21 percent to bars/restaurants and 18 percent to department stores.

“St. Patrick’s Day is a time for consumers of all ages to have fun and celebrate all things Irish whether it is attending a parade, cooking an Irish meal, or meeting friends at a bar or restaurant,” Prosper Insights Principal Analyst Pam Goodfellow said. “While more Americans are planning to celebrate the shamrock-filled day, expect Millennials to take the lead among the festivities.”

The holiday is most popular among individuals 18-24 years old, with 77 percent celebrating, but those 25-34 will be the biggest spenders at an average $46.55.

The survey, which asked 7,609 consumers about their St. Patrick’s Day plans, was conducted February 1-8 and has a margin of error of plus or minus 1.1 percentage points. Full data results will not be published on NRF.com but news media and analysts who require additional information can contact press@nrf.com.

About Prosper Insights & Analytics
Prosper Insights & Analytics delivers executives timely, consumer-centric insights from multiple sources. As a comprehensive resource of information, Prosper represents the voice of the consumer and provides knowledge to marketers regarding consumer views on the economy, personal finance, retail, lifestyle, media and domestic and world issues. www.ProsperDiscovery.com

About NRF
NRF is the world’s largest retail trade association, representing discount and department stores, home goods and specialty stores, Main Street merchants, grocers, wholesalers, chain restaurants and Internet retailers from the United States and more than 45 countries. Retail is the nation’s largest private sector employer, supporting one in four U.S. jobs — 42 million working Americans. Contributing $2.6 trillion to annual GDP, retail is a daily barometer for the nation’s economy.

Contact:

Ana Serafin Smith
(202) 626-8189
press@nrf.com
(855) NRF-Press

Source: NRF

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The National Retail Federation releases its economic forecast for 2017

WASHINGTON, 2017-Feb-09 — /EPR Retail News/ — The National Retail Federation today (February 8, 2017) released its economic forecast for 2017, projecting that retail industry sales, which exclude automobiles, gasoline stations and restaurants, will grow between 3.7 and 4.2 percent over 2016. Online and other non-store/online sales, which are included in the overall number, are expected to increase between 8 and 12 percent.

“The economy is on firm ground as we head into 2017 and is expected to build on the momentum we saw late last year,” NRF President and CEO Matthew Shay said. “With jobs and income growing and debt relatively low, the fundamentals are in place and the consumer is in the driver’s seat. But this year is unlike any other – while consumers have strength they haven’t had in the past, they will remain hesitant to spend until they have more certainty about policy changes on taxes, trade and other issues being debated in Congress.

“Lawmakers should take note and stand firm against any policies, rules or regulations that would increase the cost of everyday goods for American consumers,” Shay said.

“Prospects for consumer spending are straightforward – more jobs and more income will result in more spending,” NRF Chief Economist Jack Kleinhenz said. “Regardless of sentiment, the pace of wage growth and job creation dictate spending. Our forecast represents a baseline for the year, but potential fiscal policy changes could impact consumers and the economy. It seems unlikely that businesses will notably increase investment until tax reform and trade policies are well-defined.”

“It is clear that online sales will continue to expand in 2017 and provide growth for the retail industry,” Kleinhenz said. “But it is important to realize that virtually major retailer sells online and many of those sales will be made by discount stores, department stores and other traditional retailers. Retailers sell to consumers however they want to buy, whether it’s in-store, online or mobile.”

Additional Economic Insights:

  • The economy is expected to gain an average of approximately 160,000 jobs a month. The number is down slightly from 2016 but consistent with labor market growth.
  • Unemployment is expected to drop to 4.6 percent by the end of the year.
  • Economic growth is likely to be in the range of 1.9 to 2.4 percent.
  • The forecast is a baseline, and does not take into account new fiscal measures pending in Washington.

Retail industry sales as defined by NRF include most traditional retail categories including non-store sales, discounters, department stores, grocery stores, specialty stores, and auto parts and accessories stores but exclude sales at automotive dealers, gasoline stations, and restaurants. Non-store/online sales include online sales, kiosks, catalogs, etc. and are a breakout of the overall number.

NRF is the world’s largest retail trade association, representing discount and department stores, home goods and specialty stores, Main Street merchants, grocers, wholesalers, chain restaurants and Internet retailers from the United States and more than 45 countries. Retail is the nation’s largest private sector employer, supporting one in four U.S. jobs – 42 million working Americans. Contributing $2.6 trillion to annual GDP, retail is a daily barometer for the nation’s economy.

Contact:
Treacy Reynolds
press@nrf.com
(855) NRF-Press

Source: NRF

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NRF and Prosper Insights & Analytics: Valentine’s Day total spending expected to reach $18.2 billion, down from $19.7 billion last year

WASHINGTON, 2017-Feb-03 — /EPR Retail News/ — After a decade-long increase in Valentine’s Day spending is expected to finally see a market correction this year, according to the annual survey released today (February 1, 2017) by the National Retail Federation and Prosper Insights & Analytics.

U.S. consumers are expected to spend an average $136.57, down from last year’s record-high $146.84. Total spending is expected to reach $18.2 billion, down from $19.7 billion last year, which was also a record.

