Trump is 'first retail president'

posted by Simon Kanter
19 January 2017

In his keynote address to the National Retail Federation (NRF) Big Show in New York, president and CEO Matthew Shay gave an upbeat welcome to incoming US president Donald Trump.

Describing Trump as the first “retail president” since Harry Truman, Shay said “change and disruption” were positive forces.

“We're seeing changes we never thought we'd see... and there's a lot for us in it, including regulatory reform, infrastructure investment, tax reform and healthcare changes. 

“Everyone is chomping at the bit,” said Shay.

Talking at the same event Sir Richard Branson used the example of the failure of Virgin Megastores to inspire retailers to think of themselves as “entrepreneurs rather than forever retailers”.

Without the record store business Virgin would never have diversified into mobile, games, broadband and signing bands, the Virgin boss told delegates.

The NRF Big Show is the retail world's biggest annual event bringing together 33,000 attendees, 510 exhibitors and 300 speakers.

 Want to stay up to date with the news? Sign up to our daily bulletin.

LATEST
JOBS
Swindon, Wiltshire
upto £40K base (+ Paid overtime and corporate benefits)
Honda Manufacturing Ltd
Kew gardens, Richmond upon Thames, London (Greater)
£37,000 - £42,500 per annum pro rata, depending on skills and experience
Kew Royal Botanic Gardens
SEARCH JOBS
CIPS Knowledge
Find out more with CIPS Knowledge:
  • best practice insights
  • guidance
  • tools and templates
GO TO CIPS KNOWLEDGE