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| Port Tracker, Supply Chain, Economy, Winter Holidays
With most holiday merchandise already on retailers’ shelves or in their warehouses, December cargo volume at the nation’s major container ports should be significantly below records set earlier this year, according to the monthly Global Port Tracker report from NRF and Hackett Associates.
| Trade
The National Retail Federation today issued the following statement from President and CEO Matthew Shay following the U.S. Senate’s passage of H.J. Res. 100, sending the Tentative Agreement to President Biden’s desk for final signature. The resolution was approved yesterday in the House.
| Economic Review, Retail Sales, Winter Holidays, Holiday Forecast, Economy
NRF Chief Economist Jack Kleinhenz says GDP isn’t likely to grow as much in the final months of 2022 as it did in the third quarter, but consumer spending should remain strong even though its rapid pace is continuing to slow.
| Trade
The National Retail Federation today issued the following statement from President and CEO Matthew Shay following the U.S. House’s vote to approve H.J. Res. 100. The resolution, which now heads to the Senate, will implement the Tentative Agreement that was negotiated between the administration, the rail labor unions and the railroads.
| Consumer Trends, Holidays & Seasonal, Winter Holidays
A record 196.7 million Americans shopped in stores and online during the five-day holiday shopping period from Thanksgiving Day through Cyber Monday, according to the annual survey released today by the National Retail Federation and Prosper Insights & Analytics. The total number of shoppers grew by nearly 17 million from 2021 and is the highest figure since NRF first started tracking this data in 2017.
| Trade
The National Retail Federation today issued the following statement from President and CEO Matthew Shay following the White House’s call for immediate Congressional intervention to avoid a rail strike and subsequent shut down of the U.S. freight rail system. The directive comes as the cooling off period expires Dec. 8 and railroads begin to suspend operations ahead of a labor strike.
| Trade
The National Retail Federation today issued the following statement from President and CEO Matthew Shay following the announcement that a fourth rail union has rejected the tentative agreement brokered by the administration among the labor unions and freight railroads.
| Organized Crime
The National Retail Federation today issued the following statement from Senior Vice President of Government Relations David French following the U.S. House’s vote on the “Integrity, Notification, and Fairness in Online Retail Marketplaces (INFORM) for Consumers Act.”
| Thanksgiving, Winter Holidays, Holiday Forecast, Economy
An estimated 166.3 million people are planning to shop from Thanksgiving Day through Cyber Monday this year, according to the annual survey released today by the National Retail Federation and Prosper Insights & Analytics. This figure is almost 8 million more people than last year and is the highest estimate since NRF began tracking this data in 2017.
| Retail Sales, Winter Holidays, Holiday Planning Playbook, Economy, Holiday Forecast
Retail sales grew again in October as consumers set aside concerns about inflation and many got a jump start on the holiday season, NRF said.