Interviews
Your go-to source for news, anytime, anywhere! Insightful industry information from the textile, apparel & fashion world with our news app
Download Now
Your go-to source for news, anytime, anywhere! Insightful industry information from the textile, apparel & fashion world with our news app
Download Now
Your go-to source for news, anytime, anywhere! Insightful industry information from the textile, apparel & fashion world with our news app
Download Now
Your go-to source for news, anytime, anywhere! Insightful industry information from the textile, apparel & fashion world with our news app
Download Now
Retailers worried over pandemic recovery legislation wait
10 Oct '20
2 min read
Pic: Shutterstock
The National Retail Federation (NRF) recently expressed concern over President Donald Trump’s decision today to stop negotiating with congressional leaders on new legislation aimed at helping the economy recover from the impact of the coronavirus pandemic. The American Apparel & Footwear Association (AAFA) also expressed surprise and dismay at the announcement.
“The pandemic isn’t over and neither is the economic crisis it has created,” NRF president and chief executive officer (CEO) Matthew Shay said in a statement.
“There are many families still struggling to make ends meet and businesses facing obstacles to putting workers back on the payroll. We need a vaccine to ensure our personal health. And we need further stimulus to ensure we can fix an ailing economy, bring people back to work and spur growth in communities large and small,” he added.
NRF last week joined more than 200 trade associations to form the COVID Relief Now coalition, which sent a letter to Congress urging immediate and meaningful economic support.
“The economy is not something that can be put on hold until a time that might be more convenient. People are suffering today. Now is the time to deploy all the tools in our toolbox – both to attack the underlying health crisis and to provide crucial liquidity and credit relief for manufacturers, brands, retailers, and the workers they support," said AAFA president and CEO Steve Lamar in a press release.
"This is a critical time – with the important holiday season about to start – and we cannot afford to hit pause. We urge all parties to stay at the negotiating table to craft and pass a comprehensive COVID relief package now," he added.
“The pandemic isn’t over and neither is the economic crisis it has created,” NRF president and chief executive officer (CEO) Matthew Shay said in a statement.
“There are many families still struggling to make ends meet and businesses facing obstacles to putting workers back on the payroll. We need a vaccine to ensure our personal health. And we need further stimulus to ensure we can fix an ailing economy, bring people back to work and spur growth in communities large and small,” he added.
NRF last week joined more than 200 trade associations to form the COVID Relief Now coalition, which sent a letter to Congress urging immediate and meaningful economic support.
“The economy is not something that can be put on hold until a time that might be more convenient. People are suffering today. Now is the time to deploy all the tools in our toolbox – both to attack the underlying health crisis and to provide crucial liquidity and credit relief for manufacturers, brands, retailers, and the workers they support," said AAFA president and CEO Steve Lamar in a press release.
"This is a critical time – with the important holiday season about to start – and we cannot afford to hit pause. We urge all parties to stay at the negotiating table to craft and pass a comprehensive COVID relief package now," he added.
Fibre2Fashion News Desk (DS)The National Retail Federation (NRF) recently expressed concern over President Donald Trump's decision today to stop negotiating with congressional leaders on new legislati
Popular News
Leave your Comments
Editor’s Pick
Esteemed Clients
-Ltd..jpg?tr=w-120,h-60,c-at_max,cm-pad_resize,bg-ffffff "Thermore (Far East) Ltd.")
.jpg?tr=w-120,h-60,c-at_max,cm-pad_resize,bg-ffffff "Telangana State Industrial Infrastructure Corporation Limited (TSllC Ltd)")
.jpg?tr=w-120,h-60,c-at_max,cm-pad_resize,bg-ffffff "Taiwan Textile Federation (TTF)")
