January 2024
The New Year Ahead
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S WE BEGIN ANOTHER YEAR, WE HAVE MUCH TO BE thankful for while cautiously looking ahead. We continue to be grateful for our RAN members and the collaborative work we do together for the future of the retail industry and our state. The economy will continue to be front of mind this year. With another record-setting holiday season, consumer confidence remains high. Despite the increased spending, consumer frustrations about the high cost of goods is getting louder, and this will likely be the case for the foreseeable future. Inflation has only begun to level off, and that alone won’t bring consumers relief. Whether the Federal Reserve has been successful in their ‘soft landing’, only time will tell. This will no doubt be a critical issue in this year’s presidential election and lawmaking in 2025. As we look at the election, at the top of the ballot, there is a very real chance we will see the second showdown between President Biden and Former President Trump. President Biden has not been wildly successful in resetting the economy; a ‘soft landing’ may not be enough to motivate his
By Mary Lau, RAN CEO
Mary Lau supporters in the election. While former President Trump hasn’t locked in the nomination, I expect he will do well in Nevada; his name identification far exceeds his opponents, and among his primary voters and caucus attendees, many agree with his positions on the 2020 election. He has a proven record of policymaking for a strong economy, but it’s unclear if he would have the same success again, should he be elected, in our current high inflation, high interest economy. There is a lot of forecasting taking place about the upcoming election. President Trump has always broken the models, but I do believe that a Biden/Trump election will drive turnout with Trump’s non-traditional voters far overshadowing the “Never Trumpers” wing of the party.
But also of note, Biden has already locked in an experienced Nevada team for his election. At the state level, this will be a critical election for control of the 2025 legislation session and, arguably, a preview for the 2026 gubernatorial election. Republicans must maintain or expand their razor thin margin, not allowing the Democrats to secure a super majority in both houses. This was made harder with the retirement of Senator Heidi Gansert in the Senate. Her seat, which would have been challenging for an incumbent to hold is going to be significantly harder for a Republican to win while open. For the first time in a long Continued on page 2
INSIDE Frontline of Healthcare: Recognizing the Contributions of Community Pharmacists.........2 Nevada Board of Pharmacy Update....................3 RAN 2023 Legislative Scorecard...........6, 7 2024 Election Playing Field Update.............................8 Call to Leadership: Nevada Small Business Owners, We N eed You.............9
Retail Association of Nevada • www.rannv.org
Frontline of Healthcare: Recognizing the Contributions of Community Pharmacists By Liz MacMenamin
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HARMACY IS A PROFESSION THAT BLENDS SCIENCE, health care, direct patient contact, computer technology, and business. The community pharmacist plays a pivotal role in the health care system, a role that has evolved significantly over the years. January 12th marks National Pharmacist Day in the United States, a day dedicated to recognizing and celebrating the impact and contributions of pharmacists in the healthcare industry. Community pharmacists are typically
the most accessible healthcare professionals to the public. Located in the heart of communities, they are often the first point of contact for individuals seeking health advice. This accessibility allows them to play a crucial role in public health by providing information, advice, and services directly to people in their locality. The traditional role of the pharmacist, focused primarily on dispensing medications, has expanded greatly. Today, community pharmacists provide a wide range of services beyond just filling prescriptions. They are involved in
Liz MacMenamin medication management, where they review and manage a patient’s medications to ensure they are appropriate, effective, safe, and used correctly. This role is particularly vital in managing chronic conditions such as diabetes,
The New Year Ahead Continued from page 1
time, all eyes are on the Assembly where the GOP has the best options to expand their ranks, and, in turn, protect the Governor’s vetoes. Even more, we’re seeing Democrats walking away from their re-election campaigns at surprising rates, putting more seats in play for the Democrats to defend. It 2
