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The National Retail Federation announced that Tommy Hilfiger, founder of his namesake brand, will receive The Visionary award. Hilfiger will be recognized at the 10th annual NRF Foundation Honors on Jan. 12, 2025, in New York City.
| Port Tracker
The nation’s major container ports are expected to see another busy month in September ahead of a potential labor strike at East Coast and Gulf Coast ports, according to the Global Port Tracker report released by NRF and Hackett Associates.
| Economic Review
With the economy slowing but still growing and inflation down as the Federal Reserve prepares to lower interest rates, the United States appears to have dodged a recession, NRF Chief Economist Jack Kleinhenz said.
| Supply Chain
NRF released the following statement from NRF President and CEO Matthew Shay following concerns of a potential labor strike at U.S. ports on the East and Gulf Coasts. The International Longshoremen’s Association and the United States Maritime Alliance have until Sept. 30 to reach a new contract.
| Retail Sales
Retail sales data released today by the U.S. Census Bureau shows consumers continued to increase their spending in July even as growth of the economy is moderating, NRF Chief Economist Jack Kleinhenz said.
| Retail Sales
Retail sales continued to grow in July as consumers shopped for school and college supplies and took advantage of special promotion days offered by some retailers, according to the CNBC/NRF Retail Monitor, powered by Affinity Solutions, released today by NRF.
| Port Tracker
Monthly inbound cargo volume at the nation’s major container ports could see a near-record surge this month as retailers bring in merchandise ahead of a potential strike at East Coast and Gulf Coast ports this fall, according to the Global Port Tracker report released today by the National Retail Federation and Hackett Associates.
| Top Retailers
he National Retail Federation today announced the 2024 Hot 25 Retailers List. Produced by Kantar, the list highlights the fastest-growing retailers in the U.S., with rankings determined by each company’s year-over-year increase in domestic sales from 2022 to 2023.
| Economic Review
NRF Chief Economist Jack Kleinhenz says key elements of the economy are still growing but appear to have slowed enough to be on track for the Federal Reserve to lower interest rates later this year.
| Economy
The National Retail Federation (NRF) today released the following statement from Executive Vice President of Government Relations David French, reaffirming support for the House-passed Tax Relief for American Families and Workers Act (H.R. 7024) ahead of the Senate vote on Thursday.