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Record 196.7 Million Consumers Shop Over Thanksgiving Holiday Weekend

A record 196.7 million Americans shopped in stores and online during the five-day holiday shopping period from Thanksgiving Day through Cyber Monday, according to the annual survey released today by the National Retail Federation and Prosper Insights & Analytics. The total number of shoppers grew by nearly 17 million from 2021 and is the highest figure since NRF first started tracking this data in 2017. 

“The Thanksgiving holiday shopping weekend is a tradition treasured by many American families,” said NRF President and CEO Matthew Shay. “As inflationary pressures persist..."

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Nov 30 9:38 AM, General News



NRF Reiterates White House Call for Congressional Action to Avoid Rail Strike

The National Retail Federation today issued the following statement from President and CEO Matthew Shay following the White House’s call for immediate congressional intervention to avoid a rail strike and subsequent shut down of the U.S. freight rail system. The directive comes as the cooling off period expires Dec. 8 and railroads begin to suspend operations ahead of a labor strike.

“The freight rail system is an integral part of America’s transportation system, moving cargo to communities in every corner of the country every day..."

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Nov 29 9:32 AM, General News


NRF Calls on Congress to Take Action to Avert a Catastrophic Rail Strike

The National Retail Federation today issued the following statement from President and CEO Matthew Shay following the announcement that a fourth rail union has rejected the tentative agreement brokered by the administration among the labor unions and freight railroads.

“Millions of hardworking Americans rely on the freight rail system for their jobs and the economic security of our country. A nationwide rail strike during the peak holiday season will be devastating for American businesses, consumers and the U.S. economy.

“American businesses and families are already facing..."

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Nov 23 8:11 AM, General News


NRF Calls on Congress to Take Action to Avert a Catastrophic Rail Strike

The National Retail Federation today issued the following statement from President and CEO Matthew Shay following the announcement that a fourth rail union has rejected the tentative agreement brokered by the administration among the labor unions and freight railroads.

“Millions of hardworking Americans rely on the freight rail system for their jobs and the economic security of our country. A nationwide rail strike during the peak holiday season will be devastating for American businesses, consumers and the U.S. economy..."

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Nov 22 1:32 PM, General News


Record 166.3 Million Shoppers Expected During Thanksgiving Weekend

An estimated 166.3 million people are planning to shop from Thanksgiving Day through Cyber Monday this year, according to the annual survey released today by the National Retail Federation and Prosper Insights & Analytics. This figure is almost 8 million more people than last year and is the highest estimate since NRF began tracking this data in 2017.

“While there is much speculation about inflation’s impact on consumer behavior, our data tells us that this Thanksgiving holiday weekend will see robust store traffic with a record number of shoppers taking advantage of value..."

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Nov 21 8:20 AM, General News


ezCater Survey Reveals Free Meals Help Retain Hard-Working Employees During the Busy Holiday Season

The holiday season is here, and 4 out of 5 (84%) onsite workers at stores, warehouses, factories, call centers, and transit hubs anticipate working overtime this holiday season, according to a recent survey by ezCater. The National Retail Federation expects retailers will hire between 450,000 and 600,000 seasonal workers in 2022. With the unemployment rate hovering around a 50-year low, the competition for talent is fierce.

ezCater, the most trusted provider of corporate food solutions, recently surveyed over 1,100 onsite workers across a variety...

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Nov 18 7:55 AM, General News


With Retailers Well Stocked, Imports are Slowing as Holiday Season Ramps Up

Retailers expect a busy holiday season the next two months but imports at the nation’s major container ports should continue to slow from records set earlier in the year, according to the monthly Global Port Tracker report released today by the National Retail Federation and Hackett Associates.

“Cargo levels that historically peak in the fall peaked in the spring this year as retailers concerned about port congestion, port and rail labor negotiations and other supply chain issues stocked up far in advance of the holidays,” NRF Vice President...

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Nov 9 8:00 AM, General News


NRF Says Strong Consumer Fundamentals Counter Inflation and Interest Rates in Holiday Forecast

The National Retail Federation balanced high inflation and rising interest rates against strong consumer fundamentals as it developed its 2022 holiday spending forecast, Chief Economist Jack Kleinhenz said today.

