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The National Retail Federation joined nearly 300 organizations ranging from restaurants and grocers to building contractors and firefighters today in urging Treasury Secretary Steven Mnuchin to follow congressional intent and issue guidance resolving errors in the 2017 tax reform law related to depreciation rules and “carryback” of operating losses.

As students prepared to head back to class this month, consumers had completed just over half their shopping for school and college supplies, according to the annual survey released today by the National Retail Federation and Prosper Insights & Analytics.

Two errors in the federal tax reform law are costing the retail industry millions of dollars and delaying investments.

Serena Williams to close out Sho.org 2018. Other notable speakers include Accenture, Adobe, Deloitte Consulting, Dylan’s Candy Bar, eBay, Etsy, Flywheel, GIPHY, Glossy, JGA, Macy’s, NYDJ, Sephora, Shoes of NYC, Sur La Table, TechStyle Fashion Group, Uber, Wayfair, and Zappos.

NRF now expects 2018 retail sales to increase by 4.5 percent over 2017 rather than the 3.8 to 4.4 percent forecast earlier this year. The numbers exclude automobiles, gasoline stations and restaurants.

With retail sales rising and retailers rushing to bring merchandise into the country ahead of proposed new tariffs on products from China, imports at the nation's major retail container ports have set two new records this summer and are expected to set another this month, according to NRF's Global Port Tracker report.

NRF says the final list of $16 billion in goods from China subject to a 25 percent tariff is "just another step toward thowing away the benefits of tax reform."

The National Retail Federation today issued a statement from President and CEO Matthew Shay following reports that the administration will propose tariffs of 25 percent rather than 10 percent on $200 billion in goods from China.

Successful retail segmentation owed in part to skilled management and strategy rather than any particular game-changing innovation led companies to top the list of Hot 100 Retailers published today by the National Retail Federation’s STORES magazine.

The National Retail Federation today urged the House to pass two bills scheduled for votes this week that would advance flexibility for retail employees with health savings accounts. All related votes may be included in NRF’s annual voting scorecard.