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| Economy
NRF still expects steady sales growth for the winter holiday season despite contradictions in the latest economic indicators, Chief Economist Jack Kleinhenz says.
| Trade
American consumers could lose between $46 billion and $78 billion in spending power each year if new tariffs on imports to the United States are implemented, according to a new study released by NRF.
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The National Retail Federation launches Retail Voices by NRF, a new community of distinguished retail luminaries, in partnership with global media company RETHINK Retail.
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The NRF Foundation announced The College of the Florida Keys as the 2025 RISE Up Partner of the Year. The award recognizes the college for its success with the NRF Foundation’s RISE Up training and credentialing program in Key West and for expanding the program across Florida.
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The National Retail Federation marked October 24, 2024 as “Fight Retail Crime Day,” its third annual day of action bringing retailers across the country together to advocate for passage of the Combating Organized Retail Crime Act and to highlight industry initiatives to combat organized retail crime.
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Retailers Say CFPB Open Banking Rules Could Reduce Need for ‘Swipe’ Fees and Save Consumers Billions
NRF welcomed open banking regulations issued today by the Consumer Financial Protection Bureau, saying the new rules could lead to an alternative to credit card “swipe fees” that cost merchants and their customers billions of dollars each year.
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Consumer spending on the winter holidays is expected to reach a record $902 per person on average across gifts, food, decorations and other seasonal items, according to the National Retail Federation’s latest consumer survey conducted by Prosper Insights & Analytics.
| Retail Sales
Data released by the U.S. Census Bureau shows retail sales increased again in September as employment grew and inflation and interest rates fell, NRF Chief Economist Jack Kleinhenz said.
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The National Retail Federation forecast that winter holiday spending is expected to grow between 2.5% and 3.5% over 2023. That equates to between $979.5 billion and $989 billion in total holiday spending in November and December, compared with $955.6 billion during the same timeframe last year.