“There are many factors impacting our holiday forecast, but business conditions are generally positive as consumer fundamentals continue to support economic activity,” Kleinhenz said. “Despite record levels of inflation, rising interest rates and low levels of confidence, consumers have been steadfast in their spending and remain in the driver’s seat. The latest figures show the economy..."

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Nov 7 9:17 AM, General News


NRF Predicts Healthy Holiday Sales as Consumers Navigate Economic Headwinds

Holiday spending is expected to be healthy even with recent inflationary challenges, as the National Retail Federation today forecast that holiday retail sales during November and December will grow between 6% and 8% over 2021 to between $942.6 billion and $960.4 billion. Last year’s holiday sales grew 13.5% over 2020 and totaled $889.3 billion, shattering previous records. Holiday retail sales have averaged an increase of 4.9% over the past 10 years, with pandemic spending in recent years accounting for considerable gains.

“While consumers are feeling the pressure..."

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Nov 4 8:35 AM, General News


Year-Over-Year Retail Sales Growth Continues

Retail sales remained strong on a monthly basis and saw another year-over-year gain in September despite an interest rate hike from the Federal Reserve and continuing inflation, the National Retail Federation said today.

“September retail sales confirm that even with rising interest rates, persistent inflation, political uncertainty and volatile global markets, consumers are spending for household priorities,” NRF President and CEO Matthew Shay said. “As we enter the holiday season, shoppers are increasingly seeking deals and discounts to make their dollars stretch, and retailers are already meeting this demand. However, the..." 

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Oct 17 9:53 AM, General News


NRF Opposes Proposed Independent Contractor Rule

The National Retail Federation today issued the following statement from Senior Vice President of Government Relations David French regarding the new proposed rule from the Department of Labor on independent contractor status.

“The modern workplace is more complex in the wake of the COVID-19 pandemic. Retailers, along with countless other employers, maintain a wide range of business relationships with independent contractors, including billing, facility maintenance, data analysis, delivery, marketing and other critical services...

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Oct 11 1:07 PM, General News


Imports Headed to Lowest Level Since Early 2021 But Retailers Are Well Stocked for Holidays

Imports at the nation’s major container ports are expected to fall to their lowest level in nearly two years by the end of 2022 even though retail sales continue to grow, according to the monthly Global Port Tracker report released today by the National Retail Federation and Hackett Associates.

“The holiday season has already started for some shoppers and, thanks to pre-planning, retailers have plenty of merchandise on hand to meet demand,” NRF Vice President for Supply Chain and Customs Policy Jonathan Gold said...

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Oct 10 9:27 AM, General News


Retailers Welcome Executive Order on Transatlantic Data Flows

The National Retail Federation welcomed the White House’s announcement on Friday of an executive order that lays the groundwork to restore the EU-U.S. Privacy Shield program as the improved EU-U.S. Data Privacy Framework. The announcement advances the agreement in principle reached between the United States and European Union in March of this year.

“We applaud the Biden administration for taking this timely action to safeguard transatlantic data flows on which the global retail industry depends,” said NRF Senior Vice President of Government Relations David French. “NRF has long engaged with..."

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Oct 10 9:25 AM, General News


Rep. Peter Welch Recognized as NRF ‘Champion of Main Street’

The National Retail Federation today presented Vermont Congressman Peter Welch with the association’s “Champion of Main Street” award during a ceremony with the Vermont Retail & Grocers Association.

“Congressman Welch is among the retail industry’s strongest advocates, affecting positive change for local businesses and his constituents alike,” NRF President and CEO Matthew Shay said. “As a fierce proponent of swipe fee transparency and credit card competition, NRF is proud to recognize his leadership through the 2022 ‘Champion of Main Street’ Award.”

Last month, Welch introduced the Credit Card Competition Act in...

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Oct 7 8:57 AM, General News


Retailers Say New Fed Debit Card Regulations Mean Networks Will Have to Compete Online

The National Retail Federation today welcomed the Federal Reserve’s approval of regulations that clarify that banks and credit card networks are legally required to give retailers a choice between two unaffiliated networks over which to route debit card transactions regardless of whether purchases take place in-store or online.

