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| Trade
The National Retail Federation today issued the following statement from President and CEO Matthew Shay after the U.S. Bureau of Labor Statistics released the latest Consumer Price Index numbers.
| Small Business
The National Retail Federation today announced five finalists for the 2022 America’s Retail Champions program. Now in its sixth year, America’s Retail Champions honors small retailers from across the country who make their mark on public policy debates affecting the retail industry.
| Port Tracker, Supply Chain, Trade, Economy, Forecasts
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 from NRF and Hackett Associates.
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The National Retail Federation today issued the following statement from Senior Vice President of Government Relations David French regarding the U.S. Food and Drug Administration’s (FDA) announcement to strengthen the U.S. infant formula supply without compromising quality standards.
| Economic Review, Economy, Retail Sales
The U.S. economy’s rate of growth is slowing, but NRF Chief Economist Jack Kleinhenz says consumers remain financially healthy and that the nation is unlikely to enter into a recession during the remainder of 2022.
| Supply Chain
As the Uyghur Forced Labor Prevention Act took effect, NRF, the American Apparel & Footwear Association, the Retail Industry Leaders Association and The United States Fashion Industry Association issued a joint statement calling the new law "a key component of a broad global strategy and our shared goal to end forced labor."
| Retail Sales, Economy
Retail sales slowed in May as consumers faced continuing inflation and higher prices for essentials like food and gasoline, NRF said.
| Supply Chain
NRF welcomed final passage of the Ocean Shipping Reform Act of 2022, which now goes to President Biden for his signature.
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NRF called on the Biden administration to repeal tariffs on goods from China, citing Consumer Price Index numbers released this morning by the U.S. Bureau of Labor Statistics.
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NRF will honor two veteran loss prevention professionals for their outstanding contributions to combat retail crime on June 23 during the annual NRF PROTECT conference in Cleveland.