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| Economic Review, Economy
Slower-but-continued growth in gross domestic product and other economic indicators during the first quarter showed the difficulty of bringing inflation under control, National Retail Federation Chief Economist Jack Kleinhenz said in the May issue of NRF’s Monthly Economic Review.
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The National Retail Federation issued a statement from Vice President of Asset Protection and Retail Operations David Johnston following the Allen, Texas, outlet mall shooting.
| Port Tracker, Supply Chain, Trade, Economy, Forecasts
Import cargo volume at the nation’s major container ports is climbing back from a nearly three-year low in February but is expected to remain well below last year’s levels heading into this fall, according to the Global Port Tracker report from NRF and Hackett Associates.
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Consumers plan to spend a total of $35.7 billion on Mother’s Day this year, nearly $4 billion more than last year’s record high of $31.7 billion, according to the annual survey released today by the National Retail Federation and Prosper Insights & Analytics. Eighty-four percent of U.S. adults are expected to celebrate the holiday.
| Startups & Transformation
NRF 2024: Retail’s Big Show Asia Pacific, the highly anticipated trade exhibition jointly organized by the National Retail Federation and Comexposium, is now open for sales and sponsorship opportunities. The event will take place June 11 – 13, 2024, at the Sands Expo and Convention Centre in Singapore. With a 14,500 sqm trade exhibition, the event is expected to draw thousands of retailers and business partners from across the region.
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On this tenth anniversary of the Rana Plaza disaster in Bangladesh, the American Apparel & Footwear Association, the National Retail Federation, the Retail Industry Leaders Association, and the United States Fashion Industry Association are reflecting on the tragedy and loss of life, and are recognizing the work being done by our member companies and the fashion industry to ensure worker safety in Bangladesh and around the world.
| Retail Sales, Economy, Annual Forecast, Super Bowl
Retail sales slowed in March, but spending was still higher than the same time last year, NRF said.
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The National Retail Federation today issued the following statement from Senior Vice President of Government Relations David French after the Combating Organized Retail Crime Act of 2023 was introduced in the U.S. House.
| Data Security
Ahead of next week’s expected European Parliament resolution on an EU-U.S. agreement covering transatlantic data transfers, EuroCommerce and the National Retail Federation have released a white paper on the issue and urged institutions on both sides of the Atlantic to swiftly adopt and implement the framework.
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The National Retail Federation today issued the following statement from Senior Vice President of Government Relations David French following the decision of the International Longshore and Warehouse Union to withhold labor at the Ports of Los Angeles and Long Beach.