“Valentine’s Day continues to be a popular gift-giving occasion even if consumers are being more frugal this year,” NRF President and CEO Matthew Shay said. “This is one day of the year when millions find a way to show their loved ones they care regardless of their budget. Consumers will find that retailers recognize that their customers are looking for the best deals and will offer good bargains just as they did during the holiday season.”

Starting at an average $119.67 for a total of $16.9 billion in 2007, Valentine’s spending grew most years over the past decade before hitting last year’s record. But the number of people surveyed who plan to celebrate the holiday has dropped by nearly 10 percentage points over the same period from 63 percent in 2007 to 54 percent this year.

This year’s survey found consumers plan to spend an average $85.21 on their significant other/spouse, $26.59 on other family members such as children or parents, $6.56 on children’s classmates/teachers, $6.51 on friends, $4.27 on co-workers, and $4.44 on pets.

Consumers plan to spend $4.3 billion on jewelry (given by 19 percent of shoppers), $3.8 billion on an evening out (37 percent), $2 billion on flowers (35 percent), $1.9 billion on clothing (19 percent), $1.7 billion on candy (50 percent), $1.4 billion on gift cards/gift certificates (16 percent) and $1 billion on greeting cards (47 percent).

Also popular this year are “gifts of experience” such as tickets to a concert or sporting event, a gym membership or an outdoor adventure. While 40 percent of consumers want an experience gift, only 24 percent plan to give one.

Consumers plan to shop at department stores (35 percent), discount stores (32 percent), online (27 percent), specialty stores (18 percent), florists (18 percent), and local small businesses (15 percent).

“While fewer are planning to celebrate Valentine’s Day this year, millions of shoppers will still make room in their budgets to spoil their loved ones,” Prosper Principal Analyst Pam Goodfellow said. “Consumers can expect promotions on everything from flowers to date-night dinner packages in the coming days, leaving plenty of ideas for those looking to spoil their Valentines.”

The survey, which asked 7,591 consumers about their Valentine’s Day plans, was conducted January 4-11 and has a margin of error of plus or minus 1.1 percentage points. Full data results will not be published on NRF.com but news media and analysts who require additional information can contact press@nrf.com.

About Prosper Insights & Analytics
Prosper Insights & Analytics delivers executives timely, consumer-centric insights from multiple sources. As a comprehensive resource of information, Prosper represents the voice of the consumer and provides knowledge to marketers regarding consumer views on the economy, personal finance, retail, lifestyle, media and domestic and world issues. www.ProsperDiscovery.com

About NRF
NRF is the world’s largest retail trade association, representing discount and department stores, home goods and specialty stores, Main Street merchants, grocers, wholesalers, chain restaurants and Internet retailers from the United States and more than 45 countries. Retail is the nation’s largest private sector employer, supporting one in four U.S. jobs — 42 million working Americans. Contributing $2.6 trillion to annual GDP, retail is a daily barometer for the nation’s economy.

Contact:

Ana Serafin Smith
(202) 626-8189
press@nrf.com
(855) NRF-Press

Source: NRF

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NRF Survey: American consumers will spend $14.1 billion to watch the Atlanta Falcons face the New England Patriots

Washington, 2017-Jan-26 — /EPR Retail News/ — American consumers will spend an average of $75 for a total of $14.1 billion as an estimated 188.5 million watch the Atlanta Falcons face the New England Patriots in Super Bowl LI on February 5, according to the National Retail Federation’s annual Super Bowl Spending Survey conducted by Prosper Insights & Analytics. Viewership is about the same as last year’s 188.9 million but the spending is down from an average of $82 and a total of $15.5 billion.

“With the holidays past us, consumers are looking forward to spending time with friends and family for some good old-fashioned fun to celebrate the big game” NRF President and CEO Matthew Shay said. “Retailers will help fans prepare by making sure they are well stocked on decorations, party food, accessories and other Super Bowl necessities.”

Of the 76 percent of those surveyed who plan to watch the game, 80 percent say they will purchase food and beverages, 11 percent will buy team apparel or accessories, and 8 percent will splurge on new televisions to watch the game at home.

According to the survey, the 45 million people hosting a Super Bowl party should expect a full house, with 27 percent of those surveyed planning to attend a party to celebrate the big game. Bars and restaurants can also expect a good turnout with 12.4 million people planning to head out to watch at their favorite local spot.

Over 43 percent of viewers say the most important part is the game itself, 24 percent cite the commercials,15 percent want to hang out with friends, and 12 percent of say the half-time show is their top highlight.

The survey also found that 78 percent of viewers watch the commercials for entertainment and 18 percent say they make them more aware of the advertiser’s brand, but only 10 percent say the commercials influence them to purchase products. Sixteen percent say advertisers should save their money and pass the savings along to the consumers, and 10 percent say the commercials make the game last too long.

“As a favorite American past-time, the Super Bowl is a great chance for viewers to reconnect with friends and family after having a nice break after the holiday season,” Prosper Principal Analyst Pam Goodfellow said. “Even though the number of viewers is slightly down this year, plenty are still planning to enjoy the day by watching it at their favorite bar or friend’s place, wearing their lucky jerseys and hoping their favorite team wins.”

