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| Port Tracker
Next month’s inbound cargo volume at the nation’s major container ports is expected to top 2 million units for the first time since last fall as imports grow despite new supply chain challenges, according to the Global Port Tracker report from NRF and Hackett Associates.
| Trade
The following statement is on behalf of the American Apparel & Footwear Association, the National Retail Federation, the Retail Industry Leaders Association, and the United States Fashion Industry Association in response to today’s announcement by the Department of Homeland Security regarding new enforcement actions to crack down on allegations of illicit textile trade.
| Global
The National Retail Federation today announced the 2024 Top 50 Global Retailers. Conducted by Kantar, the 2024 list ranks international retailers, based on their operational performance as of the beginning of 2023.
| Small Business
The National Retail Federation today announced that the 2024 America’s Retail Champions program is now open for nominations. Now in its seventh year, America’s Retail Champions honors small retailers from across the country who speak out on public policy debates affecting the retail industry at the national, state and local levels.
| Economic Review
Despite expectations for slower growth of both gross domestic product and retail sales, NRF Chief Economist Jack Kleinhenz says the economy should continue to do well the remainder of this year.
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The National Retail Federation today issued the following statement from Chief Administrative Officer and General Counsel Stephanie Martz following the announcement that a $30 billion settlement had been reached between U.S. merchants and Visa and Mastercard.
| Forecasts
The National Retail Federation today forecast that retail sales during 2024 will grow between 2.5% and 3.5% over 2023 to between $5.23 trillion and $5.28 trillion.
| Workforce
The retail industry supported 55 million full-time and part-time jobs in 2022, accounting for 26% of total U.S. employment, according to a new report released today by the National Retail Federation.
| Retail Sales
NRF Chief Economist Jack Kleinhenz says data released by the U.S. Census Bureau shows retail sales expanded in February after a strong but flat January.
| Easter
Consumer spending is expected to reach a total of $22.4 billion this Easter, according to the annual survey released today by the National Retail Federation and Prosper Insights & Analytics.