The Maryland Retailers Alliance has released its annual holiday sales outlook following the National Retail Federation’s (NRF) nationwide forecast. The NRF anticipates U.S. holiday retail sales will grow between 3.7-4.2 percent this season, surpassing $1 trillion for the first time. The national projection, coupled with Maryland-specific economic indicators, suggests a holiday season marked by steady […]
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Kroger CEO Outlines Five Predictions For The Future Of Retail
The Kroger Co. Chairman and CEO Rodney McMullen provided his outlook on the future of retail at NRF 2019 in New York City during a keynote presentation themed “Restocking the future: Kroger’s insatiable appetite to play and win the long game.” CNBC “Squawk on the Street” and “Closing Bell” anchor Sara Eisen moderated the 30-minute conversation on Sunday. Here are […]
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Supreme Court Rules In Amex’s Favor In Credit Card Fee Case
In a five to four ruling, the U.S. Supreme Court yesterday backed American Express and its rules prohibiting retailers from steering customers to use other, less expensive credit cards. The response from retail organizations was swift, with the Food Marketing Institute (FMI) saying it was “disappointed” with the ruling and the National Retail Federation calling […]
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Holiday Retail Sales Increased 5.5 Percent In 2017
Holiday sales during November and December increased 5.5 percent over the same period in 2016 to $691.9 billion as growing wages, stronger employment and higher confidence led consumers to spend more than had been expected, according to the National Retail Federation. The number, which excludes restaurants, automobile dealers and gasoline stations, includes $138.4 billion in […]