The survey, which asked 7,591 consumers about their Super Bowl plans, was conducted January 4 -11 and has a margin of error of plus or minus 1.1 percentage points. Full data results will not be published on NRF.com but news media and analysts who require additional information can contact press@nrf.com.

About Prosper Insights & Analytics
Prosper Insights & Analytics delivers executives timely, consumer-centric insights from multiple sources. As a comprehensive resource of information, Prosper represents the voice of the consumer and provides knowledge to marketers regarding consumer views on the economy, personal finance, retail, lifestyle, media and domestic and world issues. www.ProsperDiscovery.com

About NRF
NRF is the world’s largest retail trade association, representing discount and department stores, home goods and specialty stores, Main Street merchants, grocers, wholesalers, chain restaurants and Internet retailers from the United States and more than 45 countries. Retail is the nation’s largest private sector employer, supporting one in four U.S. jobs — 42 million working Americans. Contributing $2.6 trillion to annual GDP, retail is a daily barometer for the nation’s economy.

Contact:
Ana Serafin Smith
(202) 626-8189
press@nrf.com
(855) NRF-Press

Source: NRF

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HSNi CEO Mindy Grossman elected chairman of the NRF Board of Directors

NEW YORK, 2017-Jan-19 — /EPR Retail News/ — The National Retail Federation today (January 17, 2017) announced that HSNi CEO Mindy Grossman has been elected chairman of the NRF Board of Directors, succeeding Kip Tindell, co-founder and chairman of The Container Store. In addition, eight new members have been elected to the board, and Neiman Marcus Group President and CEO Karen Katz has been named chair of the NRF Foundation.

“As the leader of a company that has pioneered the new frontiers of retail, Mindy Grossman represents the future of our industry but also understands and values its roots,” NRF President and CEO Matthew Shay said. “Along with our new board members, she is the right leader at the right time as retail continues to evolve, innovate and meet new challenges both in the business world and the public policy arena.”

“Retail has always been a rapidly evolving business and that has never been more true than today,” Grossman said. “NRF is a vital organization for tapping into the best and brightest ideas and then disseminating that thought leadership throughout the industry. These are exciting times to be in retail and I look forward to serving the industry in this new role.”

Grossman, who will serve a two-year-term, was elected as the board held its annual winter meeting in New York on Sunday as part of Retail’s BIG Show. Katz, who will also serve for two years, will succeed Grossman as vice chair of the NRF board in addition to chairing the Foundation.

“Karen Katz has a deep commitment to the mission of the NRF Foundation and its focus on retail careers,” Shay said. “Her leadership will be a vital factor as the foundation works to shine a spotlight on the wide range of exciting professional careers available in retail and to prepare young people to enter this dynamic industry.”

“Retail is one of the best places to work whether you’re looking for a part-time job or a lifelong career,” Katz said. “The NRF Foundation is working hard to make sure everyone from college students to Congress knows about the range of opportunities available in our industry and I’m excited to be a part of that.”

New members of the board include:

  • North Carolina Retail Merchants Association President and CEO Andy Ellen
  • eBags Co-Founder and Executive Vice President Peter Cobb
  • Westfield Retail Solutions President Don Kingsborough
  • Google Inc. Vice President of U.S. Sales John McAteer
  • IBM Vice President and General Manager-Global Consumer Industry Steve Laughlin
  • Ashley Stewart Inc. Executive Chairman and CEO James Rhee
  • Deloitte Consulting LLP Vice Chairman-U.S. Retail and Distribution Leader Rodney Sides
  • Sephora Americas President and CEO Calvin McDonald

NRF is the world’s largest retail trade association, representing discount and department stores, home goods and specialty stores, Main Street merchants, grocers, wholesalers, chain restaurants and Internet retailers from the United States and more than 45 countries. Retail is the nation’s largest private sector employer, supporting one in four U.S. jobs – 42 million working Americans. Contributing $2.6 trillion to annual GDP, retail is a daily barometer for the nation’s economy. NRF.com

Contact:
Treacy Reynolds
press@nrf.com
(855) NRF-Press

Source: NRF

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IBM and NRF study: Generation Z still prefer to shop in bricks-and-mortar stores

Washington, 2017-Jan-13 — /EPR Retail News/ — Despite expectations that the first “digitally native” generation would want to shop online, a new study released today (January 12, 2017) by IBM (NYSE: IBM) and the National Retail Federation found that almost all members of Generation Z prefer to shop in bricks-and-mortar stores. With the global Gen Z population set to reach 2.6 billion by 2020, retailers need to create more interactive engagement around their brands to serve the “always on,” mobile-focused, high-spending demographic, according to the study.

“Generation Z expects technology to be intuitive, relevant and engaging — their last great experience is their new expectation,” IBM General Manager of Global Consumer Industries Steve Laughlin said. “This presents a significant challenge for retailers and brands to create a personalized, interactive experience with the latest digital advances or risk falling behind. This kind of innovation is not linear or a one-time project — it is a new way of thinking, operating and behaving.”

