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National Retail Federation

Mother’s Day spending expected to hit $33.5 billion

Mother’s Day spending expected to hit $33.5 billion

WASHINGTON – Mother’s Day spending is expected to reach $33.5 billion this year, according to the annual consumer survey by the National Retail Federation and Prosper Insights & Analytics. The figure is the second highest in the history of the survey, following last year’s record $35.7 billion. “Mother’s Day is a time to celebrate the

NRF issues statement on final overtime rule

NRF issues statement on final overtime rule

WASHINGTON—The National Retail Federation issued the following statement from Executive Vice President of Government Relations David French after the Department of Labor (DOL) released its final overtime rule. Originally proposed in September 2023, the rule will increase—in two steps—the minimum annual salary threshold that determines overtime pay eligibility under the Fair Labor Standards Act. “NRF

NRF unveils 2024 Top 50 Global Retailers

NRF unveils 2024 Top 50 Global Retailers

WASHINGTON  – The National Retail Federation today announced the 2024 Top 50 Global Retailers. Conducted by Kantar, the 2024 list ranks international retailers, based on their operational performance as of the beginning of 2023. “In our increasingly interconnected global economy, retailers are continually expanding their international customer base,” NRF Executive Director of Research Mark Mathews said.

NRF: Economy ‘sturdy’ despite slower growth

NRF: Economy ‘sturdy’ despite slower growth

WASHINGTON – Despite expectations for slower growth of both gross domestic product and retail sales, the economy should continue to do well the remainder of this year, National Retail Federation chief economist Jack Kleinhenz said today. “No one can accurately forecast what surprises the next year might hold, but the foundation of the economy is

Retail industry still top private sector employer

Retail industry still top private sector employer

WASHINGTON – The retail industry remains a major employer, according to a new report released by the National Retail Federation on Monday, which found that retailers supported 55 million full-time and part-time jobs in 2022, accounting for 26% of total U.S. employment. The figures are up from 52 million jobs and 25% of total U.S.

CNBC/NRF Retail Monitor: Sales grew in February

CNBC/NRF Retail Monitor: Sales grew in February

WASHINGTON – Retail sales continued to grow in February, building off solid gains from January, according to the CNBC/NRF Retail Monitor, powered by Affinity Solutions, released today by the National Retail Federation. Click here to access February’s retail data.Total retail sales, excluding automobiles and gasoline, were up 1.06% seasonally adjusted month over month and up 6.3%

Retail sales in January show strong gains

Retail sales in January show strong gains

WASHINGTON – Retail sales started strong in 2024, according to figures released Monday by the National Retail Federation. Sales in January nearly matched December’s holiday spending and rose significantly year over year, according to the CNBC/NRF Retail Monitor, powered by Affinity Solutions. “January sales continued the strong performance of retail sales in December, which is

NRF: Job market, interest rates hold key to 2024

NRF: Job market, interest rates hold key to 2024

WASHINGTON – Slower growth in wages and job creation are expected to weigh on consumers in the months ahead, according to the National Retail Federation, which nonetheless foresees an increase in spending in 2024 but at a rate slightly below overall economic activity. “Consumers were in decent shape heading into the holiday season, but the

NRF Survey foresees solid Valentine’s Day sales

NRF Survey foresees solid Valentine’s Day sales

WASHINGTON – Americans are expected to spend a record $14.2 billion on their significant others this Valentine’s Day, according to the annual survey by the National Retail Federation and Prosper Insights & Analytics. “Retailers are ready to help customers this Valentine’s Day with meaningful and memorable gifts,” NRF President and CEO Matthew Shay said. “With

NRF reports record holiday, full-year retail sales

NRF reports record holiday, full-year retail sales

WASHINGTON – The National Retail Federation today cited new U.S. Census Bureau data in reporting that core retail sales increased 3.8% to a record $964.4 billion during the 2023 holiday season. Sales for the full year grew 3.6% over 2022 to a record $5.1 trillion, NRF said. “Consumer spending was remarkably resilient throughout 2023 and

NRF Foundation Honors celebrates retail

NRF Foundation Honors celebrates retail

NEW YORK – The ninth annual NRF Foundation Honors event here on January 14 raised more than $3 million to support careers in retail. The event, which drew more than 800 people to the New York Marriott Marquis in Midtown, celebrated industry leaders, awarded student scholarships and showcased retail as an industry with unlimited opportunity.

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