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Matt Shay - 7 Jack Kleinhenz - 2 Shay - 2 Emily Elconin - 1 That's - 1 Dave Kimbell - 1 Ulta - 1 Anastasiia - 1
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Search resuls for: "Matt Shay"


20 mentions found


☆ Three reasons a strong Black Friday weekend may not mean a blowout holiday season for retailers
  + stars: | 2023-12-03 | by ( Melissa Repko | In Melissa-Repko | ) www.cnbc.com   time to read: +7 min
And Ulta Beauty and Foot Locker 's shares rose this week, after the companies reported better-than-expected earnings and a strong start to holiday spending on sneakers, makeup and more. Adobe predicts that full holiday season online spending from Nov. 1 to Dec. 31 will hit $221.8 billion, which would be a nearly 5% year-over-year jump. If the estimate ends up being correct, that means shoppers still have a little more than half of their online holiday spending to go. The NRF said this week that its survey found about half of consumers' online and in-store holiday shopping remains. "People are just about tapped out, but [with] the holiday season, people are willing to even further extend themselves," he said.
Persons: Emily Elconin, That's, Dave Kimbell, Ulta, Matt Shay, Anastasiia, It's, Vivek Pandya, Pandya, Kena Betancur, Scott Wren, Wells, Shannon Stapleton Organizations: Getty, Adobe Analytics, National Retail Federation, Consumers, Walmart, Target, Adobe Digital, Adobe, Macy's, U.S . Federal, Shoppers, Reuters Locations: Oaks, Novi , Michigan, New York , New York, Wells Fargo, Macy's, Roosevelt, Garden City , New York, U.S
☆ Thanksgiving holiday weekend breaks shopping records
  + stars: | 2023-11-28 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThanksgiving holiday weekend breaks shopping recordsMatt Shay, National Retail Federation CEO, joins 'Squawk on the Street' to discuss how the holiday consumer is holding up, the difference in shopper traffic between Friday and Saturday, and more.
Persons: Matt Shay Organizations: National Retail Federation
☆ Black Friday weekend shopping turnout soars to a record, as consumers seek bargains
  + stars: | 2023-11-28 | by ( Melissa Repko | In Melissa-Repko | ) www.cnbc.com   time to read: +1 min
Shoppers browse for dresses during the Black Friday sale at the Vivo Activewear women's clothing store in downtown Nairobi, Kenya November 24, 2023. The turnout marks an all-time high since the major trade group and Prosper Insights & Analytics began tracking total in-store and online traffic in 2017. It topped last year's figure of 196.7 million shoppers and the NRF's forecast for about 182 million people during the five-day weekend. The number of people shopping online rose to 134.2 million this year, up from 130.2 million a year ago, the NRF survey found. Consumers who shopped at stores fell slightly, from 122.7 million people in 2022 to 121.4 million people this year.
Persons: Matt Shay Organizations: Shoppers, National Retail Federation, Prosper, Analytics, Consumers Locations: Nairobi, Kenya
☆ Thanksgiving weekend dealhunters came broke records but their spending didn’t
  + stars: | 2023-11-28 | by ( Parija Bhatnagar | Parija Kavilanz | ) edition.cnn.com   time to read: +3 min
New York CNN —More people than ever flocked to stores and websites over the Thanksgiving and Black Friday holiday weekend this year, but consumers didn’t quite break the spending record set in recent years. The group said consumers spent $321.41 on average (unadjusted for inflation) on these types of items compared to $325.44 over the same time last year. The Thanksgiving holiday weekend typically marks the start of the year-end gift-buying rush. The NRF’s own projection calls for a slowdown in holiday sales growth this year. And for Cyber Monday, the numbers were even stronger — consumers spent $12.4 billion, a 9.6% increase from 2022.
Persons: New York CNN —, trumping, NRF, It’s, ”, Matt Shay Organizations: New, New York CNN, National Retail Federation, Industry, ”, Adobe Analytics Locations: New York
☆ Deal-hungry shoppers will squeeze holiday sales growth to pre-pandemic levels, retail group says
  + stars: | 2023-11-02 | by ( Melissa Repko | In Melissa-Repko | ) www.cnbc.com   time to read: +4 min
Over the past decade, holiday sales have grown roughly 5% year over year on average, according to the NRF. Elevated prices are driving the reported sales growth, too. NRF's holiday forecast is not adjusted for inflation, which means the actual sales gains may not be as large as they seem. Despite the NRF's expectations for sales growth, major retailers including Target and Macy's have tempered expectations for the holidays. In the year-ago holiday season, retail sales rose 5.3% compared with 2021 and reached $936.3 billion, according to the NRF.