“Just as Millennials overtook Gen X, there’s another big buying group retailers need to plan for, and it’s even larger: Generation Z,” NRF President and CEO Matthew Shay said. “They appreciate the hands-on experience of shopping in a store. With technology constantly evolving but some shopping habits remaining the same, retailers need to be agile enough to serve both needs. Retailers are constantly focused on experimenting with new innovations both online and in-store to remain relevant to evolving consumer demand.”

Released just ahead of NRF’s 106th annual Retail’s BIG Show next week in New York, the “Uniquely Gen Z” study conducted by the IBM Institute for Business Value is based on findings from more than 15,000 consumers aged 13-21 from 16 countries.

Born after the mid-1990’s till early 2000s, Generation Z is the first “digitally native” group to grow up not knowing a world before cellular phones, smartphones and other digital devices. But the study found that 67 percent of Generation Z shop in a bricks-and-mortar store most of the time, with another 31 percent shopping in-store sometimes, indicating that 98 percent of Gen Z shop in store.

The new generation is important to retailers because it has access to $44 billion in buying power, with 75 percent saying they spend more than half of the money that is available to them each month, according to the study. And the generation is demanding: the study found 52 percent of Gen Z consumers will transfer loyalty from one brand to another if the brand’s quality is not up to par. They care the most about retailers getting the basics right, with 66 percent saying product quality and availability are the most important factors when choosing one brand over another; 65 percent focus on value.

The study found 74 percent of respondents spend their free time online, with 25 percent online five hours or more each day. The degree to which in-store sales are influenced by digital is inevitable in today’s shopping journey — and continues to grow. The study discovered a number of insights into Gen Z’s digital habits and preferences brands can leverage to reach them:

  • 73 percent of Gen Z use their phones primarily to text and chat socially with family and friends, but members are willing to extend their conversations to brand relationships.
    • 36 percent would create digital content for a brand, 42 percent would participate in an online game for a campaign and 43 percent would participate in a product review.
  • They have no patience for hard-to-use technology and demand a seamless mobile/digital experience.
    • 62 percent will not use apps or websites that are difficult to navigate and 60 percent will not use apps or websites that are slow to load.
  • Gen Z knows personal information is valuable to retailers, so members want to know how brands are using it and how the information will be protected.
    • Less than 30 percent are willing to share health and wellness, location, personal life or payment information; 61 percent would feel better sharing personal information if they knew it would be securely stored and protected.

The study found that Generation Z consumers like to engage with brands online, especially with those that create an interactive environment where customers can shape their own experience. As retailers develop and engage in such practices, they will be able to capture Gen Z ideas for new products, services, engagement and shopping experiences, the study said. The generation is known to be brand champions both online and offline, especially when brands acknowledge and value their opinions.

IBM IBV Lead Researcher Jane Cheung and STORES Magazine Editor Susan Reda, along with two Generation Z students from the Fashion Institute of Technology’s Fashion Business Management (FBM) program, will participate in a live online discussion of the study’s findings at 11 a.m. Eastern time on Friday. Reporters can watch the discussion at https://zoom.us/j/719741456.

About IBM Institute for Business Value
For more information, http://www.ibm.com/iibv
Download the IBM IBV app from iTunes and Android Market

About IBM Retail
For more information about IBM Retail: https://www-935.ibm.com/industries/retail/

For more information about IBM Consumer Products:  https://www-935.ibm.com/industries/consumerproducts/

About NRF
NRF is the world’s largest retail trade association, representing discount and department stores, home goods and specialty stores, Main Street merchants, grocers, wholesalers, chain restaurants and Internet retailers from the United States and more than 45 countries. Retail is the nation’s largest private sector employer, supporting one in four U.S. jobs — 42 million working Americans. Contributing $2.6 trillion to annual GDP, retail is a daily barometer for the nation’s economy. nrf.com

About the Fashion Institute of Technology (FIT)
The Fashion Institute of Technology, a part of the State University of New York, has been a leader in career education in art, design, business, and technology for more than 70 years. With a curriculum that provides a singular blend of hands-on, practical experience, classroom study, and a firm grounding in the liberal arts, FIT offers a wide range of outstanding programs that are affordable and relevant to today’s rapidly changing industries. Internationally renowned, FIT draws on its New York City location to provide a vibrant, creative community in which to learn. The college offers more than 50 majors and grants AAS, BFA, BS, MA, MFA, and MPS degrees, preparing students for professional success and leadership in the global marketplace. Among notable alumni in fashion are Calvin Klein, Michael Kors, Amsale Aberra, Reem Acra, Brian Atwood, Dennis Basso, Francisco Costa, Norma Kamali, Nanette Lepore, Bibhu Mohapatra, Ralph Rucci, John Bartlett, and Michelle Smith. Other prominent graduates include Leslie Blodgett, creator of bareMinerals; international restaurant designer Tony Chi; Nina Garcia, creative director, Marie Claire; and Joe Zee, executive creative officer, Yahoo Style. Embodying the mantra “where fashion meets business,” the Fashion Business Management (FBM) program at FIT is the largest and oldest degree program of its kind in the country. Blending a curriculum of design knowledge and business practices, students study fashion marketing, product development, planning, and fashion management, and can earn a one- or two-year AAS degree, and a two-year BFA degree. Visit fitnyc.edu.

