Retailers

Shop.org, the National Retail Federation’s digital division, is bringing together thought leading digital retail executives and solution providers to tackle some of the industry’s top challenges. The Shop.org Think Tank collaborates to identify and develop points of view on trends, business models, technologies and strategies that will shape the future of online retail and the role of digital in retail.

A change in federal tax law that decreased the take-home pay of many working Americans is impacting household budgets. According to NRF’s 2013 Tax Returns Survey conducted by BIGinsight, nearly three-quarters (73.3%) of those polled say their spending plans are taking a hit.

Love is in the air this Valentine’s Day but consumers aren’t quite ready to shell out the big bucks for their loved ones as much as they were last year. The 2013 Valentine’s Day spending survey conducted by BIGinsight shows only a slight increase in expected sales this year with the average person planning to spend $130.97 on candy, cards, gifts and more, up from $126.03 last year. Total spending will reach $18.6 billion.*

Shop.org is launching today a multi-part initiative to engage the industry in examining how retailers are integrating all things “digital” into their business structures.

The National Retail Federation today announced that Saks Incorporated Chairman and CEO Stephen I. Sadove has been elected chairman of the NRF Board of Directors and chairman of its Executive Committee. He succeeds NRF’s immediate past chairman, Terry J. Lundgren, chairman, president and CEO of Macy’s, Inc. Sadove was elected at the Board of Directors meeting held Sunday during NRF’s 102nd Annual Convention and EXPO – Retail’s BIG Show.

The Association for Retail Technology Standards (ARTS), the National Retail Federation’s technology standards division, today announced the release of three diverse standards for the retail technology community, all of which will be available for review in the ARTS Pavilion, booth 2253, at Retail’s BIG Show.

Bringing together the world’s leading retailers and their business partners, Retail’s BIG Show is set to commence next week, offering a speaker lineup never seen before. The four-day convention, held January 13-16, 2013 at the Jacob K. Javits Convention Center in New York City, will feature topics ranging from digital and mobile retailing to corporate and social responsibility to economic and consumer trends in the new year.

The Dream BIG scholarship will award 10 current retail employees with full tuition at any University of Phoenix program, providing them the opportunity to pair education with work experience and ambitions to pursue a wide-array of career opportunities within the retail industry.

According to NRF’s latest holiday survey conducted by BIGinsight, the average person has completed 56.5 percent of their shopping, up from the 46.5 percent this time last year and the highest percentage in the survey’s 10-year history.

Christmas came early for 24 college students when they learned they were recipients of a $5,000 scholarship through the NRF Foundation’s Ray M. Greenly Scholarship fund. Each student, nominated by educators at their schools based on their high scholastic achievements and passion for retail, will receive a $5,000 scholarship to cover educational costs and a stipend to attend Retail’s BIG Show in January.

Even the post-turkey coma couldn’t keep a good shopper down last night as millions of people across the country lined the sidewalks late Thursday night and by midnight on Black Friday to stock up on discounted toys, laptops, tablets, apparel, and more.

With retailers providing increasingly creative ways for gift cards to be personalized and delivered, NRF’s 2012 holiday consumer spending survey conducted by BIGinsight shows that 81.1 percent of shoppers will purchase at least one gift card and will spend an average of $156.86 on gift cards, the highest amount in the survey’s 10-year history.

The National Retail Federation announced today that Bill Simon, president and chief executive officer of Walmart U.S. will keynote Retail’s BIG Show, January 13-16, 2013 at the Jacob K. Javits Center in New York City.

Consumers are prepared for a holly, jolly holiday season, though it’s evident most will take a conservative approach with their gift-giving budgets. According to NRF’s holiday consumer spending survey conducted by BIGinsight, the average holiday shopper will spend $749.51 on gifts, décor, greeting cards and more, up slightly from the $740.57 they actually spent last year.

Tempered by political and fiscal uncertainties but supported by signs of improvement in consumer confidence, holiday sales this year will increase 4.1 percent to $586.1 billion. NRF’s 2012 holiday forecast is higher than the 10-year average holiday sales increase of 3.5 percent. Actual holiday sales in 2011 grew 5.6 percent.

This Halloween, trick-or-treaters, party-goers and pampered pets will be dressing up in traditional spooky style with pumpkin, princess, witch and vampire costumes taking the top spots in NRF’s 2012 Top Costumes survey conducted by BIGinsight.

A record 170 million people plan to celebrate Halloween this year, according to NRF’s 2012 Halloween consumer spending survey conducted by BIGinsight. Seven in 10 Americans (71.5%) will get into the haunting Halloween mood, up from 68.6 percent last year and the most in NRF’s 10-year survey history. Consumers are expecting to spend more too; the average person will spend $79.82 on decorations, costumes and candy, up from $72.31 last year, with total Halloween spending expected to reach $8.0 billion.*