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| Retail Sales
Data released by the U.S. Census Bureau shows retail sales cooled in January but that households continued to spend, NRF Chief Economist Jack Kleinhenz said.
| Retail Sales
Retail sales showed a strong beginning for the year in January, nearly matching December’s busy holiday spending and rising significantly year over year, according to the CNBC/NRF Retail Monitor, powered by Affinity Solutions, released by NRF.
| Port Tracker
Inbound cargo volume at the nation’s major container ports is expected to see year-over-year increases through the first half of the year despite attacks on ships in the Red Sea, according to the Global Port Tracker report from NRF and Hackett Associates.
| Technology
NRF today announced that its Center for Digital Risk & Innovation will join a diverse group of the nation’s leading artificial intelligence (AI) stakeholders to support the development and deployment of trustworthy and safe AI. Established by the Department of Commerce’s National Institute of Standards and Technology (NIST), the U.S. AI Safety Institute Consortium (AISIC) will bring together AI creators and users, academics, government and industry researchers, and civil society organizations to meet this mission.
| Global
The National Retail Federation today issued the following statement from President and CEO Matthew Shay in response to the Senate introduction of the “Emergency National 4 Security Supplemental Appropriations Act, 2024”
| Economic Review
After a better-than-expected performance in 2023, NRF Chief Economist Jack Kleinhenz says what happens with the economy in 2024 could depend largely on the labor market and what the Federal Reserve does with interest rates, .
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 H.R. 7024, the Tax Relief for American Families and Workers Act
| Holidays & Seasonal, Valentine's Day, Consumer Trends
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.
| Retail Sales
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.
| Careers & Leadership
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.