December 23 Anticipated to be Busiest Day of Holiday Shopping Season by Kentucky Independent Retailers

MEDIA RELEASE
FOR IMMEDIATE RELEASE
NOVEMBER 22, 2016
CONTACT: SARAH ROWLETTE
502-875-1444
srowlette@kyretail.com

December 23 Anticipated to be Busiest Day of Holiday Shopping Season by Kentucky Independent Retailers
Kentucky Retail Federation Releases Fall 2016 Survey Results

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As Thanksgiving closes in and the plethora of “named” holiday shopping days near, Kentucky retailers expect the rush to peak late in the season.

A survey conducted by the Kentucky Retail Federation (KRF) prior to the presidential election asked independent retailers across the commonwealth which day is anticipated to be the busiest this holiday shopping season. While media attention surrounds “Black Friday” and “Cyber Monday,” 29 percent of respondents pointed to December 23 as the anticipated busiest day, while 16 percent anticipate Small Business Saturday. Other popular days mentioned include Christmas Eve, the day after Christmas, Black Friday, Cyber Monday and more.

According to the National Retail Federation, clothing and accessories remain the most popular gifts this year, given by 61 percent of shoppers. Barbie tops the list of “hot” toys for girls this season and Legos again tops the list of must-haves for boys.

Going into the 2016 holiday shopping season, 43 percent of respondents anticipate Kentucky shoppers’ confidence level to be the same as 2015. Over 70 percent of respondents anticipate holiday shopping season sales to remain the same or fall short of sales in 2015 while only 15 percent expect sales to exceed last year.

“Kentucky independent retailers are still hesitant to have much optimism yet,” Tod Griffin, KRF president said.

Forty-one percent of KRF survey respondents said the condition of their local economy is the worse than last year at this time, 40 percent said their local economy was the same as 2015 and the remaining believed their local economy to be better. Kentucky retailers surveyed continue to report a steady workforce with more than half reporting no change in their full-time and part-time labor.

The Kentucky Retail Federation’s State of the Retail Industry Survey is conducted twice a year (spring and fall). The fall survey asked 2,294 independent retailers in various retail sectors questions about the current state of the commonwealth’s retail industry and the 2016 holiday shopping season.

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The Kentucky Retail Federation is the “Voice of Retailing” throughout the Commonwealth, representing retailers of all types and sizes since 1939. From Main Street to the mall, retailers enhance Kentucky’s communities and provide a better quality of life for Kentuckians everywhere. Kentucky’s retail industry supports 556 thousand jobs and pays more than $9.3 billion in wages annually. Retailers collect over $2.8 billion in state sales tax and pay millions in other taxes to state and local governments.

Kentucky Retail Institute Celebrates Official Launch with Ribbon Cutting

Institute will Strengthen Retail Climate and Enhance Workforce Training

The Kentucky Retail Institute (KRI) celebrated its official launch with a ribbon cutting at the Kentucky Retail Federation (KRF) Annual Meeting on Wednesday, October 26 in Louisville, Ky.

“The Kentucky Retail Institute’s mission is to tell the story of retailing through industry awareness, education, research, and career opportunities,” Cassie Grigsby, Kentucky Retail Institute president said.  “As one of the largest employers in the state, the Institute strives to strengthen the retail climate across the Commonwealth.”

With a significant focus on workforce development, KRI has begun the process of creating a Retail Management Training program that will encompass many areas of a retail career.

Board members for KRI were named earlier this year, representing varied sectors of retail throughout Kentucky. Board members Kevin Cranley, Willis Music Company, Florence; Ed McCoy, Kerr Office Group, Elizabethtown; and Tod Griffin, Kentucky Retail Federation, Frankfort, were in attendance for the ribbon cutting.

“The Institute is an exciting opportunity for Kentucky retailers to promote the career opportunities available in one of the state’s largest industries,” Kevin Cranley, KRI board member said.

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The Kentucky Retail Institute is a 501c3 charitable foundation with a mission to improve Kentucky’s retail industry by creating opportunities in workforce development, providing education and conducting research. The Kentucky Retail Institute strives to promote and tell the stories of one of the Commonwealth’s largest employers, representing one in four Kentucky jobs.

Kentucky Retail Federation and Kentucky Restaurant Association Applaud Supreme Court’s Decision

In February 2015, the Kentucky Retail Federation (KRF), Kentucky Restaurant Association (KRA), and Packaging Unlimited filed suit challenging Louisville Metro Council’s authority to enact local wages. KRF and KRA applaud the Kentucky Supreme Court’s recent ruling invalidating Louisville’s local minimum wage ordinance.

“While we are still analyzing the opinion, we’re pleased the Court upheld the rule of law and agreed with our arguments that local governments cannot establish a minimum wage and recognize the comprehensive scheme of legislation that already exists in state law,” Stacy Roof, Kentucky Restaurant Association president said.