“The Federal Reserve has declared once and for all that a debit transaction is a debit transaction no matter where it takes place and that merchants have the right to choose the network that offers the..."

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Oct 4 9:35 AM, General News


NRF Says Consumers Still Spending Despite Worries Over Inflation and Interest Rates

Consumers remain worried about high inflation and Federal Reserve interest rate hikes intended to bring inflation under control, but neither has stopped them from spending, National Retail Federation Chief Economist Jack Kleinhenz said today.

“The economic situation in the United States is unsettling,” Kleinhenz said. “Consumer confidence is down, consumer spending’s rate of growth has slowed, and economists and consumers alike are worried about the possibility of a recession, all reflecting persistently high inflation and rising interest rates. Nonetheless, spending continues to grow, and many economists say a..."

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Oct 4 8:00 AM, General News


Food Retailers Missing Out on Revenue Opportunities, New Study Reveals

OSF Digital releases the 2022 Grocery Omnichannel Retail Index with insights for food retailers and grocers to accelerate growth and increase loyalty

OSF Digital, an award-winning provider of digital transformation services to companies worldwide, announced the release of the 2022 Grocery Omnichannel Retail Index (ORI) findings in partnership with FMI, the Food Industry Association, and NRF, the National Retail Federation. The 2022 Grocery ORI reveals progress in omnichannel best practices; however, the majority of food retailers are still behind in developing integrated, seamless, and personalized experiences across all channels...

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Sep 21 12:00 PM, General News


August Retail Sales Supported by Job and Wage Gains Amid Continued Inflation

Consumers’ willingness to spend overcame inflation again in August as more jobs and higher wages helped ease some of the pressure of continuing high prices, the National Retail Federation said today.

“August retail sales show consumers’ resiliency to spend on household priorities despite persistent inflation and rising interest rates,” NRF President and CEO Matthew Shay said. “As we gear up for the holiday season, consumers are seeking value to make their dollars stretch. Retailers have been hard at work managing their supply chains and holiday inventories to provide..."

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Sep 19 8:00 AM, General News


NRF Statement on Tentative Rail Agreement

The National Retail Federation today issued the following statement from President and CEO Matthew Shay following the White House’s overnight announcement that a tentative agreement has been reached between freight railroads and rail labor organizations, avoiding a shutdown of the freight rail system.

“We are relieved and cautiously optimistic that this devastating nationwide rail strike has been averted. We appreciate the Biden administration’s intervention on behalf..."

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Sep 16 8:00 AM, General News


NRF Foundation Board Names Two New Members

The NRF Foundation Board of Directors today named two new members during its latest meeting. The NRF Foundation Board is comprised of professionals who support the organization’s mission to connect people to life-changing opportunities in retail in communities nationwide through career resources, training and scholarships.

The new board members are:

- University of Maryland Smith School of Business Director of Undergraduate Career Programming Ashlee Chicoine
- Columbia College Chicago Undergraduate and 2022 NRF Foundation Next Generation Scholar Robert Davison Long...

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Sep 15 8:44 AM, General News


Import Slowdown Continues as Fed Tries to Rein in Consumer Demand

With inflation continuing and the Federal Reserve hoping to cool demand through higher interest rates, imports at the nation’s major container ports are expected to fall below last year’s levels for the remainder of 2022, according to the monthly Global Port Tracker report released by the National Retail Federation and Hackett Associates.

“Consumers are still buying, but the cargo surge we saw during the past two years appears to be slowing down,” NRF Vice President for Supply Chain and Customs Policy Jonathan Gold said. “Cargo volumes are solidly..."

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Sep 8 8:00 AM, General News


NRF Says Growth Has Slowed But Indicators Disagree on Whether the Nation is in a Recession

U.S. economic growth has slowed, but it still isn’t clear if the nation is in a recession, National Retail Federation Chief Economist Jack Kleinhenz said today.

“As we come to the end of the summer, economic indicators are signaling an unsteady U.S. expansion in the face of several headwinds,” Kleinhenz said, noting ongoing inflation, Federal Reserve interest rate hikes, the volatile stock market and other issues. “These factors are all contributing to the debate on whether the economy is..."

