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| Economic Review, Economy
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, NRF Chief Economist Jack Kleinhenz says.
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NRF has hired veteran trade association attorney Ceara Flake as vice president and deputy general counsel.
| Easter, Holidays & Seasonal
Consumers plan to spend an average $169.79 this year on Easter-related items, according to results of the annual survey released by the National Retail Federation and Prosper Insights & Analytics.
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NRF welcomed the announcement that a long-sought agreement in principle on transatlantic data flows has been reached between the United States and the European Union.
| Top Retailers
The National Retail Federation released its annual list of the Top 50 Global Retailers.
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NRF today said retailers plan to appeal a federal judge’s order dismissing a lawsuit seeking to have the Federal Reserve lower its cap on billions of dollars in “swipe” fees banks charge to process debit card transactions.
| Retail Sales, Economy, Annual Forecast, Forecasts
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, NRF said.
| Annual Forecast, Retail Sales, Forecasts
The National Retail Federation issued its annual forecast, anticipating that retail sales will grow between 6 percent and 8 percent to more than $4.86 trillion in 2022
| Cybersecurity
NRF welcomed final passage of legislation requiring businesses that own or operate critical infrastructure to report cyberattacks to federal authorities, saying it will help protect resources ranging from the nation’s electrical grid to the availability of essential consumer products.
| Economy
The National Retail Federation welcomed the final passage of the first major postal reform legislation approved by Congress in more than 15 years.