The National Retail Federation (NRF) forecasts between 2.5% and 3.5% growth in holiday spending from 2023, equating to between $979.5 billion and $989 billion in total holiday spending in November and December of 2024. “The economy remains fundamentally healthy and …
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The International Longshoremen’s Association (ILA) has agreed to suspend the three-day strike along the East Coast until Jan. 15 in order to provide time to negotiate a new contract. The union agreed to the suspension after it reached a tentative …
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Early Tuesday morning, U.S. East Coast and Gulf Coast dockworkers began their first large-scale strike in over 50 years, stopping the flow of half of the country’s ocean shipping after negotiations between the International Longshoremen’s Association (ILA) and the United …
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Retail sales increased again in August as consumer demand and easing inflation overcame slower job growth, according to the CNBC/NRF Retail Monitor, released by the National Retail Federation (NRF). “Retail sales data shows that consumers continued to spend on household priorities …
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Retail sales data released by the U.S. Census Bureau shows consumers continued to increase their spending in July while the growth of the economy is moderating, says Jack Kleinhenz, National Retail Federation chief economist. Retail trade sales were up 1.1% …
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The National Retail Federation (NRF) released its annual list of the Top 100 Retailers. The 2024 Top 100 Retailers ranks the industry’s largest companies according to domestic sales. The list was compiled by Kantar, a global marketing data, insight and …
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Data recently released by the U.S. Census Bureau shows modest retail sales gains in June despite an uneven pace of spending in recent months, says National Retail Federation chief economist Jack Kleinhenz. “The path of household spending remains difficult to …
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As artificial intelligence (AI) continues to expand throughout all industries, the National Retail Federation (NRF) has published a series of guidelines called the Principles for Use of Artificial Intelligence in the Retail Sector. These guidelines strive to encourage governance of …
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