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Sep 2 8:04 AM, General News


July Retail Sales Show Consumers Still Shopping Despite Inflation

Core retail sales as calculated by the National Retail Federation rose in July even as overall sales reported by the Census Bureau remained flat on a monthly basis, and both calculations showed strong year-over-year gains as consumers kept shopping despite high inflation, NRF said today.

“Retail sales grew in July, supported by declines in prices at the gas pump and moderately lower inflation,” NRF President and CEO Matthew Shay said. “Consumers are adapting to higher prices by prioritizing essentials like food and back-to-school items, and retailers are..."

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Aug 18 8:00 AM, General News


NRF Says Economy is Strong Enough to ‘Keep a Recession at Bay’ Despite Two Quarters of Decline

Despite two consecutive quarters of decline, the U.S. economy still does not appear to be in a recession and remains unlikely to enter one this year, National Retail Federation Chief Economist Jack Kleinhenz said today.

“Back-to-back contractions have heightened fear of a recession, but while the economy has lost momentum heading into the second half of the year, economic data is not yet consistent with a typical recession,” Kleinhenz said. “Our view is that while the economy is functioning at a..."

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Aug 3 8:41 AM, General News


Retailers Welcome Action But Say House Bill Fails to Create a Uniform National Privacy Law

The National Retail Federation called on the House to move cautiously on federal privacy legislation, saying a measure approved today by the Energy and Commerce Committee fails to establish a single national standard for U.S. data privacy law.

“We appreciate that the committee has worked tirelessly to improve this bill during the subcommittee and full committee processes,” NRF Senior Vice President for Government Relations David French said. “The legislation adopted today appropriately revised a provision to safeguard customer loyalty programs that help make everyday necessities..."

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Jul 22 9:13 AM, General News


June Retail Sales Increased Despite Rising Inflation

Retail sales increased in June even as inflation climbed higher and drove up prices across the board, the National Retail Federation said today.

“June retail sales data shows that consumers remain on solid footing despite rising prices and an active Fed raising interest rates to combat it,” NRF President and CEO Matthew Shay said. “Inflation has consumers modifying their spending behavior and prioritizing essentials like food, energy and back-to-school items. Unfortunately, modified consumer behavior won’t be sufficient to offset persistent price increases. Other policy measures like removing China tariffs, enacting smart..."

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Jul 15 11:49 AM, General News


U.S. Ports Set Another Record as Volume Remains High and West Coast Labor Contract Talks Continue

Imports set another record high this spring as the nation’s major container ports worked to reduce congestion and retailers stocked up before dockworkers’ West Coast labor contract expired, according to the monthly Global Port Tracker report released today by the National Retail Federation and Hackett Associates.

“Cargo volume is expected to remain high as we head into the peak shipping season, and it is essential that all ports continue to operate with minimal disruption,” NRF Vice President for Supply Chain and Customs Policy Jonathan...

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Jul 11 8:24 AM, General News


NRF Responds to Rising CPI by Urging Administration to Repeal China Tariffs

The National Retail Federation today called on the Biden administration to repeal tariffs on goods from China, citing Consumer Price Index numbers released this morning by the Bureau of Labor Statistics.

“This report showing that rampant inflation continues is one more reason for the administration to move quickly to repeal tariffs,” NRF President and CEO Matthew Shay said. “Independent researchers and government agencies agree that ending tariffs is the fastest way to relieve the pressure of higher prices that American businesses, workers and consumers are facing every day...

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Jun 14 7:12 AM, General News


US Ports Remain at Near-Record Volume as Demand Continues & West Coast Contract Deadline Approaches

Imports at the nation’s major retail container ports should see near-record volume again this month as retailers work to meet still-strong consumer demand and also protect themselves against potential disruptions at West Coast ports, according to the monthly Global Port Tracker report released today by the National Retail Federation and Hackett Associates.

“We’re in for a busy summer at the ports,” NRF Vice President for Supply Chain and Customs Policy Jonathan Gold said. “Back-to-school supplies are already arriving, and holiday merchandise..." 

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Jun 9 8:00 AM, General News


Retailers Say New Biofuel Levels Will Drive Up Food Prices

The National Retail Federation today said biodiesel levels set by the Environmental Protection Agency for this year are too high and will drive up inflation for already high food prices, especially processed foods that rely on food oils from crops like soybeans.