This ruling sets a clear precedent for communities and employers alike, establishing important boundaries on Kentucky’s home rule law.

“Employers can rest assured knowing localities cannot devise a patchwork quilt of employment laws,” Tod Griffin, Kentucky Retail Federation president said.

Update on Cutting the Red Tape: It’s Working!

Earlier this summer, Governor Bevin announced the Red Tape Reduction initiative to cut through the red tape of excessive and complex regulatory burdens that are a hardship for many business owners across the Commonwealth.

Kentuckians were quick to take the governor up on this opportunity, as more than 500 suggestions have already poured in via www.RedTapeReduction.com.

The September edition of the Administrative Register of Kentucky contained a proposed repeal of more than 60 regulations that are unnecessary or overly burdensome including:

  • 44 regulations from the Kentucky Transportation Cabinet
  • 18 regulations from the Department of Alcoholic Beverage Control

Visit www.RedTapeReduction.com to suggest a regulatory burden facing your business today!

 

Kelly Joins Kentucky Retail Federation Staff

KRF Adds to Government Affairs Team

Kyle Kelly, KRF Director of Government Affairs and Association Services

The Kentucky Retail Federation (KRF) is pleased to announce the addition of Kyle Kelly to the organization’s staff as director of government affairs and association services. In this new role, Kelly will work with the government affairs team in direct lobbying of elected officials and perform other government affairs functions for KRF and its affiliates. Kyle will also be assisting in the day-to-day management of KRF affiliate members including meeting planning, member service programs and issue management.

“We’re excited to have Kyle join our team. He has the experience and work ethic for this position and understands the importance of a healthy retail business climate in the commonwealth,” KRF president Tod Griffin said.

Kelly was recently employed by the Kentucky Department of Agriculture as a special assistant to Commissioner Ryan Quarles assisting in public affairs, legislative affairs and constituent services. He also has extensive campaign experience having worked for Ryan Quarles for Commissioner of Agriculture and James Comer for Governor campaigns in 2014 and 2015.

Kyle is a graduate of the University of Kentucky having completed his Bachelor of Science Degree in Agriculture with a major in Community and Leadership Development and a minor in Agriculture Economics. He was raised in Owen County, Ky. and currently resides in Lexington.

Gov. Matt Bevin Unveils Red Tape Reduction Initiative to Attack Outdated, Unnecessary Business Regulations

Kentucky Retail Federation Supports Initiative

“I think a lot of regulations can be simplified and this initiative presents the opportunity not only to reduce red tape, which is certainly needed, but to help compliance with needed regulations,” said Gay Dwyer, senior vice president, government affairs for the Kentucky Retail Federation.

FRANKFORT, Ky.  – Gov. Matt Bevin today promised to identify and eliminate or revise outdated and unnecessary state regulations that hamper business growth in Kentucky.

The governor announced the Red Tape Reduction Initiative, which will cut through the red tape of excessive and complex regulatory burdens that are a hardship for many business owners.

“As a business owner, I understand firsthand how difficult it can be for a new or growing business to be aware of, understand and comply with every government regulation,” Gov. Bevin said. “While some regulations are very necessary and protect the public safety, others can stifle economic growth, impose unnecessary costs on businesses and impede private sector investment. These costs all get passed through to the consumer. I constantly hear from business owners that confusing government mandates and red tape are huge challenges for them. There are more than 4,500 state regulations on the books in Kentucky, and only 15 to 20 percent of them have ever been reviewed for effectiveness or ongoing need. This suffocating red tape is a problem that must be fixed and, with the help of all Kentuckians, we intend to do just that.”

Gov. Bevin is asking businesses throughout the state to assist in this effort by identifying burdensome regulations and offering suggestions for improvement. A website has been established, www.RedTapeReduction.com, to collect those ideas and suggestions for review.

The governor has already instructed cabinet secretaries to start a review of all government regulations currently on the books. He is also asking all state employees, including those who enforce these regulations, to offer suggestions for improvement.

The initiative has the support of many business organizations throughout the state, including the Kentucky Retail Federation.

“I think a lot of regulations can be simplified and this initiative presents the opportunity not only to reduce red tape, which is certainly needed, but to help compliance with needed regulations,” said Gay Dwyer, senior vice president, government affairs for the Kentucky Retail Federation.

Gov. Bevin is seeking input on red tape reduction ideas from both businesses and individuals.

“Any person who has dealt with government at any level, may well have come across a regulation that just doesn’t seem to make sense. So, I invite all Kentuckians to contact us with their thoughts and ideas. We need all hands on deck to reduce the amount of government red tape in the Commonwealth.”

For more information on the initiative or to submit a suggestion on a regulation that should be reviewed, please visit www.RedTapeReduction.com.