Contact:

Ana Serafin Smith
(202) 626-8189
press@nrf.com
(855) NRF-Press

Source: NRF

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National Retail Federation to name Nike Chairman, President and CEO Mark Parker The Visionary 2017

Washington, 2016-Dec-22 — /EPR Retail News/ — The National Retail Federation today (December 19, 2016) announced that it will name Nike Chairman, President and CEO Mark Parker “The Visionary,” a new honor intended to recognize outstanding retail industry leaders, during the 2017 NRF Foundation Gala January 15 in New York City.

“There aren’t many trailblazers like Mark Parker in the retail industry or the entire business world,” NRF President and CEO Matthew Shay said. “Here’s a guy who took his love for running and footwear design and turned it into a successful career with one of the most iconic brands of our time. He is a leader, an innovator and a designer, and he epitomizes everything The Visionary stands for.”

NRF this year consolidated its former Gold Medal, Innovator of the Year and International Retailer of theYear — the most prestigious honors in the retail industry —  into The Visionary award. The Visionary will be awarded annually to an inspiring leader with a long record of spearheading change in the industry. Each year, prominent retail executives will identify an individual who is a disruptor, dreamer, giver, influencer and power player who has changed and continues to transform the landscape of retail in a monumental way.

“I’m honored and humbled to receive this special recognition from NRF, and I’m proud to be part of the team that is leading the transformation of sport retail,” Nike Chairman, President and CEO Mark Parker said. “With innovative retail experiences around the globe, we want consumers to get the very best of Nike in both our own stores and from our wholesale partners. Being a better retailer makes us a better partner, company and Brand, and allows us to deliver on our promise to personalize performance for every athlete, everywhere.”

Parker joined Nike as a footwear designer in 1979 and has been at the center of Nike’s innovation ever since. In his more than 30 years with the company, Parker has served as vice president of consumer product marketing, vice president of global footwear Parker has more than doubled Nike’s revenue.

During Parker’s tenure, he has developed several industry breakthroughs — including Nike Air, Nike Lunarlon, Nike Flyknit and Dri-FIT. This year, Parker played a key design role on the Nike HyperAdapt 1.0, the first-ever self-lacing shoe.

At the same time, Parker has accelerated innovation and growth across the entire company. Nike has formed partnerships with the NFL, MLB and U.S. Olympic Committee, and next year, will become the official apparel provider of the NBA. Through the Nike+ ecosystem, Parker has overseen Nike’s digital investments from the Apple Watch Nike+ to the expansion of Nike.com to more than 40 countries. And, despite the company’s global growth, Parker has committed to a bold sustainability goal: to double Nike’s business while halving its environmental impact.

Parker will be recognized during the NRF Foundation Gala, an annual event where retail leaders unite to celebrate the industry, support the next generation of talent and recognize the achievements of the people shaping retail today and who invest in tomorrow by giving back. Parker will be one of many retail leaders present at the event, including 2017 honorees on The List of People Shaping Retail’s Future.

The second annual NRF Foundation Gala in January 2016 raised $1.65 million for scholarships, programs and initiatives. Those seeking to participate in the Gala can find more information at nrf.com/gala. Media interested in covering the event should contact NRF’s media team at press@nrf.com.

About NRF
NRF is the world’s largest retail trade association, representing discount and department stores, home goods and specialty stores, Main Street merchants, grocers, wholesalers, chain restaurants and Internet retailers from the United States and more than 45 countries. Retail is the nation’s largest private sector employer, supporting one in four U.S. jobs — 42 million working Americans. Contributing $2.6 trillion to annual GDP, retail is a daily barometer for the nation’s economy.

About NIKE, Inc.
NIKE Inc., based near Beaverton, Ore., is the world’s leading designer, marketer and distributor of authentic athletic footwear, apparel, equipment and accessories for a wide variety of sports and fitness activities. Wholly owned NIKE Inc. subsidiaries include Converse Inc., which designs, markets and distributes athletic lifestyle footwear, apparel and accessories; and Hurley International LLC, which designs, markets and distributes surf and youth lifestyle footwear, apparel and accessories. For more information, Nike’s earnings releases and other financial information are available at http://investors.nike.com. Individuals can also visit http://news.nike.com and follow @Nike.

Contact:

Ana Serafin Smith
(202) 626-8189
press@nrf.com
(855) NRF-Press

Source: NRF

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NRF and Prosper Insights & Analytics survey: 156 million Americans consider taking advantage of Super Saturday sales

Washington, 2016-Dec-20 — /EPR Retail News/ — The biggest shopping day of the holiday season is approaching, with 66 percent of Americans – an estimated 155.7 million people – planning to or considering taking advantage of Super Saturday sales to complete their holiday gift list, according to the annual survey released today by the National Retail Federation and Prosper Insights & Analytics.