“For more than a year, we’ve alerted the EPA and the administration about the shortage of food oils, which is causing significant disruptions throughout the supply chain and raising food costs for consumers,” said David French, NRF’s senior vice president for government relations and executive director of...

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Jun 8 8:22 AM, General News


The Fresh Market is Your One-Stop-Shop for Father's Day

The Fresh Market, Inc. wants to help families celebrate dad and spend time together this Father's Day with a variety of deals and products to help make the day a memorable one. The specialty food retailer is offering special pricing on a Father's Day meal, along with several gift options for dad's big day.

According to the National Retail Federation, one of the top gifts this Father's Day is to plan a special outing with dad. The Fresh Market's Father's Day meal takes the guesswork out of planning where...

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Jun 6 10:08 AM, General News


NRF Says Economy ‘Being Rebalanced’ but ‘Extreme Cooling Off’ Seems Unlikely

The Federal Reserve faces “a tricky job” in addressing inflation but continuing growth in employment, wages and consumer spending make it unlikely the effort will backfire into a major setback for the economy, National Retail Federation Chief Economist Jack Kleinhenz said today.

“With changes underway that focus on taming inflation without splintering the economy, the nation’s economic system is in the process of being rebalanced in ways that are testing its resilience,” Kleinhenz said. “This is an extraordinary period with unprecedented factors that include inflation at a..."

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Jun 2 8:00 AM, General News


April Retail Sales Grew With Consumers ‘Taking Higher Prices in Stride’

Consumers accustomed to inflation continued to spend in April as retail sales overcame higher prices to show both monthly and year-over-year increases, the National Retail Federation said today.

“April retail sales demonstrate consumer strength and willingness to spend despite persistent inflation, supply chain constraints, market volatility and global unrest,” NRF President and CEO Matthew Shay said. “While consumers are facing higher prices, they are preserving their budgets by shopping smart. Retail businesses are also facing increased costs like higher energy bills and rents as well as the..."

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May 18 8:58 AM, General News


U.S. Ports Set New Record for Imports

Imports at the nation’s major retail container ports set a new record this spring and are expected to see near-record volume this month as retailers bring in merchandise ahead of rising costs and further supply chain issues, according to the monthly Global Port Tracker report released today by the National Retail Federation and Hackett Associates.

“Retailers are importing record amounts of merchandise to meet consumer demand, but they also have an incentive to stock up before inflation can drive costs higher,” NRF Vice President for Supply Chain and Customs Policy Jonathan Gold...

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May 9 8:02 AM, General News


Retailers Say Small Businesses Are Hardest Hit by Rising Credit Card Swipe Fees

The National Retail Federation and a group of small retailers told Congress today small businesses are the hardest hit by high credit card “swipe” fees that are driving up inflation and that they want to see more competition in the payments market.

“Ongoing and unwarranted increases in swipe fees are especially damaging to small retailers,” NRF Chief Administrative Officer and General Counsel Stephanie Martz said. “We have heard many stories from small retailers about the extreme challenges posed by the current payments system and Visa and..."

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May 5 8:00 PM, General News


NRF Says Economy Should Continue ‘Bustling Forward’ as Fed Works to Bring Inflation Under Control

The economy’s fast-paced growth could slow somewhat as the Federal Reserve tries to bring inflation under control in the next few months, but consumers are likely to keep on shopping as lower inflation eases uncertainty, National Retail Federation Chief Economist Jack Kleinhenz said today.

“The Fed’s tightening has kicked off a new cycle of adjustment and the outlook for interest rates has consequences for consumers and businesses alike,” Kleinhenz said. “There is a growing list of uncertainties, and the risks are mounting. But underlying..."

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May 4 8:36 AM, General News


U.S. Ports Seeing Brief Slowdown From Last Year But Imports Remain High

The nation’s major retail container ports have begun to catch up with the backlog of cargo seen over the past several months, but could experience another surge this summer, according to the monthly Global Port Tracker report released today by the National Retail Federation and Hackett Associates.

