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Valentine’s Day is returning to its romantic traditions, with total spending on significant others for the holiday expected to reach a record $14.2 billion, according to the annual survey released by the National Retail Federation and Prosper Insights & Analytics.

U.S. Census Bureau data shows core retail sales during the 2023 holiday season grew 3.8% over 2022 to a record $964.4 billion, easily meeting the National Retail Federation’s forecast despite continued inflation and high interest rates. Sales for the full year grew 3.6% over 2022 to a record $5.13 trillion.

The ninth annual NRF Foundation Honors took place Sunday night at the New York Marriott Marquis to celebrate industry leaders, award student scholarships and showcase retail as an industry with unlimited opportunity. The event raised more than $3 million to fund the NRF Foundation’s career development programs and resources. 

The NRF Foundation today announced four new additions to its Board of Directors. The new members were elected during the organization’s winter board meeting in New York City, ahead of NRF 2024: Retail’s Big Show and the NRF Foundation Honors.

The National Retail Federation today issued the following statement from Senior Vice President of Government Relations David French after the U.S. House of Representatives voted to pass a resolution repealing the National Labor Relations Board’s final joint employer rule. As written, the new rules would increase liabilities for businesses of all sizes by expanding the definition of a joint employer under federal law.

The new Foodservice Innovation Zone at NRF 2024: Retail’s Big Show is ready to serve the latest in food technology innovation with more than 50 companies showcasing future forward foodservice technology and immersive activations displaying the powers of a connected kitchen as well as how robotics can be integrated into the process.

Retail sales continued to grow in December, completing a strong holiday shopping season, according to the CNBC/NRF Retail Monitor, powered by Affinity Solutions, released by NRF.

Consumers spent more than expected amid high inflation and high interest rates during 2023, but NRF Chief Economist Jack Kleinhenz says spending growth is likely to slow in 2024.

The National Retail Federation today issued the following statement from Senior Vice President of Government Relations David French regarding the finalization of the Department of Labor’s independent contractor classification rule.

The NRF Foundation today announced Dublin City Schools as the 2024 RISE Up Partner of the Year. The RISE Up Partner of the Year award recognizes the school district for its success with the NRF Foundation’s RISE Up training and credentialing program in Dublin and for its part in expanding the program across Ohio.