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will be more important than ever for Nevada business leaders to engage in these elections. We know that regardless of the outcomes this year, Democrats have their eyes on the governor’s office for 2026. There will be a lot to monitor in 2024. Your RAN Team will be meeting with
candidates over the next few months as we prepare to make our recommendations and issue our support. Many indicators are showing that a perfect storm may be brewing if Trump is on the ballot that will help Republicans hold their position, but there is also a real chance that Democrats
hypertension, and asthma. Moreover, community pharmacists offer health screenings for various conditions, administer vaccinations, and provide advice on over-the-counter medications. They play a key role in preventive healthcare by advising on lifestyle and dietary changes to improve health outcomes. Their contribution to increasing vaccination rates, especially during flu seasons and in the recent COVID-19 pandemic, has been invaluable. Counseling patients is another significant aspect of a community
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are making a long play in preparation for the following election. We will continue to keep you apprised as we know more. As always, we thank you for your support and look forward to supporting Nevada’s businesses this year and into the future. ■
www.rannv.org • Retail Association of Nevada
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Nevada Board of Pharmacy Update By Liz MacMenamin
HE NEVADA BOARD OF PHARMACY CONVENED a public meeting on December 6-7 to discuss the following regulations in a public hearing: LCB File R19723 – This amendment mandates that practitioners or others dispensing controlled substances in Nevada must register with the Drug Enforcement
Administration to obtain a certificate for dispensing controlled substances, as per NRS 453.226. LCB File No. R05723 –This proposed amendment clarifies when the Board may impose an administrative fine under NRS 639.2895 instead of pursuing formal disciplinary action against a holder of a certificate, certification, license, or permit issued by the Board. It also specifies the limits of
fines that can be imposed under NRS 639.2895. LCB File R059-23 – Assembly Bill 156, passed in the 2023 Legislative Session, requires the Board to establish regulations related to substance abuse disorder treatments. These regulations outline the requirements for registering with the Board to engage in activities authorized by the bill, enabling pharmacists to prescribe and dispense
medication therapy following a patient assessment. The Board adopted these regulations, which will now be forwarded for final approval and adoption at the next Legislative Commission meeting. RAN will update members once this process is completed. If you have questions, please contact Liz MacMenamin at 775-720-2528. ■
Frontline of Healthcare Continued from previous page pharmacist’s job. They ensure patients understand how to take their medications, be aware of potential side effects, and know how to store medications properly. This counseling is crucial in improving medication adherence and preventing medication errors, which can have serious health implications. The community pharmacist also collaborates closely with physicians and other healthcare providers. This collaboration involves sharing patient information to ensure coordinated care, making recommendations about medication therapies,
and sometimes even participating in shared decision-making regarding patient care. One of the emerging roles of community pharmacists is their involvement in managing medication therapy in clinical settings, like clinics and hospitals. They work closely with healthcare teams to optimize medication regimens, particularly for patients with complex health issues requiring multiple medications. Community pharmacists also contribute to public health education. They often organize
and participate in health promotion programs, educating the public on various health topics like smoking cessation, nutrition, and the importance of regular exercise. Importantly, the role of the community pharmacist extends to the economic aspect of health care. They provide cost-effective solutions to patients, helping them navigate insurance issues and find affordable medication options. This aspect of their work is critical, especially in a healthcare system where drug prices can be a significant barrier to access.
On National Pharmacist Day, it is essential to recognize and celebrate the diverse and dynamic role of the community pharmacist. This day is an opportunity to appreciate the dedication and contribution of these healthcare professionals who are an integral part of the community and the broader healthcare system. Their continuous commitment to patient care, health promotion, and the safe and effective use of medications plays a crucial role in improving the health and well-being of the communities they serve. ■