“As we entered 2022, the biggest question was when the supply chain would return to normal,” NRF Vice President for Supply Chain and Customs Policy Jonathan Gold said. “Unfortunately, we still don’t have a definitive answer. Congestion at..."

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Apr 8 7:58 AM, General News


NRF Chief Economist Says Economy Has ‘Strong Momentum’ Despite Challenges From Inflation and Ukraine

Top challenges have shifted from COVID-19 to inflation and the war in Ukraine, but the U.S. economy will continue to face uncertainties in the year ahead, National Retail Federation Chief Economist Jack Kleinhenz said today.

“While the public health situation has greatly improved, the impact of the pandemic continues to spread,” Kleinhenz said. “That ripple has extended into 2022 and includes a disproportionate impact from inflation reaching a 40-year high brought about by strong consumer demand interacting with restricted supply...”

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Apr 4 9:00 AM, General News


NRF Names New Deputy General Counsel

The National Retail Federation today announced that it has hired veteran trade association attorney Ceara Flake as vice president and deputy general counsel.

“As a long-time counsel at a major trade association, Ceara Flake has been a trusted legal advisor to both internal clients and corporate stakeholders,” NRF Chief Administrative Officer and General Counsel Stephanie Martz said. “Beyond her legal skills, she has a proven record of collaborating cross-functionally to promote innovation. She brings broad experience and expertise that will be highly valuable to both NRF and our member companies...”

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Apr 1 8:24 AM, General News


More Consumers Hunting for Bargains this Easter

Consumers plan to spend an average $169.79 this year on Easter-related items, according to results of the annual survey released today by the National Retail Federation and Prosper Insights & Analytics. A total of 80 percent of Americans will celebrate the holiday and spend a collective $20.8 billion, down slightly from last year's forecast of $21.6 billion.

“Consumers are eager to return to their pre-pandemic holiday traditions, particularly as it relates to purchasing food and gifts for in-person celebrations this Easter,” said NRF President and CEO Matthew Shay...

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Mar 29 8:00 AM, General News


NRF Welcomes EU-U.S. Agreement on Transatlantic Data Flows

The National Retail Federation welcomed the announcement today that a long-sought agreement in principle on transatlantic data flows has been reached between the United States and the European Union.

“Transatlantic data flows are vitally important to global retailers that operate establishments in Europe or sell goods online or by mobile apps to European consumers,” NRF Senior Vice President for Government Relations David French said. “NRF and our members have long supported a coherent regulatory system for EU-to-U.S. data transfers that works for both consumers and businesses and provides..."

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Mar 28 8:28 AM, General News


NRF Releases 2022 Top 50 Global Retailers

The National Retail Federation today released its annual list of the Top 50 Global Retailers. Conducted with Kantar, the 2022 Top 50 Global Retailers list is a compilation of the 50 most impactful international retailers based on their operations at the start of 2021.

Walmart continues to be the world’s largest retailer, having made significant investments in omnichannel marketplaces, in-store services and fulfillment models. Holding on to the same rankings as 2021, Amazon.com came in second, Schwarz Group came in at No. 3 and Aldi came in fourth. Costco came in as...

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Mar 23 1:00 PM, General News


February Retail Sales Rose Strongly Year-Over-Year While Monthly Pace Slowed Amid Inflation

Retail sales showed a strong year-over-year gain in February, but the monthly pace slowed compared with January as inflation drove up prices and lingering effects of the COVID-19 omicron variant affected the supply chain, the National Retail Federation said today.

“Retail sales data continues to show impressive consumer resilience,” NRF President and CEO Matthew Shay said. “Despite all that’s been thrown at them including inflation, supply chain constraints, market volatility and significant geopolitical events, consumers remain able and willing to spend... 

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Mar 17 8:00 AM, General News


NRF Forecasts Annual Retail Sales to Grow Between 6 Percent and 8 Percent

The National Retail Federation today issued its annual forecast, anticipating that retail sales will grow between 6 percent and 8 percent to more than $4.86 trillion in 2022. The announcement was made during NRF’s annual State of Retail & the Consumer virtual event where retail industry leaders discussed the strength of the consumer economy and the future of retail.