Persons: Jack Kleinhenz, Matt Shay, Shay, Brian Cornell, they're, Prosper Organizations: National Retail Federation, Bureau, Labor, Target, Walmart, Home Depot
☆ National Retail Federation CEO on retail shrinkage: It's a real issue
  + stars: | 2023-08-23 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailNational Retail Federation CEO on retail shrinkage: It's a real issueMatt Shay, Nation Retail Federation president and CEO, joins 'Squawk Box' to discuss the state of the consumer, the problem with shrinkage and theft, the impact on retailer's bottom lines, and more.
Persons: Matt Shay Organizations: National Retail Federation, Nation Retail Federation
☆ Credit card spending growth is slowing — it’s 'inevitable,' expert says
  + stars: | 2023-08-23 | by ( Jessica Dickler | ) www.cnbc.com   time to read: +2 min
In the last year, credit card debt spiked to a record high, while the personal savings rate fell. But revolving debt, which mostly includes credit card balances, contracted in June, according to the Fed's G.19 consumer credit report released earlier this month. After a strong start to the year, credit and debit card spending started to slow in the spring, Bank of America's most recent consumer checkpoint found. Already, the average credit card rate is more than 20%, an all-time high. 'A consumer spending slowdown is inevitable'
Persons: Jack Kleinhenz, Kleinhenz, Matt Shay, Shay Organizations: National Retail Federation, Federal Reserve Bank of New, Bank of, Amazon Locations: Federal Reserve Bank of New York
☆ Consumers are in control of this economy, says National Retail Federation CEO Matt Shay
  + stars: | 2023-08-16 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailConsumers are in control of this economy, says National Retail Federation CEO Matt ShayMatt Shay, National Retail Federation CEO, joins 'Closing Bell Overtime' top talk retail earnings, the state of the consumer and what's ahead for the economy in the second half of 2023.
Persons: Matt Shay Matt Shay Organizations: Consumers, National Retail Federation
☆ Watch CNBC's full interview with National Retail Federation CEO Matt Shay
  + stars: | 2023-05-18 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch CNBC's full interview with National Retail Federation CEO Matt ShayMatt Shay, National Retail Federation president and CEO, joins 'Squawk Box' to discuss the rise in retail theft and economic impact on retailers, what is behind the rise in crime, and the steps being taken to combat the problem.
☆ National Retail Federation CEO on rise in retail theft: This is much more than just a retail problem
  + stars: | 2023-05-18 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailNational Retail Federation CEO on rise in retail theft: This is much more than just a retail problemMatt Shay, National Retail Federation president and CEO, joins 'Squawk Box' to discuss the rise in retail theft and economic impact on retailers, what is behind the rise in crime, and the steps being taken to combat the problem.
☆ 'It's not people shoplifting': Why retail is focused on organized crime
  + stars: | 2023-05-18 | by ( Eric Rosenbaum | ) www.cnbc.com   time to read: +4 min
watch nowIt's been hard to get an exact read on the rise in retail theft. But this quarter's batch of retail earnings have brought the theft issue to the forefront again. Target said organized retail crime will reach $500 million more in stolen and lost merchandise this year compared with a year ago. The National Retail Federation says organized retail crime is the main reason for retail "shrink" — a mismatch between actual inventory and what is on the books — which reached $94.5 billion in 2021, an increase of almost $4 billion year over year. But shoplifting is a big part of organized crime.
☆ Labor market is very tight and that doesn't seem to be changing: NRF CEO Matt Shay
  + stars: | 2023-02-15 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailLabor market is very tight and that doesn't seem to be changing: NRF CEO Matt ShayMatt Shay, National Retail Federation president, joins 'Closing Bell' to break down the rebound in retail sales and whether the Fed has to do more to fight inflation.
