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The NRF Foundation is creating greater awareness of its new Bright Futures Scholarship that provides financial assistance for undergraduates from across the country to attend its annual NRF Foundation Student Program in New York City.

Retail sales bounced back strongly in January as inflation eased and income grew, NRF said.

The National Retail Federation today sent a letter from Senior Vice President of Government Relations David French to U.S. Senators Dick Durbin, D-Ill., and Lindsey Graham, R-S.C., in support of their reintroduction of legislation to protect the Deferred Action for Childhood Arrivals (DACA) program.

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.

Import cargo volume at the nation’s major container ports is expected to drop to nearly its lowest level since the beginning of the pandemic this month, according to the Global Port Tracker report released by NRF and Hackett Associates.

A recession is unlikely and the economy is expected to see slight growth in 2023 as consumers continue to cope with inflation and high interest rates, NRF Chief Economist Jack Kleinhenz says.

NRF statement from Senior Vice President of Government Relations David French after the Combating Organized Retail Crime Act of 2023 and the Organized Retail Crime Center Authorization Act were introduced in the U.S. Senate.

Consumers are expected to spend $25.9 billion on Valentine’s Day this year, up from $23.9 billion in 2022 and one of the highest spending years in survey history, according to the annual survey released today by the National Retail Federation and Prosper Insights & Analytics.

Retail sales during 2022’s November-December holiday season grew 5.3% over 2021 to $936.3 billion, falling short of NRF forecast amid continuing inflation and high interest rates, NRF said. While holiday growth was less than expected, sales for the year grew 7% over 2021 to $4.9 trillion, meeting NRF’s forecast of between 6% and 8% growth for the year.

The American Apparel & Footwear Association, the Footwear Retailers & Distributors of America, the National Retail Federation, the Retail Industry Leaders Association, and the United States Fashion Industry Association have released a study that calls out detrimental economic impacts of Section 301 tariffs.