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The National Retail Federation today announced five new additions to the organization’s Board of Directors. The new members were elected during the trade association’s summer board meeting in Washington, D.C.

Import cargo volume at the nation’s major container ports is expected to be 22% lower during the first half of 2023 than the same time last year despite increased consumer spending, according to the Global Port Tracker report released by NRF and Hackett Associates.

NRF called on Congress to pass long-sought legislation to address credit card “swipe” fees, welcoming a measure that would let retailers route transactions over competing networks that offer lower fees and improved security.

Economic indicators are giving conflicting signs but the nation does not appear to be in a recession and should be headed toward a soft landing from the rampant inflation and high interest rates of the past two years, NRF Chief Economist Jack Kleinhenz said in the June edition of NRF’s Monthly Economic Review.

The National Retail Federation issued the following statement from Senior Vice President of Government Relations David French after reports of a shutdown at the Ports of Oakland and Los Angeles over the weekend. The new disruptions come as the International Longshore and Warehouse Union (ILWU) and the Pacific Maritime Association have failed to reach and ratify a new labor agreement following more than a year of negotiations.

The National Retail Federation today issued the following statement from Senior Vice President of Government Relations David French after the Combating Organized Retail Crime Act of 2023 was introduced in the U.S. House.

Consumers will collectively spend a record-high $22.9 billion to celebrate Father’s Day this year, according to the annual survey released today by the National Retail Federation and Prosper Insights & Analytics. Total expected spending for the holiday is up from last year’s $20 billion and exceeds the previous record of $20.1 billion in 2021.

The National Retail Federation today issued the following statement from Senior Vice President of Government Relations David French in response to President Biden’s proposed budget for fiscal year 2024.  

NRF announced the recipients of the 2023 NRF PROTECT Awards, the highest loss prevention and asset protection recognitions in the retail industry. Six veteran loss prevention professionals will be honored on June 6 during the annual NRF PROTECT conference in Grapevine, Texas.

Retail sales bounced back in April, showing both month-over-month and year-over-year growth, NRF said.