Padis succeeds Lisa Bridge, marking the first time the organization has had two women board presidents in a row.
Retailers Need a COVID-19 Stimulus Package Now, Says NRF
The National Retail Federation is urging the White House and Congress to reach a deal on a stimulus package as retailers and families struggle to make ends meet.
Washington, D.C.—President Donald Trump said Thursday that talks of another COVID-19 stimulus package are underway, backtracking on a statement he made Tuesday that talks would cease until after the November election.
“I shut down talks two days ago because they weren’t working out,” the president said during an interview on the Fox Business channel. “Now they are starting to work out. We’re starting to have some very productive talks.”
With millions out of work and businesses of all sizes struggling, the initial statement that talks would be put on hold sent the market into a panic.
Though the talks may be back on track, it’s unclear when or if an agreement will be reached.
In a statement Tuesday, the National Retail Federation said the White House and Congress should not wait to pass pandemic recovery legislation.
“The pandemic isn’t over and neither is the economic crisis it has created,” said NRF CEO Matthew Shay.
“There are many families still struggling to make ends meet and businesses facing obstacles to putting workers back on the payroll.”
To get the economy back on track, the country needs a vaccine and another stimulus package, he said.
The retail trade organization has been a vocal proponent of expanding the Paycheck Protection Program, giving tax credits for the cost of personal protective equipment, and protecting businesses that follow the safety guidelines set by public health agencies against lawsuits.
The NRF is among the more than 200 trade associations that form the COVID Relief Now coalition, which sent a letter to Congress Sept. 30 stressing the need for economic support.
The letter stated: “Congress needs to rise to the occasion and cast partisanship aside to provide a lifeline to get through this pandemic. Congress’ failure to act now will result in negative economic ramifications that will reverberate for decades.”
Relief negotiations have been ongoing, with the Democrat-led House of Representatives passing a $2.2 trillion relief bill, a revision of the $3 trillion bill it passed in May.
Republicans were unanimous in their opposition to the bill, though House Speaker Nancy Pelosi and Treasury Secretary Steven Mnuchin did continue talks.
Mnuchin presented a $1.6 trillion counter offer just before Trump shut down the talks Tuesday.
“When the president did his strange tweet that said we’re walking away from the negotiations, it was like, what?,” Pelosi said at a news conference Thursday.
“We’ve all been working very hard to find our common ground, to agree on language
As of Thursday, Pelosi said she was ready to continue the conversation.
The Latest
Jesse Cole, founder of Fans First Entertainment, shared the “five Es” of building a fan base during his AGS Conclave keynote.
The Royal Oak Perpetual Calendar "John Mayer" was celebrated at a star-studded party in LA last week.
With Ho Brothers, you can unlock your brand's true potential and offer customers the personalized jewelry experiences they desire.
The announcement came as the company reported a 23 percent drop in production in Q1.
The three-time Pro Bowler continues to partner with the retailer, donating to a Detroit nonprofit and giving watches to fans.
A double-digit drop in the number of in-store crimes was offset by a jump in off-premises attacks, JSA’s 2023 crime report shows.
For over 30 years, JA has advocated for the industry, fought against harmful legislation and backed measures that help jewelry businesses.
Inspired by the Roman goddess of love, the designer looked to the sea for her new collection.
The luxury titan posted declining sales, weighed down by Gucci’s poor performance.
The selected nine organizations have outlined their plans for the funds.
The mining company’s Diavik Diamond Mine lost four employees in a plane crash in January.
The crown introduced a dozen timepieces in Geneva, including a heavy metal version of its deep-sea divers’ watch.
Emmanuel Raheb recommends digging into demographic data, customizing your store’s communications, and retargeting ahead of May 12.
Located in the town of Queensbury, it features a dedicated bridal section and a Gabriel & Co. store-in-store.
A 203-carat diamond from the alluvial mine in Angola achieved the highest price.
Ruser was known for his figural jewelry with freshwater pearls and for his celebrity clientele.
The “Rebel Heart” campaign embodies rebellion, romance, and sensuality, the brand said.
Editor-in-Chief Michelle Graff shares the standout moments from the education sessions she attended in Austin last week.
The overhaul includes a new logo and enhanced digital marketplace.
The money will go toward supporting ongoing research and aftercare programs for childhood cancer survivors.
A new addition to the “Heirloom” collection, this one-of-a-kind piece features 32 custom-cut gemstones.
Last month in Dallas, David Walton pushed another jeweler, David Ettinger, who later died.
The move will allow the manufacturing company to offer a more “diverse and comprehensive” range of products.
From now through mid-May, GIA will be offering the reports at a 50 percent discount.
De Beers’ rough diamond sales were down 18 percent year-over-year in its latest round of sales.
Sponsored by the Las Vegas Antique Jewelry & Watch Show