Finance

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.

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.

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.

The New England Patriots and the Washington Redskins weren’t the only winners this Thanksgiving Day as more than 35 million Americans visited retailers’ stores and websites Thursday – up from 29 million last year – scoring deals on everything from hot electronic items to cashmere sweaters and toys. According to a National Retail Federation survey conducted by BIGinsight over the weekend, traffic and spending grew over the entire weekend*.

Children’s wish lists this holiday season are full of the latest gadgets such as Apple iPads and the Nintendo Wii U, but there’s still demand for some classic gifts like LEGOs, dolls and toy cars according to NRF’s 2012 Top Toys survey conducted by BIGinsight.

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.

More than two dozen colleges and universities have joined the NRF Foundation as partners through a program that provides educators and students exclusive access to retail industry research, educational events and other industry networking opportunities.

The National Retail Federation, in partnership with its member companies, today announced the launch of the Integrated Mobile Initiative (IMI), a first-of-its-kind, initiative that will serve as the single source for information about the challenges and opportunities that exist within mobile retailing.

NRF/BIGinsight survey finds consumers will spend more on school and college as consumers replenish children's needs and more children enter school.

Hawaii has a shining star in Ms. Tanna Dang as the Honolulu boutique owner today was awarded the top $25,000 prize in the National Retail Federation’s inaugural “This is Retail” video contest.

The National Retail Federation today announced the final three winners of its “This is Retail” video contest, determined after a week of public voting through NRF’s Retail Means Jobs website.

The National Retail Federation today announced the top 10 finalists of its “This is Retail” video contest, determined after a week of public voting through NRF’s Retail Means Jobs website.

The National Retail Federation announced today the 20 finalists of its “This is Retail” video contest, determined from scoring by prominent retail executives at NRF member companies. Contest finalists range from small business owners to vice presidents at national retail chains, and from wine shops to sporting goods retailers.