“NRF expects retail sales to increase in 2022, as consumers are ready to spend and have the resources to do so,” NRF President and CEO Matthew Shay said...

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Mar 16 8:28 AM, General News


Near-Record Import Levels Expected at U.S. Ports as Congestion Continues

Imports at the nation’s major retail container ports are expected to be at near-record levels this spring and summer as consumer demand and supply chain challenges continue to result in congestion, according to the monthly Global Port Tracker report released today by the National Retail Federation and Hackett Associates.

“Consumers are still spending and the supply chain is still working to keep up,” NRF Vice President for Supply Chain and Customs Policy Jonathan Gold said. “Growth rates have slowed down from the off-the-charts numbers we saw..."

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Mar 9 8:48 AM, General News


NRF Chief Economist Says Inflation Isn’t Hitting Everyone the Same, but Will Still Play a Key Role 

Inflation is at a 40-year high but isn’t hitting all consumers as hard as top-line numbers might suggest, National Retail Federation Chief Economist Jack Kleinhenz said today. Nonetheless, consumer worries about rising prices could become self-fulfilling if workers demand higher wages to compensate and will play a role in the Federal Reserve’s efforts to bring inflation under control.

“After decades of relatively low levels, inflation is on everyone’s mind and has been making consumers and businesses..."

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Mar 8 9:08 AM, General News


Tech Policy Expert Joins National Retail Federation

The National Retail Federation today announced that it has hired veteran technology policy expert Michael Lemon to manage NRF’s portfolio of e-commerce and related issues as vice president for legal affairs.

“Mike Lemon has worked on technology-related issues ranging from privacy to intellectual property for more than a decade, both on Capitol Hill and in the private sector,” NRF Chief Administrative Officer and General Counsel Stephanie Martz said. “His wealth of experience and expertise will be invaluable as we advocate on behalf of the retail industry on these complex and..."

 

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Mar 2 8:00 AM, General News


NRF Stresses Urgency with West Coast Port Contract Negotiations

To avoid additional supply chain disruptions, the National Retail Federation is encouraging the International Longshore and Warehouse Union (ILWU) and the Pacific Maritime Association (PMA) to begin contract negotiations well before the June 30 contract expiration.

“Imports at the nation’s major West Coast ports reached unprecedented levels over the past two years despite supply chain disruptions brought on by the COVID-19 pandemic,” NRF President and CEO Matthew Shay said. “We applaud the work of labor and management to address this surge, but we need to make sure the contract negotiations..."

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Feb 25 8:10 AM, General News


January Retail Sales Overcome Omicron and Inflation to Show Strong Gains

Retail sales powered through COVID-19’s omicron variant, inflation and other challenges to post strong increases in January, the National Retail Federation said today.

“January’s numbers show that 2022 is starting very strong for consumers and retailers, especially on the heels of a record holiday season and record sales in 2021,” NRF President and CEO Matthew Shay said. “While the year ahead has challenges with inflationary pressures, labor shortages, COVID-19 impacts and uncertainty related to international tensions in Russia and China, today’s numbers show that despite these..."

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Feb 17 8:01 AM, General News


Congested Retail Ports to See Welcome Break From Rapid Import Growth During First Half of 2022

Imports at the nation’s congested container ports are expected to grow modestly during the first half of 2022, but continued high volumes will keep up pressure that built as the economy bounced back from the pandemic last year, according to the monthly Global Port Tracker report released today by the National Retail Federation and Hackett Associates.

“We’re not going to see the dramatic growth in imports we saw this time last year, but the fact that volumes aren’t falling is a clear sign of..."

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Feb 10 8:47 AM, General News


NRF Chief Economist Says Growth Likely to Continue Even as Fed Works to Slow Inflation

Coming up on two years since the short-lived 2020 recession, the United States appears to be at the midpoint of an economic cycle that should continue to see growth even as the Federal Reserve raises interest rates to bring inflation under control, National Retail Federation Chief Economist Jack Kleinhenz said today.

“The maturing economy remains in growth mode and there is good reason to expect it will soon approach normal trends,” Kleinhenz said. “Despite ongoing challenges, we are clearly still in an..."