For the first time in survey history, consumers were asked if they are planning to or considering shopping on Super Saturday, December 17. The survey found that more people said they planned to shop on Super Saturday than those who said they planned to shop over Thanksgiving Weekend, in an earlier survey.

“While many consumers got a head start with holiday shopping by taking advantage of extraordinary sales over Thanksgiving weekend, more shopping and great deals are yet to come,” NRF President and CEO Matthew Shay said. “We expect retailers will once again be competitive on price and value options in the final stretch, especially on Super Saturday.”

Though millions of people got a jump start on their holiday shopping, millions more still have plenty of items on their lists. Similar to previous years, only one in 10 have finished their holiday shopping – 24 million people; that means 90 percent of holiday shoppers have gifts, food, décor and/or other holiday items still to buy. The average holiday shopper has completed 52.5 percent of their shopping, down from last year’s 53.5 percent.

The survey revealed of those consumers that have completed half or less of their holiday shopping say it is because they are still deciding what to buy (44.7 percent) or waiting for requests from loved ones (27.2 percent). While 27 percent have other financial priorities before December and 25 percent said they are too busy with other activities which have delayed/restricted their time to shop for the holidays.

When it comes to when consumers are planning to purchase their last holiday gift, more than 38 percent said sometime before December 18th, up from 33 percent last year. Although 12 percent of consumers said that they are planning to wait until December 23rd.

Last-minute shoppers are planning to purchase their gifts online (52 percent), department stores (42 percent), discount stores (27 percent), clothing or accessories stores (21 percent), electronics stores (18 percent), local/small business (14 percent) and grocery/supermarket stores (13 percent).

“Even though there is still a lot of shopping left for the season, we are seeing Millennials continue the trend of an optimistic outlook heading into the final stretch,” Prosper’s Principal Analyst Pam Goodfellow said. “Although they tend to be most conservative holiday spenders, nearly half of those 18 to 24 say they are planning to spend ‘more’ this year compared to last, significantly higher than their older counterparts.”

As far as the kind of gifts consumers have purchased this season, the survey found 50 percent purchased clothing or clothing accessories, 36 percent toys, 34 percent gift cards/gift certificates, 33 percent books, CDs, DVDs, videos or video games, and 23 percent consumer electronics or computer-related accessories.

Also popular this year are gifts of experience such as tickets to a sporting event, cheese of the month club or an adventure outing like whitewater rafting. The survey found that 23 percent of consumers are planning to give a gift of experience, up from 22 percent last year. While 38 percent of consumers would love to receive a gift of experience, up from 37 percent last year.

Consumers receiving gift cards this holiday season will watch for a really good sale or promotion to maximize the value of the gift card (41 percent) and 22 percent will use their gift card as quickly as possible, up from 20 percent last year. While 19 percent of consumers say they will save their gift card for a rainy day or sometime when they feel they need to treat themselves.

Although consumers are getting ready to complete their holiday shopping within the next week, 48 percent of consumers are planning to take advantage of in-store after-Christmas sales (up from 47 percent last year) and 44 percent are planning to shop online (up from 43 percent last year).

The survey, which asked 6,890 consumers about holiday shopping plans, was conducted December 1 – 7 and has a margin of error of plus or minus 1.2 percentage points.

Full data results will not be published on NRF.com. News media and analysts who require additional information can contact press@nrf.com.

About Prosper Insights & Analytics
Prosper Insights & Analytics delivers executives timely, consumer-centric insights from multiple sources. As a comprehensive resource of information, Prosper represents the voice of the consumer and provides knowledge to marketers regarding consumer views on the economy, personal finance, retail, lifestyle, media and domestic and world issues. www.ProsperDiscovery.com

About NRF
NRF is the world’s largest retail trade association, representing discount and department stores, home goods and specialty stores, Main Street merchants, grocers, wholesalers, chain restaurants and Internet retailers from the United States and more than 45 countries. Retail is the nation’s largest private sector employer, supporting one in four U.S. jobs — 42 million working Americans. Contributing $2.6 trillion to annual GDP, retail is a daily barometer for the nation’s economy.

Contact:

Ana Serafin Smith
(202) 626-8189
press@nrf.com
(855) NRF-Press

Source: NRF

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NRF: 122 million Americans plan to shop online on Cyber Monday, up from 121 million who planned to participate last year

WASHINGTON, 2016-Nov-28 — /EPR Retail News/ — Early season online deals captured consumers’ attention this year, allowing many to shop online ahead of Cyber Monday. According to the National Retail Federation’s Cyber Monday Expectations Survey conducted by Prosper Insights & Analytics over the weekend, 122 million Americans plan to shop online on Cyber Monday, up from the 121 million who planned to participate last year.

“On Cyber Monday, retailers deliver online discounts unlike any other day of the year—driving consumers to shop online no matter where they are or what device they’re shopping from,” NRF President and CEO Matthew Shay said. “Millions of consumers shopped over Thanksgiving weekend and reserved a portion of their budgets exclusively for Cyber Monday, knowing that there will be digital deals that are too good to pass up.”

More than 28 million people, or 23 percent of Cyber Monday shoppers, plan to shop for Cyber Monday deals from their mobile device this year, about even with last year’s 29.6 million. More than eight in 10— 98.6 million people, will use their computers at home to shop on Monday, while 11.2 million will shop from their computers at work.

