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| Economic Review, Holiday Forecast, Winter Holidays, Holidays & Seasonal, Forecasts, Retail Sales
Every retail holiday season since the pandemic has been unique, and that will be the case again this year, NRF Chief Economist Jack Kleinhenz said today.
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The NRF Foundation today announced the five undergraduate finalists of the NRF Foundation Next Generation Scholarship presented by SAS — the organization’s premier scholarship competition. First created in 2014, the scholarship is for students of various and diverse academic backgrounds who have demonstrated leadership skills, previous retail experience and a passion for making an impact in the retail industry.
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Basketball legend and entrepreneur Earvin “Magic” Johnson will share insights on his storied NBA Hall of Fame career and his success in business, entrepreneurship and philanthropy at NRF 2024: Retail’s Big Show in January
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The National Retail Federation today forecast that holiday spending is expected to reach record levels during November and December and will grow between 3% and 4% over 2022 to between $957.3 billion and $966.6 billion.
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The National Retail Federation today issued the following statement from Senior Vice President of Government Relations David French after the National Labor Relations Board issued its new rules concerning the joint employer standard under the National Labor Relations Act (NLRA).
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The National Retail Federation said a Federal Reserve proposal released today to lower the cap on debit card “swipe” fees is a welcome move but still leaves the fees significantly higher than banks’ cost to process the transactions.
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Those celebrating the winter holidays expect to spend $875 on average on gifts, decorations, food and other key seasonal items, according to the National Retail Federation’s latest consumer survey conducted by Prosper Insights & Analytics.
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The National Retail Federation today sent a legal analysis and warning to Tiare Technology Inc. regarding its abusive patent litigation. Tiare has filed more than three dozen lawsuits against retailers and restaurants seeking nuisance settlements, including six additional lawsuits just in September, asserting patents that are plainly invalid under the U.S. Supreme Court and Federal Circuit’s patent-eligibility decisions.
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NRF urged the Federal Reserve to approve lowering its 21-cent cap on debit card “swipe” fees when the Board of Governors meets next week to consider proposed regulations on the issue.
| Retail Sales, Economy
Retail sales continued to grow in September even as consumers faced continuing economic pressures, NRF said.