Retailers Call for Economic Stimulus
The National Retail Federation Board of Directors this week called on Congress and President Bush to enact legislation to stimulate the nation’s economy.
“This action shows how seriously the current economic situation is taken by the CEOs of the nation’s major retail companies,” said NRF president and CEO Tracy Mullin. “Consumer spending and retail sales are the backbone of the nation’s economy. Stimulus that helps consumer spending will benefit all industries in the private sector.”
The board, meeting at NRF’s 97th Annual Convention in New York City, unanimously adopted a resolution emphasizing that consumer spending represents 70 percent of the U.S. economy and calling on lawmakers to act quickly.