☆ Holiday sales fall short of expectations, set stage for tougher 2023 for retailers
  + stars: | 2023-01-18 | by ( Melissa Repko | ) www.cnbc.com   time to read: +3 min
Holiday sales fell short of industry expectations, as shoppers felt pinched by inflation and rising interest rates, according to data from the National Retail Federation. The retail sales number excludes spending at automobile dealers, gasoline stations and restaurants and is based on data from the U.S. Census Bureau. The holiday sales gains include the impact of inflation, which drives up total sales. That translated to sharp year-over-year jumps in retail sales in the past two holiday seasons — a 14.1% gain in 2021 and 8.3% gain in 2020. Online and non-store sales saw the biggest year-over-year gains, with sales jumping 9.5% during the holiday season.
☆ Amazon touts record sales over holiday shopping weekend
  + stars: | 2022-11-30 | by ( Annie Palmer | ) www.cnbc.com   time to read: +2 min
The company said the holiday shopping weekend was its "biggest ever," with consumers snapping up hundreds of millions of products during the period. Independent businesses selling on Amazon surpassed $1 billion in sales during the Thanksgiving holiday shopping weekend, the company said. Amazon didn't provide sales figures for the five-day shopping weekend, which tends to be some of its busiest days in the holiday period. The company's fourth-quarter results, typically released in late January or early February, will give Wall Street a more complete picture of the holiday shopping season. WATCH: Holiday shopping weekend saw 20 million more shoppers than last year, says NRF CEO Matt Shay
☆ Discounts and holiday deals are driving consumers to spend
  + stars: | 2022-11-29 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms | Rob Wile | ) www.nbcnews.com   time to read: +2 min
Consumers took advantage of heavy discounting by online retailers to kick off the holiday shopping season in high gear. According to Adobe Analytics, record online spending on Thanksgiving and Black Friday drove Cyber Week — Thanksgiving through Cyber Monday — to $35 billion in total sales. Even with inflation looming in the background, consumers were motivated by the hunt for deals, Adobe Analytics said. While the company's figures are not adjusted for inflation, even if online inflation were factored in, there would still be growth in underlying consumer demand, it said. Consumers have shown their willingness to keep shopping, thanks in part to the resilience of their pandemic savings.
☆ Holiday shopping weekend saw 20 million more shoppers than last year, says NRF CEO Matt Shay
  + stars: | 2022-11-29 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailHoliday shopping weekend saw 20 million more shoppers than last year, says NRF CEO Matt ShayMatt Shay, National Retail Federation president, joins 'Closing Bell' to discuss the record level of shopping during the Thanksgiving holiday weekend. He also discusses the retail impact of a possible rail strike.
☆ Cooling job market doesn't take the heat off the holiday hiring spree
  + stars: | 2022-11-25 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms Shannon-Pettypiece-Circle-Byline-Template.Jpg | Shannon Pettypiece | ) www.nbcnews.com   time to read: +7 min
Retailers are entering the holiday season amid a swirl of mixed economic signals. That leaves companies expecting another busy shopping season as they continue to grapple with a competitive job market. Before the holiday hiring rush, retailers were already looking to fill 800,000 open positions, according to the retail federation. There are some signs though that the labor market is starting to shift in employers' favor. "This speed is imperative during holiday hiring," John Patterson, Macy’s vice president of talent, said in an email.
☆ National Retail Federation's Matt Shay on normalizing inventory levels
  + stars: | 2022-11-17 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailNational Retail Federation's Matt Shay on normalizing inventory levelsMatt Shay, CEO of the National Retail Federation, joins 'Closing Bell' to discuss consumer spending, holiday season value hunting and aggregate inventory levels compared to historical levels.
☆ Watch CNBC's full interview with National Retail Federation's Matt Shay
  + stars: | 2022-11-17 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch CNBC's full interview with National Retail Federation's Matt ShayMatt Shay, CEO of the National Retail Federation, joins 'Closing Bell' to discuss consumer spending in retail, holiday value hunting and aggregate inventory levels compared to historical levels.
☆ Inflation to dampen holiday spending, retail trade group forecasts
  + stars: | 2022-11-03 | by ( Melissa Repko | ) www.cnbc.com   time to read: +3 min
Getting shoppers to spend this holiday season won't be easy. "Some of that is going to impact their gift giving and how they cover their other expenses during the holiday season," he said. Other industry-watchers have also forecast a muted holiday season. Last year, holiday sales jumped 14.1% and hit a record of $886.7 billion. That growth compares with an average 4.4% increase in holiday sales over the previous five years.
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