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| Economic Review
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.
| Economy
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.
| Careers & Leadership
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.
| Port Tracker
With the holiday season over, inbound cargo volume at the nation’s major container ports should gradually slow during the first quarter of 2024 before beginning to build again in the spring, according to the Global Port Tracker report released by NRF and Hackett Associates.
| Economy
Retailers have been focused on efforts to mitigate returns, as total returns for the industry amounted to $743 billion in merchandise in 2023, according to a report released by the National Retail Federation and Appriss Retail. As a percentage of sales, the total return rate for 2023 was 14.5%.
| Careers & Leadership
 The NRF Foundation today announced the top three teams for the 2024 NRF Foundation University Student Challenge Presented by Kohl’s, the competition provides undergraduate students with the opportunity to apply classroom skills in a real-world setting.
| Retail Sales, Holiday Forecast, Economy
November results reported by the U.S. Census Bureau show holiday season retail sales appear likely to meet NRF's forecast, NRF Chief Economist Jack Kleinhenz said.
| Sustainability
NRF announced the launch of a new NRF Center for Retail Sustainability, which will serve as the industry’s hub to support retailers’ efforts to generate economic value while creating net positive environmental, social and community benefits.
| Holidays & Seasonal
Nearly 142 million consumers plan to shop on the last Saturday before Christmas, according to the latest survey from the National Retail Federation and Prosper Insights & Analytics. The number of expected shoppers is up significantly from the last time Super Saturday fell on Dec. 23, when 126 million consumers were expected to shop on that day in 2017.
| Leadership
Salesforce Chair and CEO Marc Benioff and Walmart U.S. President and CEO John Furner will participate in a fireside chat at NRF 2024: Retail’s Big Show, discussing the future of artificial intelligence (AI) and its impacts on business.