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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Guidelines for AI Usage in the Retail Sector
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 …
Read More »Consumers Remain ‘Willing to Spend’ Even as Growth Slows, NRF Says
Consumers are still willing to buy even as smaller job and wage gains and high interest rates are slowing the growth of consumer spending, National Retail Federation (NRF) chief economist Jack Kleinhenz says. “U.S. economic growth for the remainder of …
Read More »NRF Says Economic Growth Slows, Consumer Spending Persists
Economic growth slowed during the first three months of the year, but consumers are still spending more than last year, says Jack Kleinhenz, National Retail Federation (NRF) chief economist. “The U.S. economy lost some spring in its step during the …
Read More »NRF Predicts Record Mother’s Day Spending
Mother’s Day spending is expected to reach $33.5 billion this year, the second highest in the history of the survey, following last year’s record $35.7 billion, according to the annual consumer survey released by the National Retail Federation and Prosper …
Read More »NRF Predicts Record Easter Spending
Consumer spending is expected to reach a total of $22.4 billion this Easter, according to the annual survey released by the National Retail Federation (NRF) and Prosper Insights and Analytics. The total figure is the second highest in the survey’s history …
Read More »Census Retail Sales Data Shows Consumers ‘Still Engaged’
The National Retail Federation (NRF) says data released by the U.S. Census Bureau retail sales data shows that retail sales cooled in January but households continued to spend. “Retail sales softened in January compared with the holiday season, but consumers …
Read More »“Joint Employer” Rule Passes in House of Representatives
In early January, the U.S. House of Representatives voted 206-177 to pass a resolution set to take effect in February, repealing the National Labor Relations Board’s final “joint employer” rule. The resolution introduced under the Congressional Review Act has been …
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