On Cyber Monday, retailers offer deals around the clock and consumers know to check-in with their favorite retailers early and often to find the deals they’re looking for. Early morning remains the busiest time for online shopping—38.9 percent of those shopping on Cyber Monday will shop first thing in the morning, while 33.9 percent will shop late in the morning, 16 percent will shop over lunch and 31 percent will shop in the early afternoon.

“Shopping online is more convenient than ever before—while travelling, emailing or relaxing at home, we’re seeing consumers of all ages researching and shopping for online deals,” said Prosper’s Principal Analyst Pam Goodfellow. “Cyber Monday deals have become something that smart shoppers rely on, and this year is no different. Consumers wake up early ready to shop at their favorite retailers for the items they’ve had their eye on all season.”

Press interested in video clips on the holiday survey can download an interview with Ana Serafin Smith, NRF Senior Director for Media Relations. Download mp4

Retailers Participating in CyberMonday.com Deals of the Hour on Cyber Monday

CyberMonday.com, which features holiday promotions and special savings from hundreds of retail companies, was created by retailers as a one-stop shop for consumers looking for the best Cyber Monday promotions. In addition to hundreds of special offers, some exclusive to CyberMonday.com, the site will feature a Deal of the Hour every hour. Retailers participating in the Cyber Monday Deal of the Hour include Best Buy, Home Depot and Neiman Marcus. Consumers can expect to see free shipping deals, dollars off and free gifts with purchase.

About the Survey
The survey, conducted November 25-26 by Prosper Insights & Analytics for NRF, polled 4,330 consumers and has a margin of error of plus or minus 1.5 percent.

Prosper Insights and Analytics delivers executives timely, consumer-centric insights from multiple sources. As a comprehensive resource of information, Prosper represents the voice of the consumer and provides knowledge to marketers regarding consumer views on the economy, personal finance, retail, lifestyle, media and domestic and world issues. www.ProsperDiscovery.com

NRF is the world’s largest retail trade association, representing discount and department stores, home goods and specialty stores, Main Street merchants, grocers, wholesalers, chain restaurants and Internet retailers from the United States and more than 45 countries. Retail is the nation’s largest private sector employer, supporting one in four U.S. jobs – 42 million working Americans. Contributing $2.6 trillion to annual GDP, retail is a daily barometer for the nation’s economy.

Contact:

Treacy Reynolds
press@nrf.com
(855) NRF-Press

Source: NRF

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Former MACY’S CMO Martine Reardon to serve as Senior Advisor for NRF’s Retail and Marketing Strategies

To serve as Senior Advisor for Retail and Marketing Strategies

WASHINGTON, 2016-Nov-22 — /EPR Retail News/ — Today (November 21, 2016) the National Retail Federation announced that Martine Reardon, former Chief Marketing Officer for Macy’s, has partnered with NRF to serve as a Senior Advisor for Retail and Marketing Strategies.

“As CMO, Martine is widely acknowledged as the leader at Macy’s who successfully built the company’s omnichannel brand,” NRF President and CEO Matthew Shay said. “We have a long history of providing the industry with the insights, tools and expertise they need in order to meet the challenges that enable them to grow their business in a highly competitive environment. Martine’s hands-on experience and in-depth knowledge ensures we take that opportunity to the next level.”

Mindy Grossman, president and CEO of HSNi and incoming chairman of the NRF, said, “I have known Martine for a number of years and I am thrilled she has agreed to take this role with NRF. Martine is well-known, respected and admired by retailers across the diverse community of the industry. Her consulting work with the NRF will enhance our ability to remain at the forefront of thought leadership for retailers large and small, providing real world business solutions to real world business challenges.”

“I have worked most of my professional life in retail, and I am thrilled to join in this partnership and engage with the NRF and the top retail leaders in the industry,” said Ms. Reardon. “Retail evolves at a pace that requires constant vigilance with foresight and planning. To be part of creating paths and finding the voices that can help grow the industry is a tremendous opportunity and I am looking forward to the challenge.”

NRF is the world’s largest retail trade association, representing discount and department stores, home goods and specialty stores, Main Street merchants, grocers, wholesalers, chain restaurants and Internet retailers from the United States and more than 45 countries. Retail is the nation’s largest private sector employer, supporting one in four U.S. jobs – 42 million working Americans. Contributing $2.6 trillion to annual GDP, retail is a daily barometer for the nation’s economy.

Contact:
Treacy Reynolds
press@nrf.com
(855) NRF-Press

Source: NRF

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NRF survey: more than half of consumers have already started buying holiday gifts

WASHINGTON, 2016-Nov-22 — /EPR Retail News/ — With the middle of the holiday season approaching and shoppers eager to take advantage of early promotions from retailers, more than half of consumers have already started making dents in their holiday gift lists, according to the annual mid-season survey released today (November 21, 2016) by the National Retail Federation and Prosper Insights & Analytics.