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Retail Association of Nevada • www.rannv.org
INITIATIVE FOR INDEPENDENT REDISTRICTING COMMISSION IN NEVADA RELAUNCHED Fair Maps Nevada, led by College of Southern Nevada professor Sondra Cosgrove, has rekindled efforts to place an initiative on the ballot, aiming to establish an independent, seven-member redistricting commission in Nevada. The initiative seeks to eliminate state lawmakers’ involvement in the redistricting process, allowing for fairer and more competitive elections. Two identical petitions have been filed, with the only distinction being the proposed years for redrawing maps—2027 or 2031. Cosgrove, who advocates against partisan gerrymandering, cites concerns about the 2021 redistricting process favoring Democrats and aims to address the issue through constitutional amendments. To qualify for the 2024 ballot, petitioners must collect at least 102,586 signatures by July 8, 2024. Nevada Independent AG FORD INITIATES INVESTIGATION INTO FALSE ELECTORS SUPPORTING TRUMP IN 2020 Nevada Attorney General Aaron Ford has 4
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Nevada News launched an investigation into the state’s false electors, who claimed to be the legitimate electors for Donald Trump in the 2020 election despite President Joe Biden winning the state. Ford’s move comes despite earlier indications that such an investigation might be unlikely. This development aligns with similar investigations in other states, including Michigan, Arizona, and Georgia, where charges have been filed against false electors. Some of Nevada’s fake electors have already appeared before a criminal grand jury investigating the January 6, 2021, attack on the U.S. Capitol. Among those under scrutiny are Nevada GOP chair Michael McDonald and vice chair Jim DeGraffenreid. As of writing, the attorney general’s office in Nevada has not provided any official comments on the ongoing investigation. NBC News NEVADA’S LABOR MARKET SHOWS ROBUST EMPLOYMENT GROWTH, STEADY UNEMPLOYMENT RATE The latest monthly labor report from the Nevada Department of Employment, Training, and Rehabilitation (DETR) reveals that the state’s
labor market continues a trend of rapid employment growth with a consistent unemployment rate. The unemployment rate in October remained at 5.4%, the same as in September, while the labor force expanded by 5,500 workers, marking the 10th consecutive month of gains. “In October, Nevada continued its relatively rapid employment growth, continuing to grow at a rate of 3.4 percent over the past year while maintaining an unemployment rate of 5.4 percent, said DETR Chief Ecnomist David Schmidt. “More people continue to join the workforce, pushing the labor force participation rate up to 62.1 percent in October, up from 61.6 percent a year ago and 61.9 percent last month.” Las Vegas Review-Journal HAMMOND APPOINTED EXECUTIVE DIRECTOR OF NEVADA GOWINN Nevada Governor Joe Lombardo appointed Scott Hammond, a former State Senator, as the new Executive Director of the Nevada Governor’s Office of Workforce Innovation (GOWINN). Hammond, who previously served as State Senator for District 18 and held leadership roles, brings
legislative experience to the role. The GOWINN focuses on supporting Nevada’s workforce through innovative ideas, promoting apprenticeships and work-based learning, utilizing labor-market and workforce data, validating industryrecognized credentials, and developing career pathways. Hammond’s appointment reflects the governor’s commitment to workforce development and innovation in Nevada. Vegas Business Digest LOMBARDO CRITICIZES STATE GOP FOR HOLDING CAUCUS DESPITE EARLIER PRIMARY Governor Joe Lombardo criticizes the state party’s decision to conduct a caucus two days after the primary election, expressing concerns about confusion among voters. Lombardo deems the rule barring candidates from participating in both the primary and caucus as unacceptable and emphasizes the internal rifts within the Republican Party. Some, including Florida Governor Ron DeSantis, fear that the caucus rules favor former President Trump. The Nevada GOP argues that the caucus, with added security measures like Continued on page 11
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SHOPPERS CONCERNED OVER RISING FOOD COSTS DURING HOLIDAYS A new report from The Food Industry Association reveals that half of surveyed consumers are concerned about increasing prices for holiday celebrations, impacting grocery shopping behaviors. Despite a slowdown in inflation and stabilized food prices, 68% of consumers expressed worries about rising prices on their preferred foods, leading many to adjust their holiday plans. To address price concerns, 30% of consumers are seeking more deals and 24% said they’re preparing more dishes at home. Grocers are focusing on deals, promotions, and savings for holiday meals. Grocery Dive AMERICANS EXPECTED TO FINANCE GIFTS USING CREDIT CARDS A Forbes Advisor survey highlights Americans’ diverse spending plans for gifts. Approximately 38% of respondents anticipate spending between $501 to $1,000, while another 24% plan to splurge with over $1,000 allocated for gifts. Only 27% expect to spend between $1 to $500. Despite planning
