by Jacob Musselman | Jun 4, 2024 | Industry News
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 (NFR) chief economist Jack Kleinhenz says. “U.S. economic growth for the remainder of this year will...
by Jacob Musselman | May 9, 2024 | Industry News
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 first quarter as...
by Jacob Musselman | Mar 14, 2024 | Industry News
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 after last...
by Jacob Musselman | Jan 19, 2024 | Industry News
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...
by Jacob Musselman | Dec 29, 2023 | Industry News
Retailers have been focused on efforts to mitigate returns, as total returns for the industry amounted to $743 billion in 2023, a return rate of 14.5%, according to a report released by the National Retail Federation (NRF) and Appriss Retail. For every $1 billion in...
