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| Workforce
NRF issued the following statement after the National Labor Relations Board (NLRB) withdrew its appeal of the U.S. District Court for the Eastern District of Texas’ decision to strike down the Board’s final joint employer rule. NRF and other major employment groups filed legal action against the NLRB after the final rule was released in October 2023.
| Retail Sales
Data released by the U.S. Census Bureau shows modest retail sales gains in June despite an uneven pace of spending in recent months, NRF Chief Economist Jack Kleinhenz said.
| Retail Sales
Retail sales showed moderate growth in June amid a still-solid economy and near-zero inflation for retail goods, according to the CNBC/NRF Retail Monitor, powered by Affinity Solutions, released by NRF.
| Small Business
The National Retail Federation today announced the five finalists of the 2024 America’s Retail Champions program. The program celebrates small business retailers who are exceptional advocates for the retail industry and the communities they serve.
| Back to School
As of early July, more than half (55%) of back-to-school and college shoppers have already begun buying items for the upcoming school year, according to the annual survey released today by the National Retail Federation and Prosper Insights & Analytics.
| Hot 100 Retailers
The National Retail Federation today released its annual list of the Top 100 Retailers, compiled by Kantar, a global marketing data, insight and consultancy company. The 2024 Top 100 Retailers ranks the industry’s largest companies according to domestic sales.
| Port Tracker
Monthly inbound cargo volume at the nation’s major container ports is continuing to rise despite a variety of supply chain challenges, according to the Global Port Tracker report from NRF and Hackett Associates.
| Economic Review
As inflation continues to ease and the Federal Reserve ponders when to lower interest rates, NRF Chief Economist says the nation is in a “critical moment” of waiting to see what will happen next.
NRF welcomed a U.S. Supreme Court ruling allowing a lawsuit that says the Federal Reserve set its 2011 cap on debit card “swipe” fees too high to move forward despite arguments that the suit was filed too late.
NRF welcomed a federal judge’s order rejecting the proposed settlement of a class-action antitrust lawsuit over “swipe” fees charged to merchants to process Visa and Mastercard credit card transactions.