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The National Retail Federation issued a statement from Executive Vice President of Government Relations David French after the U.S. District Court in the Eastern District of Texas struck down the Department of Labor’s (DOL) final overtime rule.
| Retail Sales
Data released by the U.S. Census Bureau shows that retail sales grew solidly over the past two months, demonstrating households’ capacity to spend and the strength of the economy, NRF Chief Economist Jack Kleinhenz said.
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A record 183.4 million people are planning to shop in-store and online from Thanksgiving Day through Cyber Monday this year, according to NRF’s latest consumer survey conducted by Prosper Insights & Analytics.
| Retail Sales
Retail sales bounced back strongly in October as the economy remained in good shape and consumers moved past concerns about a port strike and other issues that slowed September’s sales, according to the CNBC/NRF Retail Monitor, powered by Affinity Solutions, released by NRF.
| Port Tracker
Import volumes at the nation’s major container ports could be higher than previously expected for the remainder of this year as retailers face another potential East Coast/Gulf Coast port strike and tariff increases planned by President-elect Donald Trump, according to the Global Port Tracker report from NRF and Hackett Associates.
| 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.