Retailing Poised to Lead Economic Recovery, NRF President Says

January 10, 2011
/ Print / Reprints /
/ Text Size+

Retailers are starting to see a glimmer of hope in what has been an atmosphere doom and gloom during the recession, National Retail Federation President and CEO Matt Shay said during his presentation Monday at the NRF show in New York.
“Last year, the retail industry proved to be one of the bright spots in the economy,” Shay says. “All of you managed to find a way to get it done, despite a tight economy.” From introducing more private label goods to keeping a tight inventory control, retailers did what they had to do to survive, Shay said.
Although the retail business experienced a relatively strong finish to 2010, that doesn’t in any way diminish the serious economic challenges all retailers still face, he cautioned.
The major mission for retailers this year is to focus consistently and passionately on shoppers, according to Matthew Rubel, chairman and CEO of Topeka, Kan.-based Collective Brands Inc., a retail footwear company.

“Focus on your customers,” Rubel said. “Innovate for them. Know how they shop and why they shop.”

--Lynn Celmer


Did you enjoy this article? Click here to subscribe to Private Label Buyer.

You must login or register in order to post a comment.



Image Galleries

September 2014 New Food Products

This month's new food products include cane sugars, barbeque sauce, condiments in squeeze bottles, cinnamon snack seasoning, and jalapeno tzatziki, ice cream, herb toasts, corn puffs, instant coffee, coconut water, and a water enhancer.


Coming with a clear, comprehensive plan was the key to success for Longo Brothers Fruit Markets when the grocer decided to roll out a two-tier private label strategy, Jenny Longo and Robert Koss tell PLBuyer editor Chris Freeman in this podcast.

More Podcasts

Private Label Buyer Magazine

PLB September 2014 cover

September 2014

The September 2014 issue of Private Label Buyer includes a convenience channel update, as well as category insights on frozen store brand trends and health and beauty items. Check it out today!

Table Of Contents Subscribe

Private Label Segments

Which segment of private label will see the biggest growth over the next year?
View Results Poll Archive

Clear Seas Research

Clear Seas ResearchWith access to over one million professionals and more than 60 industry-specific publications,Clear Seas Research offers relevant insights from those who know your industry best. Let us customize a market research solution that exceeds your marketing goals.

PLB Marketplace


facebook_40px twitter_40px  youtube_40pxlinkedin_40pxgoogle+ icon 40px