Media Center

NRF called on the Biden administration to repeal tariffs on goods from China, citing Consumer Price Index numbers released this morning by the U.S. Bureau of Labor Statistics.

NRF will honor two veteran loss prevention professionals for their outstanding contributions to combat retail crime on June 23 during the annual NRF PROTECT conference in Cleveland.

NRF is launching the second phase of a seven-figure advocacy campaign with broadcast, digital and out-of-home advertising, urging the Biden administration to repeal tariffs on goods from China to lower costs for businesses and consumers who are being severely impacted by inflation.

Imports at the nation’s major retail container ports should see near-record volume again this month as retailers work to meet still-strong consumer demand and also protect themselves against potential disruptions at West Coast ports, according to the monthly Global Port Tracker report from NRF and Hackett Associates.

NRF said biodiesel levels set by the Environmental Protection Agency for this year are too high and will drive up inflation for already high food prices, especially processed foods that rely on food oils from crops like soybeans.

NRF welcomed a federal appeals court’s rejection of a series of “carbon copy” lawsuits claiming five retailers violated the Americans with Disabilities Act by failing to sell Braille gift cards.

The Federal Reserve faces “a tricky job” in addressing inflation but NRF Chief Economist Jack Kleinhenz says continuing growth in employment, wages and consumer spending make it unlikely the effort will backfire into a major setback for the economy.

Consumer spending this Father’s Day is expected to total $20 billion, nearly on par with last year’s record-setting figure of $20.1 billion, according to the annual consumer survey released by NRF and Prosper Insights & Analytics

Consumers accustomed to inflation continued to spend in April as retail sales overcame higher prices to show both monthly and year-over-year increases, NRF said.

NRF issued a statement from Vice President of Retail Technology and Cybersecurity Christian Beckner regarding the recent act of domestic terrorism in Buffalo, N.Y.