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| Port Tracker
With the holiday season over, inbound cargo volume at the nation’s major container ports should gradually slow during the first quarter of 2024 before beginning to build again in the spring, according to the Global Port Tracker report released by NRF and Hackett Associates.
| Economy
Retailers have been focused on efforts to mitigate returns, as total returns for the industry amounted to $743 billion in merchandise in 2023, according to a report released by the National Retail Federation and Appriss Retail. As a percentage of sales, the total return rate for 2023 was 14.5%.
| Careers & Leadership
The NRF Foundation today announced the top three teams for the 2024 NRF Foundation University Student Challenge Presented by Kohl’s, the competition provides undergraduate students with the opportunity to apply classroom skills in a real-world setting.
| Retail Sales, Holiday Forecast, Economy
November results reported by the U.S. Census Bureau show holiday season retail sales appear likely to meet NRF's forecast, NRF Chief Economist Jack Kleinhenz said.
| Sustainability
NRF announced the launch of a new NRF Center for Retail Sustainability, which will serve as the industry’s hub to support retailers’ efforts to generate economic value while creating net positive environmental, social and community benefits.
| Holidays & Seasonal
Nearly 142 million consumers plan to shop on the last Saturday before Christmas, according to the latest survey from the National Retail Federation and Prosper Insights & Analytics. The number of expected shoppers is up significantly from the last time Super Saturday fell on Dec. 23, when 126 million consumers were expected to shop on that day in 2017.
| Leadership
Salesforce Chair and CEO Marc Benioff and Walmart U.S. President and CEO John Furner will participate in a fireside chat at NRF 2024: Retail’s Big Show, discussing the future of artificial intelligence (AI) and its impacts on business.
| Retail Sales, Economy, Holiday Forecast, Forecasts
The holiday shopping season got off to a good start in November as retail sales showed strong gains, according to the CNBC/NRF Retail Monitor, powered by Affinity Solutions, released by NRF.
| Economic Review, Economy, Winter Holidays, Holiday Forecast
After a year of challenges, NRF Chief Economist Jack Kleinhenz says the economy has proven to be healthy even as it continues to slow.
| Port Tracker, Supply Chain, Economy, Winter Holidays
Inbound cargo volume at the nation’s major container ports should continue to slow in the final weeks of 2023 after reaching its peak later than expected this fall, according to the Global Port Tracker report from NRF and Hackett Associates.