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NRF

Retail sales grew in April

Retail sales grew in April

WASHINGTON – Consumers accustomed to inflation continued to spend in April as retail sales overcame higher prices to show both monthly and year-over-year increases, the National Retail Federation said Tuesday. “April retail sales demonstrate consumer strength and willingness to spend despite persistent inflation, supply chain constraints, market volatility and global unrest,” NRF President and CEO

NRF says economy should continue ‘bustling forward’

NRF says economy should continue ‘bustling forward’

WASHINGTON – The economy’s fast-paced growth could slow somewhat as the Federal Reserve tries to bring inflation under control in the next few months, but consumers are likely to keep on shopping as lower inflation eases uncertainty, National Retail Federation chief economist Jack Kleinhenz said today. “The Fed’s tightening has kicked off a new cycle

U.S. ports seeing brief slowdown from 2021 but imports remain high

U.S. ports seeing brief slowdown from 2021 but imports remain high

WASHINGTON – The nation’s major retail container ports have begun to catch up with the backlog of cargo seen over the past several months, but could experience another surge this summer, according to the monthly Global Port Tracker report released today by the National Retail Federation and Hackett Associates. “As we entered 2022, the biggest question was when

Retailers welcome appeals court ruling in favor of Pulse’s antitrust lawsuit against Visa

Retailers welcome appeals court ruling in favor of Pulse’s antitrust lawsuit against Visa

WASHINGTON – The National Retail Federation today welcomed a federal appeals court ruling that payment processing network Pulse can sue Visa over practices it claims reduce competition over who gets to process billions of dollars in debit card transactions each year. “Visa and Mastercard have responded to efforts to bring competition to debit card processing

NRF: Economy has ‘strong momentum’ despite challenges

NRF: Economy has ‘strong momentum’ despite challenges

WASHINGTON – Top challenges have shifted from COVID-19 to inflation and the war in Ukraine, but the U.S. economy will continue to face uncertainties in the year ahead, National Retail Federation Chief Economist Jack Kleinhenz said Friday. “While the public health situation has greatly improved, the impact of the pandemic continues to spread,” Kleinhenz said.

NRF: More consumers seeking deals this Easter season

NRF: More consumers seeking deals this Easter season

WASHINGTON – Eighty percent of Americans plan to celebrate Easter this year and will collectively spend $20.8 billion to mark the holiday, according to a survey released Monday by the National Retail Federation and Prosper Insights & Analytics. That projected figure is down slightly from last year’s forecast of $21.6 billion. “Consumers are eager to

February retail sales on the rise

February retail sales on the rise

WASHINGTON – Retail sales showed a strong year-over-year gain in February, but the monthly pace slowed compared with January as inflation drove up prices and lingering effects of the COVID-19 omicron variant affected the supply chain, the National Retail Federation said Wednesday. “Retail sales data continues to show impressive consumer resilience,” NRF president and CEO

Retailers applaud passage of cyberattack reporting bill

Retailers applaud passage of cyberattack reporting bill

WASHINGTON – The National Retail Federation on Friday welcomed final passage of legislation requiring businesses that own or operate critical infrastructure to report cyberattacks to federal authorities, saying it will help protect resources ranging from the nation’s electrical grid to the availability of essential consumer products. “We appreciate the fact that Congress has taken a

NRF economist sees more growth ahead

NRF economist sees more growth ahead

WASHINGTON – National Retail Federation chief economist Jack Kleinhenz said Tuesday that the Federal Reserve’s efforts to curb inflation should not derail the U.S. economy’s continued growth. “There is plenty of room to raise rates without threatening the economy,” he said. Kleinhenz’s remarks came in the February issue of NRF’s Monthly Economic Review, which said

Consumers to spend $23.9 billion on Valentine’s Day

Consumers to spend $23.9 billion on Valentine’s Day

WASHINGTON  – Valentine’s Day spending is expected to reach $23.9 billion this year, up from $21.8 billion in 2021 and the second-highest year on record, according to the annual survey released today by the National Retail Federation and Prosper Insights & Analytics. “Following the historic level of consumer spending over the winter holidays, it appears

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