www.rannv.org • Retail Association of Nevada
National News their holiday budgets, only 39% of respondents will use existing funds, while others plan to finance purchases using credit cards or by reducing saving allocations. The survey indicates that 42% of participants will add at least $501 to their credit card balances, with 11% charging over $1,000. Higher-earning households (earning at least $200,000 annually) are more likely to carry a balance on their cards. Additionally, Buy Now, Pay Later services are gaining popularity, with 33% planning to use them for financing gifts during the holiday season. Forbes AMAZON, WALMART PROMOTE ENHANCED EFFICIENCY IN HOLIDAY FULFILLMENT STRATEGIES As the holidays approach, Amazon and Walmart showcase the benefits of recent improvements in their fulfillment strategies. Walmart highlights the success of its “nextgeneration supply chain,” with operational nextgeneration fulfillment centers contributing to a significant increase in orders for next-day shipping. Walmart’s automated technology and expanded same-day
delivery hours aim to enhance accuracy and customer satisfaction. Additionally, Walmart plans to have seven automated market fulfillment centers within its stores by Thanksgiving. On the other hand, Amazon discusses the positive impact of its shift to a regional fulfillment network, exceeding expectations and emphasizing shorter delivery routes and faster speeds. The company aims to maintain the fastest delivery speeds for Prime customers in its history. Both retailers focus on optimizing efficiency and streamlining operations for a seamless holiday shopping experience. Grocery Dive MACY’S BEATS EXPECTATIONS IN Q3, OPTIMISTIC FOR HOLIDAY SEASON Macy’s reported better-than-expected results for the third quarter, with adjusted earnings per share at 21 cents, surpassing the expected 0 cents. The company’s revenue of $4.86 billion exceeded the estimated $4.82 billion, despite a 7% year-overyear decline in sales. Macy’s CEO Jeff Gennette expressed optimism about the upcoming holiday season, citing steady business across key
categories, particularly in beauty. The retailer’s inventory flexibility, an extra shopping weekend before Christmas, and favorable weather changes were noted as factors working in its favor. Macy’s also adjusted its full-year guidance, raising the low end of its expected sales range. Despite facing challenges, including a decline in same-store sales, the company’s strategic initiatives, such as opening smaller stores and refreshing brands, aim to drive growth. CNBC SHIPPING INDUSTRY ASSURES CAPACITY TO MEET HOLIDAY DEMAND Major carriers such as the U.S. Postal Service, FedEx, and UPS are wellprepared to handle the anticipated demand during the upcoming holiday season, offering positive news for both shippers and consumers. Unlike challenges faced during the pandemic, carriers now have the capacity to meet the projected demand. With a combined industry capacity exceeding 120 million parcels per day compared to a projected peak of 82 million, carriers are ready for the holiday rush. While the holiday Continued on page 11
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Retail Association of Nevada • www.rannv.org Retail Association of Nevada 2023 Legislative Score Card
Assembly
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www.rannv.org • Retail Association of Nevada
Senate
SCORED BILLS ASSEMBLY BILL 50 ORC: Granted the Attorney General authority to tackle organized retail crime, including crimes involving counterfeit goods. RAN Position: Support as amended. Status: Approved by the Governor. ASSEMBLY BILL 107 Pharmacy: Codifies registration requirements for pharmacists working offsite and adjusts regulations for out-of-state pharmacies serving Nevada patients. RAN’s stance: Support. Status: Approved by the Governor. ASSEMBLY BILL 250 Pharmacy: Prohibits reimbursement for drugs above a set maximum fair price, labeling violations as deceptive trade practices. RAN opposed, highlighting potential negative impacts on pharmacies. Status: Vetoed by the Governor. ASSEMBLY BILL 251 Pharmacy: Removes the language requirement for prescription labels, mandating information in Nevada's ten most commonly spoken languages. RAN’s stance: Support as amended. Status: Vetoed by the Governor. ASSEMBLY BILL 434 Pharmacy: Protects hospitals and pharmacies in the 340B Program from discriminatory practices by pharmacy benefit managers and health carriers. RAN’s stance: Support. Status: Approved by the Governor.
