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The National Retail Federation released its annual list of the Top 100 Retailers, compiled by Kantar, a global marketing data, insight and consultancy company. The 2023 Top 100 Retailers ranks the industry’s largest companies according to domestic sales.
| Retail Sales, Economy
Retail sales rose again in May as consumers continued to spend despite economic challenges, NRF said.
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The National Retail Federation issued the following statement from President and CEO Matthew Shay following the announcement that a tentative agreement has been reached between the International Longshore and Warehouse Union and the Pacific Maritime Association. The parties have been in negotiations since the labor contract initially expired in July 2022.
| Careers & Leadership
The NRF Foundation announced four new additions to its Board of Directors. The new members were elected during the organization’s summer board meeting in New York City.  
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The National Retail Federation today issued the following statement from Senior Vice President of Government Relations David French after the Combating Organized Retail Crime Act of 2023 was introduced in the U.S. House.
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The National Retail Federation has provided the following statement regarding store safety.
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The National Retail Federation today announced five new additions to the organization’s Board of Directors. The new members were elected during the trade association’s summer board meeting in Washington, D.C.
| Port Tracker, Supply Chain
Import cargo volume at the nation’s major container ports is expected to be 22% lower during the first half of 2023 than the same time last year despite increased consumer spending, according to the Global Port Tracker report released by NRF and Hackett Associates.
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NRF called on Congress to pass long-sought legislation to address credit card “swipe” fees, welcoming a measure that would let retailers route transactions over competing networks that offer lower fees and improved security.
| Economic Review, Economy
Economic indicators are giving conflicting signs but the nation does not appear to be in a recession and should be headed toward a soft landing from the rampant inflation and high interest rates of the past two years, NRF Chief Economist Jack Kleinhenz said in the June edition of NRF’s Monthly Economic Review.