Last week, the U.S. Bureau of Labor Statistics reported that the Consumer Price Index for All Urban Consumers jumped 0.8 percent in February after an increase of 0.6 percent in January. The U.S. inflation rate over the last 12 months …
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Growth at Retail Ports to Slow During First Half 2022
According to the monthly Global Port Tracker report, imports at the nation’s congested container ports are expected to slow during the first half of 2022. The report, released by the National Retail Federation (NRF) and Hackett Associates, found that even …
Read More »NRF Brings Back In-Person Retail’s Big Show for 2022
The National Retail Federation (NRF) held its annual Retail’s Big Show event last week in-person at the Jacob Javits Convention Center in New York City. In 2021, the conference took place virtually. This yearly conference and expo bring together the …
Read More »Holiday Spending Experiences Huge Growth in 2021
The National Retail Federation (NRF) released the holiday spending numbers for 2021, which grew 14.1 percent over 2020. Holiday spending topped $886.7 billion, blowing NRF’s forecast, which was a growth of 11.5 percent, out of the water. The increase comes …
Read More »Holiday Returns Will Cost Retailers More This Year
Despite an increase in holiday spending, retailers are facing a financial crunch with an increase in holiday returns that will cost them more money. Holiday spending between Nov. 1 and Dec. 24 was up 8.5 percent in 2021, according to …
Read More »Retailers Look for Ways to Combat Organized Theft
Theft and loss have always been a part of the retail landscape, but in the last several weeks, some major retailers have been the victim of organized theft rings. Both the Wall Street Journal and the New York Times have …
Read More »Inflation, Price Gains and Retail Sales All Jump in October
The month of October saw a jump in three leading consumer metrics—inflation, price gains and overall retail sales. According to the U.S. Labor Department Consumer Price Index for All Urban Consumers, inflation increased 0.9 percent in October, following a modest …
Read More »2021 Halloween Spending Expected to Top $10 Billion
Retailers can expect a sweet year for Halloween spending this year. The National Retail Federation (NRF) conducted its Annual 2021 Halloween Spending Survey and based on the results, is predicting that spending for the holiday will top $10 billion in …
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