Retail sales kept up a long streak of year-over-year gains in October even though the growth rate continued to slow, says Jack Kleinhenz, National Retail Federation (NRF) chief economist, in response to the U.S. Census Bureau’s release of monthly data …
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Show Your Store’s Holiday Spirit
Finding the perfect Christmas gift can be tough. National rural lifestyle retailer Tractor Supply Co. recently announced it is launching “Dad Squad,” a new service to help consumers find the perfect gift for the hardest shoppers this holiday season. The purpose …
Read More »National Retail Federation Provides Consumer Spending Forecast
$966.6 billion. That amount is how much the National Retail Federation (NRF) forecasts will be spent on gifts and decorations from November 1 to December 31, a 3-4% increase from 2022. NRF’s holiday forecast is based on economic modeling that …
Read More »Federal Reserve Proposes Lower Cap on Debit Card Swipe Fees
The Federal Reserve released a proposal to lower the cap on debit card transaction fees, known as swipe fees. The National Retail Federation (NRF) responded to the proposal, saying it is a welcome move but leaves the fees higher than …
Read More »Record Number of Consumers to Celebrate Halloween in 2023
Total Halloween spending in 2023 is expected to reach a record $12.2 billion, outpacing last year’s record of $10.6 billion, according to the National Retail Federation’s (NRF) annual survey conducted by Prosper Insights & Analytics. A record number of people, …
Read More »Reining in Fees: U.S. House and Senate to Vote on Credit Card Competition Act
AIMED AT ENHANCING COMPETITION and choice in the credit card network market, the Credit Card Competition Act (CCCA) was introduced in July 2023 into the U.S. House and Senate. The CCCA strives to reduce credit card interchange fees, also known …
Read More »3 Resources to Counter Organized Retail Crime
Costing businesses money and peace of mind, shrink takes a toll on the retail industry, especially on independently owned and small- and medium-sized businesses. The National Retail Federation’s (NRF) National Retail Security Survey 2022 discovered retail shrink, which includes organized …
Read More »NRF 2023: Retail’s Big Show Kicks Off This Weekend
Offering three days of educational programming, an expo featuring retail solutions and trends and opportunities to explore the latest in retail technology, NRF 2023: Retail’s Big Show starts this weekend in New York City, hosted by the National Retail Federation …
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