NRF news and archive

US consumers projected to spend 23.6 billion dollars over Easter weekend

Ahead of the Easter weekend, the National Retail Federation (NRF) has released its annual survey projecting consumer spending for the holiday period. Together with Prosper Insights, the organisation said consumers were planning to spend a total of 23.6 billion dollars on Easter this year, up from the 22.4 billion dollars spent in 2024. While...

Retail

NRF projects $5.42 trillion in 2025 retail sales amid global economic uncertainty

US retail sales are forecasted to grow between 2.7 percent to 3.7 percent in 2025, reaching 5.42 to 5.48 trillion dollars, according to the National Retail Federation (NRF). This projection was shared earlier this week, during the NRF’s annual State of Retail & the Consumer event, and reflects economic momentum driven by low unemployment and...

Retail

US: Yearly sales up in January despite consumers holding back

After a busy holiday season, consumers in the US seemed to pull back their costs in January, despite spending being up on a yearly basis, reflecting a strengthened market overall. This is according to new figures collected in the CNBC/NRF Retail Monitor, which revealed that total retail sales across the US for January, excluding automobiles and...

BusinessMember

NRF backs Trump’s plans to review tariffs but warns of consumer impact

The National Retail Federation (NRF), the US’ retail trade association, has said that it will welcome president Donald Trump’s review of tariffs but warns of consequences in relation to possible cost increases for consumers. Its comments come after Trump directed federal agencies to examine US trade policies on January 20, 2025, with a goal to...

Retail

NRF: Shoplifting figures see sharp increase on pre-Covid levels

A new report by the US’ National Retail Federation (NRF) has documented a concerning increase in shoplifting incidents in 2023 compared to that of pre-Covid levels. According to the organisation’s ‘The Impact of Retail Theft & Violence 2024’ study, there was a 93 percent increase in the average number of reported shoplifting incidents last year...

BusinessMember

US retailers call for action against soaring credit card fees

Retailers across the nation are calling for action to be taken against increasing credit card swipe fees, which are driving up costs for businesses and consumers. At a Senate Judiciary Committee hearing on November 19, the National Retail Federation (NRF) underlined the economic impact caused by these fees and pushed for the Credit Card...

BusinessFeaturedMember

US retail sales bounce back in October ahead of forecasted ‘record’ Thanksgiving weekend

Things seem to be looking up for the US retail sector, which bounced back “strongly” in October according to new figures released by the CNBC/National Retail Federation (NRF) Retail Monitor. According to the report, total retail sales were up 0.74 percent seasonally adjusted month-over-month, and up 4.13 percent unadjusted year-over-year in the...

People

NRF names Tommy Hilfiger as the winner of its The Visionary 2025 award

The National Retail Federation (NRF) has named American fashion designer Tommy Hilfiger the recipient of its annual Visionary award. The founder of the eponymous brand will receive the award at the 10th annual NRF Foundation Honors on January 12, 2025, in New York City. “With four decades of building a brand that has seamlessly blended classic...

FairsFeatured

NRF Retail's Big Show: 4 Consumer Trends Driving Retail in 2024

As the dust slowly begins to settle following the latest NRF 2024 Retail's Big Show and the last out-of-town visitors leave, we pause to reflect on some of the lessons gleaned from the annual industry gathering. Throughout the event, leading retailers from various sectors convened to explore the industry's newest innovations, solutions, and...

FairsFeatured

What to expect at the NRF 2024: Retail's Big Show

NRF Retail Big Show is returning to the Jacob K. Javits Convention Center in New York this weekend for its 2024 edition. One of the industry's leading events, the National Retail Federation's (NRF) Big Show features talks, exhibitions, live demonstrations, and more, covering topics ranging from innovation to new technologies, leadership, and...

BusinessMember

NRF says US imports to remain lower than 2022 levels

The National Retail Federation (NRF) has said that it is expecting US imports to remain “well below” last year’s levels in 2023 as demand continues to falter in the region. This is according to research carried out by the organisation and Hackett Associates, which collaborated on the Global Port Tracker report for 2023. While levels are still...

RetailFeatured

Retailers focus for 2023: Reaping the fruits of their tech investments and championing customer loyalty

After a couple of years dominated by uncertainty, apparel retailers have a clear path of action: 2023 is the year to reap the fruits of their investments in AR, AI, and other tech to champion customer loyalty. Earlier this week, the who is who of the retail industry met at the US largest trade event of the year to debate whereas that sought...