NRF

With some governors lifting stay-at-home orders across the country, economic recovery from the COVID-19 pandemic is likely to come gradually and may vary by location.

The National Retail Federation is offering detailed guidance for retailers as they start to reopen their stores. 

The National Retail Federation welcomed the Federal Reserve’s decision to allow larger mid-size businesses hit by COVID-19 to participate in its $600 billion Main Street Lending Program.

With many still focused on new year's resolutions, retailers were already busy making future plans.

The nation’s retail sales will increase between 3.5% and 4.1% in 2020. 

Consumer spending remained steady in January amid unseasonably mild weather, but not all retail sectors benefitted. 

The NRF 2020 Vision: Retail’s Big Show saw a record-breaking 40,000 attendees last month, including 16,000 retailers, 800 exhibitors and 200 sessions.

Experiential retail remains top of mind as brands continue to experiment with new store concepts.