SENATE BILL 50 Taxation: Modified tax exemption claim processes for Nevada National Guard members, shifting to a refund system. RAN Position: Support as amended. Status: Approved by the Governor. SENATE BILL 76 Consumer Goods: Introduced regulations on the use of PFAS, prohibiting its use in certain consumer products and firefighting foam. RAN Position: Opposed. Status: Vetoed by the Governor. SENATE BILL 161 SNAP: Required the Department of Health and Human Services to allow SNAP and WIC benefits for menstrual products. RAN Position: Support. Status: Approved by the Governor. SENATE BILL 194: Introduces a process for exemptions from step therapy protocols, demanding evidencebased guidelines for protocol development. RAN’s stance: Support. Status: Approved by the Governor. SENATE BILL 370 Consumer Data: Aimed to protect consumer health data with various privacy and security measures. RAN Position: Opposed bill for Assembly & Senate votes. Neutral following conference committee agreement. Status: Approved by the Governor. SENATE ONLY SENATE BILL 352 Pharmacy: Focuses on pharmacy benefit managers, insurers, and contraceptive dispensing, including prohibiting prior authorization requirements for contraceptives. RAN’s stance: Neutral. Status: Died due to missed deadline. SENATE BILL 427 OSHA: Required workplace safety programs to include heat illness and air quality mitigation measures. RAN Position: Opposed. Status: Died due to missed deadline. ◆7
Retail Association of Nevada • www.rannv.org
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2024 Election Playing RAN Field Update Staff Report
S NEVADA GEARS UP FOR ITS LEGISLATIVE races, the state is experiencing a unique mix of political turnover and entrenched partisanship. This election season is marked by an unprecedented number of legislative retirements, signaling a potential shift in the state’s political dialogue. The arrival of new candidates brings hope for fresh ideas and perspectives within the legislature. However, the impact of these new faces is somewhat mitigated by Nevada’s political landscape. The
state’s gerrymandered districts have created a predictability in most legislative races, dominated by a single party. This situation suggests that, despite the influx of new candidates, there is little expectation of a significant shift in the legislative balance of power. This environment raises questions about the competitiveness and health of Nevada’s democratic process, as gerrymandering can stifle diverse political representation and debate. Adding to the political complexity is the situation of Nevada’s Republican governor. With Democrats holding a substantial sway in the legislature, the governor’s ability to shape policy IMPORTANT DATES hinges on flipping at 2024 ELECTION least one entrenched PREFERENCE 06 PRESIDENTIAL PRIMARY ELECTION Democratic NEVADA REPUBLICAN seat. This 08 PRESIDENTIAL CAUCUS requirement CANDIDATE FILING BEGINS adds a 04 (CLOSES ON 3/15) strategic PRIMARY ELECTION 11 JUNE dimension to (EARLY VOTING 5/25-6/7) the legislative GENERAL ELECTION 5 2024 (EARLY VOTING 10/19-11/1) races and underscores the intricate FEBRUARY
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balance of power in Nevada, where the ability to veto legislation is crucial for political leverage. Another significant factor in these elections is the proposed amendment to Nevada’s constitution regarding abortion rights. Similar measures in other states have shown to mobilize voters, especially in midterm elections, potentially altering the political landscape. This amendment, if it resonates with voters like similar measures have elsewhere, could pose a challenge to any hopes the Republican governor has of flipping seats. The issue of abortion rights has become a litmus test for many voters, potentially overshadowing other local and state issues and impacting voter turnout and preferences. Furthermore, the influence of national politics on these local races cannot be ignored. The narrative of Trump vs. Biden colors the statelevel political discourse, often overshadowing local issues. This suggests that voter decisions might be influenced more by national sentiments than the specific policies or merits of the candidates. Local candidates, therefore,
must navigate a political landscape where their alignment with national figures can be as critical as their stance on statespecific issues. Nevada’s legislative races in 2024 are a complex mix of new candidates, entrenched political structures, national influences, and crucial state-specific issues like the abortion rights amendment. Despite the significant candidate turnover, the overall partisan makeup of Nevada’s legislature is expected to see little change. These races are a vivid illustration of the nuances and contradictions of Nevada’s political environment, where fresh faces meet established systems and strategic calculations play a key role. As Nevada heads into this pivotal election season, it finds itself at a juncture of potential change and predictable outcomes. The results of these races will not only test individual candidates but will also reflect the broader political dynamics and challenges within the state, shaping Nevada’s political future in significant ways. ■
