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| Economy, Retail Sales
January retail sales increased 0.2 percent over December and 2.7 percent year-over-year, according to NRF. The numbers exclude automobile dealers, gasoline stations and restaurants.
| Port Tracker, Supply Chain, Trade, Forecasts
With coronavirus causing longer Lunar New Year shutdowns of factories in China, imports at major U.S. retail container ports are expected to see a sharper-than-usual drop in February, according to the Global Port Tracker report from NRF and Hackett Associates.
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NRF asked the House to reject legislation that would bring together a wide range of long-debated measures intended to expand the power of labor unions.
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Despite political and economic uncertainties, consumer spending has increased at a faster rate than GDP for five out of the last seven quarters.
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NRF welcomed a preliminary injunction issued against a California law that would prohibit employers from requiring workers to agree to arbitration of employment issues.
| Consumer Trends, Holidays & Seasonal, Valentine's Day, Economy, Retail Sales, Forecasts
Coming off a strong holiday season, Americans are expected to set another record for Valentine’s Day spending this year as they continue to widen the range of those they’re buying for, according to the annual survey from NRF and Prosper Insights & Analytics.
| Trade, Supply Chain
NRF says the United States-Mexico-Canada Agreement signed by President Trump "will bring continued decades of economic prosperity that will benefit American consumers and the millions of U.S. workers whose jobs depend on the free flow of trade with our nation’s two closest trading partners.”
| Trade, Supply Chain
NRF says the new trade agreement will "modernize trade among our closest trading partners and pave the way for continued prosperity across the borders of North America as the global economy continues to evolve."
| Winter Holidays, Economy, Retail Sales, Holiday Forecast, Holiday Planning Playbook
Holiday retail sales during 2019 grew 4.1 percent to $730.2 billion, according to NRF. Online sales were up 14.6 percent at $167.8 billion.
| Trade, Supply Chain
NRF welcomed the signing of a “phase one” trade agreement between the United States and China but said work remains to be done to end the trade war between the two countries.