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Monthly inbound cargo volume at the nation’s major container ports is expected to reach its highest level in nearly two years this summer, according to the Global Port Tracker report from NRF and Hackett Associates.

Retail sales jumped significantly in May, showing strong increases both month over month and year over year, according to the CNBC/NRF Retail Monitor, powered by Affinity Solutions, released by NRF.

NRF Chief Economist Jack Kleinhenz says shoppers are still willing to buy even as smaller job and wage gains and high interest rates are slowing the growth of consumer spending.

Father’s Day spending is expected to reach $22.4 billion this year, according to the annual survey released today by the National Retail Federation and Prosper Insights & Analytics. This is the second highest figure in the survey’s history and on par with last year’s record of $22.9 billion.   

The National Retail Federation today announced the recipients of the 2024 NRF PROTECT Awards, the highest asset protection and cybersecurity recognitions in the retail industry. Five veteran loss prevention professionals will be honored on June 5 during the annual NRF PROTECT conference in Long Beach, Calif.

Data released by the U.S. Census Bureau shows retail sales moderated in April, NRF Chief Economist Jack Kleinhenz said.

The National Retail Federation today issued the following statement from Executive Vice President of Government Relations David French after the U.S. Trade Representative and the White House released the statutory four-year review of the Section 301 China tariffs.

NRF told the Federal Reserve that the Fed’s plan to lower a 13-year-old cap on debit card “swipe” fees is welcome but a proposed change in methodology would leave the cap too high.

Retail sales grew modestly from the month before in April, but a shift in the timing of Easter appeared to be behind a slight year-over-year decline, according to the CNBC/NRF Retail Monitor, powered by Affinity Solutions, released by NRF.

Monthly inbound cargo volume at the nation’s major container ports should consistently be above 2 million Twenty-Foot Equivalent Units through this summer and into early fall, according to the Global Port Tracker report from NRF and Hackett Associates.