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Feb 3 7:58 AM, General News


NRF Responds to Supreme Court Decision on OSHA Employer Vaccine Mandate

The National Retail Federation today issued the following statement from Senior Vice President of Government Relations David French regarding the U.S. Supreme Court’s decision to reimpose a stay of the Occupational Safety and Health Administration’s (OSHA) COVID-19 employer-based vaccination and testing Emergency Temporary Standard (ETS). NRF joined more than 26 other trade associations last week to present oral arguments before the court on the legality of the mandate.

“While NRF has maintained a strong and consistent position related to the importance of vaccines in helping to..."

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Jan 14 8:26 AM, General News


Retail Import Growth Levels Out But Volume Remains High

After a year of unprecedented increases, imports at the nation’s major retail container ports are expected to return to normal growth rates in 2022 but volumes will remain high, according to the monthly Global Port Tracker report released today by the National Retail Federation and Hackett Associates.

“Even with the holiday season behind us, supply chain challenges continue,” NRF Vice President for Supply Chain and Customs Policy Jonathan Gold said. “The huge increases in imports we’ve seen have leveled out, but volume is still at high levels..."

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Jan 10 8:01 AM, General News


Omicron Could Contribute to Uncertainty and Inflation But is Unlikely to Bring Shutdowns, NRF Says

The COVID-19 omicron variant will bring uncertainty to the economy in 2022 and could contribute to inflation, but is unlikely to cause widespread shutdowns or slowdowns, National Retail Federation Chief Economist Jack Kleinhenz said today.

“Even with the experience of the past two years, there is no model that can predict how the economy responds to a pandemic,” Kleinhenz said. “What we have learned is that each successive variant has slowed down the economy but that the degree of slowdown has been less...”

 

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Jan 6 8:03 AM, General News


NRF Responds to Stay Lifted for OSHA Employer Vaccine Mandate

The National Retail Federation today issued the following statement from Senior Vice President of Government Relations David French regarding the Sixth Circuit U.S. Court of Appeals’ decision to lift the stay for the Occupational Safety and Health Administration’s (OSHA) COVID-19 employer-based vaccination and testing Emergency Temporary Standard (ETS).

“NRF is disappointed that the Sixth Circuit has decided to lift the stay instituted by the Fifth Circuit. NRF will consider additional legal options. We will also continue to prepare our members to comply with this onerous mandate..."

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Dec 20 9:14 AM, General News


November Retail Sales Put Holiday Season on Track to Set New Records

Retail sales continued to grow in November, putting the 2021 holiday season on the home stretch for record spending despite inflation, supply chain disruptions and COVID-19, the National Retail Federation said today.

“Despite economic headwinds, November retail sales data confirms that consumers continue to spend, as demonstrated by a 14 percent increase in sales year-over-year,” NRF President and CEO Matthew Shay said. “We expect demand will remain strong through December, even though consumers started holiday shopping earlier than ever this year. Despite the rise of..."

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Dec 16 8:00 AM, General News


NRF Issues Statement on House Passage of Ocean Shipping Reform Act

The National Retail Federation today issued the following statement from Senior Vice President of Government Relations David French after the U.S. House of Representatives voted to approve the Ocean Shipping Reform Act (OSRA) of 2021. The bipartisan legislation, sponsored by Congressmen John Garamendi (D-CA) and Dusty Johnson (R-SD), would provide critical updates to the international maritime transportation system, which has been severely impacted by COVID-19.

“The Shipping Act has remained unchanged for nearly 20 years, as the global supply chain has continued to grow and evolve..."

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Dec 10 8:50 AM, General News


2021 Retail Imports to Show Record Growth Despite Pandemic

Imports at the nation’s major retail container ports are expected to end 2021 with both the largest volume and fastest growth on record despite supply chain disruptions brought on by the COVID-19 pandemic, according to the monthly Global Port Tracker report released today by the National Retail Federation and Hackett Associates.

“This has been an unprecedented year,” NRF Vice President for Supply Chain and Customs Policy Jonathan Gold said. “We’ve seen more disruption than ever before because of issues along every step of the supply chain and continued strong consumer..."

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Dec 9 8:00 AM, General News







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Foodmarket, a specialized media offering from Urner Barry, is the premier source of market news for the food industry.

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