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| Retail Sales, Economy
Core retail sales as calculated by NRF rose in July even as overall sales reported by the Census Bureau remained flat on a monthly basis, and both calculations showed strong year-over-year gains as consumers kept shopping despite high inflation, NRF said.
| Port Tracker, Supply Chain, Trade, Economy
After a record-setting spring, imports at the nation’s major container ports are expected to slow significantly for the remainder of the year but 2022 should still see a net gain over 2021, according to the monthly Global Port Tracker report from NRF and Hackett Associates.
| Economic Review, Economy, Retail Sales, Annual Forecast
Despite two consecutive quarters of decline, the U.S. economy still does not appear to be in a recession and remains unlikely to enter one this year, NRF Chief Economist Jack Kleinhenz said.
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NRF welcomed legislation that would let retailers decide who processes credit card transactions, saying it would end practices that block competition in the payments industry and drive up costs for retailers and consumers.
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The National Retail Federation presented the J. Thomas Weyant Award to North Carolina Retail Merchants Association President and General Counsel Andy Ellen on July 28, as retailers from across the country gathered in Washington, D.C., for NRF’s Retail Advocates Summit.
| Small Business
The National Retail Federation today recognized a bipartisan group of lawmakers as “Heroes of Main Street” for their continued support of the retail industry through legislative action and leadership.
| Small Business
The National Retail Federation today honored 21 members of the House and Senate as “Champions of Main Street” for leading the way on issues of significant importance for the entire retail industry during the 117th Congress.
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NRF called on the House to move cautiously on federal privacy legislation, saying a measure approved by the Energy and Commerce Committee fails to establish a single national standard for U.S. data privacy law.
| Retail Sales, Economy, Trade
Retail sales increased in June even as inflation climbed higher and drove up prices across the board, NRF said.
| Trade
The National Retail Federation today issued the following statement from Senior Vice President for Government Relations David French after President Biden signed an executive order establishing a Presidential Emergency Board to help resolve labor disputes between freight railroads and rail labor organizations.