www.rannv.org • Retail Association of Nevada
A Call to Leadership: Nevada Small Business Owners, We Need You
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By Bryan Wachter
S WE ENTER the future workforce they more resilient Nevada. ANOTHER nurture – a workforce that Balancing the roles of ELECTION will drive our businesses a business owner and a YEAR, NEVADA and economy forward. public servant might seem faces critical challenges Our economy’s growth daunting, but remember, – our struggling schools, hinges on the innovation the state legislature’s partthe need for economic and adaptiveness that time nature is designed to growth, and the safety you, as entrepreneurs, accommodate professionals of our communities. As demonstrate daily. like you. This structure Nevada’s business owners, By running for public allows you to contribute your leadership, insights, office, you can apply to state governance while and experience are these skills to broader continuing to lead and grow Bryan Wachter urgently needed in our economic challenges. Your your businesses. It’s a unique state’s public offices. With experience in creating opportunity to serve our upon. In public office, the unique opportunity jobs, managing budgets, state in a meaningful and you can leverage this of part-time legislative and understanding market impactful way. knowledge to develop positions, you can make a dynamics is invaluable I urge you, the and support policies significant impact without in crafting policies that small business owners that enhance public stepping away from your can spur economic of Nevada, to consider safety and foster a secure business responsibilities. development and running for public office. environment for all Your role in business prosperity across Nevada. Our schools, our economy, residents. goes far beyond the daily Furthermore, the and the safety of our This is not just a call to operations of commerce. safety and well-being communities are areas service; it’s a plea for your You have a profound of our communities where your expertise and help, your leadership, and understanding of our local are paramount. As leadership can make a your dedication. Nevada economy and real difference. “This is not just a call to service; it’s a plea for your help, your the community’s Together, we can leadership, and your dedication. Nevada is at a crossroads, pulse. This address these insight is crucial challenges and facing issues that can significantly shape our future.” as we strive drive Nevada to strengthen our business owners, you towards a brighter, more is at a crossroads, facing educational systems. are integral members of issues that can significantly prosperous future. Your We need leaders these communities. You state needs you now more shape our future. The who understand the know the local concerns, than ever. Let’s join hands decision to run for public importance of robust the areas that need in this endeavor for a office and address these schools, not just for the improvement, and the better Nevada. ■ challenges head-on is a sake of education but for strengths we can build step towards a stronger,
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Retail Association of Nevada • www.rannv.org
Important Information for SIG Members NRS requires all existing members of a self-insured group to be notified of all new members. NRNSIG new members are listed below. NV St. Board of Architecture, Interior Design & Residential Design YMMR Inc dba Candlelight Bridal & Prom dba Ship it Postal NRNSIG members who wish to register a negative vote on a new group member, please write NRNSIG at 575 S. Saliman Road, Carson City, NV 89701, indicating which member and the reason(s) for the negative vote.
Why January 1 Starts the New Year January 1 starts the New Year according to the Gregorian calendar, which is the calendar in use today. In 45 B.C., New Year’s Day was celebrated on January 1 for the first time in history when the Julian calendar took effect (thanks to Julius Caesar’s reforms). Today’s Gregorian calendar was introduced in 1582 by Pope Gregory XIII to correct some slight inaccuracies but continues to start the year in January. The month of “January” is named for Janus, the ancient Roman god. Often depicted as having two faces—one looking forward and one looking back—Janus was the god of beginnings and endings, doors and gates, passageways and transitions.