“Consumers are looking for great prices and promotions earlier than ever, and retailers answered that demand by offering Black Friday deals as soon as the day after Halloween,” NRF President and CEO Matthew Shay said. “This time of year is about finding the right gifts while staying on budget. For those looking for anything from toys to apparel at retailers large and small, in-store or online, retailers are ready with great merchandise at affordable prices.”

The survey found that 55.7 percent of shoppers have already started buying holiday gifts, the second-highest level in the history of the survey, down slightly from the record 56.6 percent at the same time last year. Only 3 percent said they were finished shopping.

Clothing and accessories remain the most popular gifts this year, given by 61 percent of shoppers; 56 percent will give gift cards. Nearly half of shoppers, 44 percent, will give books, CDs, DVDs, videos or video games; 42 percent will give toys, 31 percent food or candy and 30 percent will give electronics.

“With more promotions to come, shoppers will have ample opportunities this holiday season to seek out the perfect presents — either for themselves or for others,” Prosper Principal Analyst Pam Goodfellow said. “The popularity of gift cards makes them an easy choice, but many consumers will still search online and in store, browse ad circulars and even login to Facebook to find inspiration for unique and memorable gifts for their loved ones.”

Holiday shoppers are planning to purchase an average of three gift cards with an approximate value of $46 per card, the second most-popular gift after clothing. Spending on gift cards is expected to reach $27.5 billion, up from last year’s planned $26 billion. The most popular types of gift cards include those from restaurants (35 percent of buyers), department stores (33 percent), Visa/MasterCard/American Express (22 percent), coffee shops (21 percent) and entertainment (17 percent).

Predicting the “hot” toys each season can be a challenge for harried parents and others buying for children, but many already have their shopping lists prepared. Barbie (23 percent) reigns for the second consecutive year among those buying for girls, followed by traditional dolls (12 percent), Shopkins (5 percent), Hatchimals (4 percent), Legos (3 percent) and American Girl (also 3 percent). For boys, Legos again tops the list of must-haves (15 percent), followed by cars and trucks (8 percent), video games and Hot Wheels (tied at 6 percent) and Star Wars-related items (5 percent).

Debit cards are the most popular form of payment this year, used by 39.7 percent of shoppers, up from 39 percent last year and edging out credit cards, which will be used by 38.7 percent (up from 38 percent last year). One in five (19.5 percent) plan to pay with cash, while only 2 percent will use checks. Additionally, one-fifth (19.9 percent) plan to use PayPal when purchasing holiday gifts this year.

The survey, which asked 7,206 consumers about holiday shopping plans, was conducted November 1-8 and has a margin of error of plus or minus 1.2 percentage points.

Full data results will not be published on NRF.com. News media and analysts who require additional information can contact press@nrf.com.

About Prosper Insights & Analytics
Prosper Insights & Analytics delivers executives timely, consumer-centric insights from multiple sources. As a comprehensive resource of information, Prosper represents the voice of the consumer and provides knowledge to marketers regarding consumer views on the economy, personal finance, retail, lifestyle, media and domestic and world issues. www.ProsperDiscovery.com

NRF is the world’s largest retail trade association, representing discount and department stores, home goods and specialty stores, Main Street merchants, grocers, wholesalers, chain restaurants and Internet retailers from the United States and more than 45 countries. Retail is the nation’s largest private sector employer, supporting one in four U.S. jobs – 42 million working Americans. Contributing $2.6 trillion to annual GDP, retail is a daily barometer for the nation’s economy.

Contact:

Ana Serafin Smith
(202) 626-8189
press@nrf.com
(855) NRF-Press

Source: NRF

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NRF President and CEO Matthew Shay pledged to work with new President-elect Donald Trump and the new Congress

WASHINGTON, 2016-Nov-10 — /EPR Retail News/ — National Retail Federation President and CEO Matthew Shay congratulated the winners of Tuesday’s federal elections and pledged to work with President-elect Donald Trump and the new Congress on a pro-growth, pro-jobs agenda:

“With the holiday season upon us, retailers are glad that this unprecedented election is over, along with the divisive rhetoric and the impact it had on consumers concerned about their future. It is time to bring all Americans together, working in a bipartisan fashion to address the pressing needs of the day.

“The next few months will offer many opportunities for us to educate lawmakers on our priorities, such as tax reform and investment in our nation’s infrastructure, as well as pro-growth policies that create jobs and reward capital investment. If this election taught us anything, it is the importance of focusing on policies and programs that not only benefit today’s economy, but the economy of the future and our next generation of workers.

“As President Trump begins staffing his administration, we are hopeful that pragmatism will prevail over ideology so that all branches of government can work together for the benefit of retailers, their associates, the consumers they serve and the communities where they live and work.”

NRF is the world’s largest retail trade association, representing discount and department stores, home goods and specialty stores, Main Street merchants, grocers, wholesalers, chain restaurants and Internet retailers from the United States and more than 45 countries. Retail is the nation’s largest private sector employer, supporting one in four U.S. jobs – 42 million working Americans. Contributing $2.6 trillion to annual GDP, retail is a daily barometer for the nation’s economy.

Contact:
Robin Roberts
press@nrf.com
(855) NRF-Press

Source: NRF