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NRF chief applauds Congress on immigration efforts
Washington, D.C. -- The National Retail Federation president and CEO Matthew Shay has issued the following statement in support of immigration reform:
“Our current immigration system is broken and unworkable, and it is in desperate need of reform. We applaud the President’s commitment and Congress’ resolve to address immigration reform this year.
“NRF has been and continues to be a strong advocate for bipartisan, comprehensive immigration reform.
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NRF forecasts tepid sales on slow economic growth
WASHINGTON — Retail industry sales (which exclude automobiles, gas stations, and restaurants) will increase 3.4%, down slightly from 4.2% in 2012 and 5.8% in 2011, according to the National Retail Federation’s 2013 economic forecast.
The lukewarm forecast, released Monday, comes on the heels of a holiday season that went head-to-head with Washington’s political wrangling over fiscal concerns, shifting consumers’ spending plans downward. In the end, holiday sales in 2012 grew 3.0%.