“Workers’ comp that works for you” Retail Association of Nevada
Membership Information: Find out more about RAN’s self insured group. Call Pro Group, 800-859-3177, or the RAN office at 775-882-1700. Don’t forget to check out our website, www.RANNV.org. 10
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Nevada News Continued from page 4 voter ID and paper ballots, is a more secure process than the state primaries. The parallel election processes highlight divisions within the party and raise questions about the nomination process. Las Vegas Sun FORMULA ONE LAS VEGAS GRAND PRIX BOOSTS SOUTHERN NEVADA’S ECONOMY TO RECORD HEIGHTS Southern Nevada’s economy experienced what is predicted to be its most lucrative week in history, thanks to the Formula One Las Vegas Grand Prix, as
an estimated 315,000 attendees flooded the Strip. Executives from major resorts reported a significant financial boost, surpassing expectations and filling hotels and casinos during a traditionally slow week. Although the exact economic impact will be quantified in the coming weeks, anecdotal evidence suggests recordbreaking visitation and performance for luxury resorts, such as those owned by MGM Resorts International and Wynn Resorts. Despite logistical challenges, the inaugural event’s success has set
the stage for Formula One’s return in 2024, with officials already accepting deposits for tickets. Las Vegas Review-Journal NEVADA TEACHERS GROUP TO SUE OVER PLAN TO FUND A’S STADIUM A Nevada teachers’ group, Schools Over Stadiums, plans to sue the state legislature for allegedly violating the constitution by approving $380 million in public funds for a new A’s stadium in Las Vegas. Concurrently, Major League Baseball owners are meeting in
National News Continued from page 5 season is crucial for retailers, accounting for over half of annual sales, carriers like UPS and FedEx are actively hiring to meet peak demand, and the U.S. Postal Service has implemented operational improvements to enhance its daily capacity to 70 million packages. ABC News HOLIDAY SHOPPERS EMBRACE BUDGETFRIENDLY PRACTICES, KLARNA SURVEY SAYS Holiday shoppers in the U.S. are navigating economic challenges and credit card debt concerns, leading to increased adoption of
budget-friendly practices and new technologies, according to a survey by Klarna. The study, based on responses from over 15,000 consumers across 15 markets, high-lights the shift toward financial mindfulness. Over 50% of U.S. shoppers express concerns about credit card debt during the season, with 81% finding interest-free payment options like Buy Now, Pay Later appealing. The average gift budget is $740, significantly surpassing spending projections in other markets like Germany ($371) and France ($396). However, with rising prices, 61% of shippers altered their holiday shopping attitude.
Millennials have the highest budgets among age groups, totaling $1,169. AI adoption for smarter, budget-friendly
Texas to potentially approve the A’s relocation to Las Vegas, a move opposed by the Oakland 68’s group and A’s fans. Although relocation approval seems likely, multiple steps remain, including negotiating agreements with Las Vegas and Nevada, construction and operation agreements, and MLB approval of private financing. The lawsuit and a proposed voter referendum on public financing by the teachers’ group could further complicate and potentially delay the relocation process. KRON 4 San Francisco
shopping is on the rise, with 36% of US shoppers open to using AI. Yahoo Finance
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Nevada News Nevada News is published by the Retail Association of Nevada, a nonpartisan, nonprofit corporation founded in 1969 representing the Retail Community, the Chain Drug Council and the Grocery Industry Council.
Mary F. Lau President/CEO Bryan Wachter Senior Vice President Elizabeth MacMenamin Vice President of Government Affairs Piper Brown Vice President, Finance and Administration Megan Bedera Editor Sue Arzillo, Alphabet Soup Inc. Newsletter Design & Layout
Nevada Shoppers Contribute $609.0 Million Over Thanksgiving Weekend and Cyber Monday
Record 200.4 million Americans Hit Stores in Nationwide Shopping Spree
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URING THANKSGIVING WEEKEND AND CYBER Monday, Nevada saw a surge in consumer activity, with an estimated $609.0 million spent by 1.9 million people on gifts, decorations and various merchandise, according to the Retail Association of Nevada (RAN). Across the nation, a record-breaking 200.4 million Americans engaged in Thanksgiving weekend shopping,
a 1.9 percent increase from the previous year and the highest number of shoppers in recorded history. The number of shoppers exceeded the National Retail Federation’s (NRF) initial estimate of 182.0 million shoppers by 10.1 percent. According to the NRF, shoppers over the fiveday period that included Cyber Monday spent an average of $321.41, with $226.55 allocated toward gifts and holiday items.
NRF survey data revealed that 121.4 million U.S. consumers opted for in-store shopping, a 1.1 percent decline from 2022. Conversely, online shopping activity climbed 3.1 percent to 134.2 million consumers. Black Friday was the peak day for instore purchases with 76.2 million shoppers and for online shopping with 90.6 million consumers making virtual purchases. Cyber Monday was the second most-popular day for
online shopping with 73.1 million consumers making purchases. Fifty-five percent of Thanksgiving weekend purchases were driven by sales and promotions, up from 52.0 percent in 2022, according to the NRF survey. Additionally, 31.0 percent of consumers noted that a limitedtime sale or promotion influenced their purchase decisions, a rise from the previous year’s 29.0 percent. ■