by Jacob Musselman | Nov 15, 2023 | Industry News, Trends & Products
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 today....
by Jacob Musselman | Nov 8, 2023 | Industry News
Jack Kleinhenz, National Retail Federation (NRF) chief economist, says this year could be another record year for holiday sales. “The last few holiday shopping seasons have been filled with unmatched peculiarities for consumers and retailers alike,” Kleinhenz says. ...
by Jacob Musselman | Nov 7, 2023 | Industry News
$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 considers...
by Lindsey Thompson | Sep 30, 2023 | Operational Insights
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 as swipe fees, and...
by Lindsey Thompson | Aug 1, 2023 | Industry News, Operational Insights
Costing businesses money and peace of mind, shrink takes a toll on the retail industry, especially on independently owned and small- and medium-size businesses. The National Retail Federation’s (NRF) National Retail Security Survey 2022 discovered retail shrink, which...
