National Retail Federation (NRF)

For more than 100 years, the National Retail Federation has been the voice of the retail industry. We are dedicated to advocating for the individuals, policies, and concepts that support the growth of retail. Retail is the largest private employer in the country, contributing a remarkable $3.9 trillion to the yearly GDP. No other sector matches this contribution. The direction of the retail industry often sets the pace for the entire nation, and we are devoted to pushing retail to new heights.

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NRF | Love, actually: 3 ways consumers are embracing Valentine’s Day this year

2 months ago | nrf.com

A closer look at how consumers plan to spend a record $27.5 billion on the holiday
NRF Chief Economist Says ‘Conditions are Shaping Up for a Successful Holiday Retail Season’

Dec 5, 2024 | nrf.com | J. Craig Shearman

“Even though the traditional kick-off to the holiday season started with Black Friday, this holiday shopping season was already in full swing.”WASHINGTON – Strong results during the third quarter and continued growth in key economic data since then have set the stage for a solid holiday season, National Retail Federation Chief Economist Jack Kleinhenz said today.
Retailers Tell Senate Credit Card ‘Swipe’ Fees are ‘Adding Inflationary Pressure to the U.S. Economy’

Nov 19, 2024 | nrf.com | J. Craig Shearman

“Arbitrarily high swipe fees are adding inflationary pressure to the U.S. economy and prevent retailers and other merchants from growing their businesses.”WASHINGTON – Growing credit card swipe fees are driving up costs for retailers and prices for consumers but could be reined in by passage of the Credit Card Competition Act, the National Retail Federation told the Senate Judiciary Committee today.
Census Data for October Shows ‘Healthy’ Retail Sales and ‘Early Step Forward’ Into the Holiday Season

Nov 15, 2024 | nrf.com | J. Craig Shearman

“October sales were a good early step forward into the holiday shopping season, which is now fully underway."WASHINGTON – Data released today by the U.S. Census Bureau shows that retail sales grew solidly over the past two months, demonstrating households’ capacity to spend and the strength of the economy, National Retail Federation Chief Economist Jack Kleinhenz said.
CNBC/NRF Retail Monitor Shows Strong Retail Sales Gains in October After a Slow September

Nov 11, 2024 | nrf.com | J. Craig Shearman

"October sales have set the stage for a good start to the holiday shopping season.”WASHINGTON – Retail sales bounced back strongly in October as the economy remained in good shape and consumers moved past concerns about a port strike and other issues that slowed September’s sales, according to the CNBC/NRF Retail Monitor, powered by Affinity Solutions, released today by the National Retail Federation.
Import Cargo Could See Surge Ahead of Potential Port Strike and Trump Tariffs

Nov 8, 2024 | nrf.com | J. Craig Shearman

"Neither of these developments is good for retailers, their customers or the economy.”WASHINGTON – Import volumes at the nation’s major container ports could be higher than previously expected for the remainder of this year as retailers face another potential East Coast/Gulf Coast port strike and tariff increases planned by President-elect Donald Trump, according to the Global Port Tracker report released today by the National Retail Federation and Hackett Associates.
Holiday Spending Still on Track for Steady Growth Amid ‘Mixed Signals’ in Recent Jobs and GDP Data

Nov 7, 2024 | nrf.com | J. Craig Shearman

“The economic data calendar was quite busy at the end October but while there were contradictions and mixed signals, we continue to believe the U.S. economy remains in a good place.”WASHINGTON – The National Retail Federation still expects steady sales growth for the winter holiday season despite contradictions in the latest economic indicators, NRF Chief Economist Jack Kleinhenz said today.
Retailers Say CFPB Open Banking Rules Could Reduce Need for ‘Swipe’ Fees and Save Consumers Billions

Oct 22, 2024 | nrf.com | J. Craig Shearman

“Retailers need to pay close attention to developments with open banking and the potential it offers as an alternative to the costly way payments are currently processed.”WASHINGTON – The National Retail Federation welcomed open banking regulations issued today by the Consumer Financial Protection Bureau, saying the new rules could lead to an alternative to credit card “swipe” fees that cost merchants and their customers billions of dollars each year.
Census Retail Sales Data Shows Retail Sales Grew in September

Oct 17, 2024 | nrf.com | J. Craig Shearman

“While there have been some signs of tightening in consumer spending, September’s numbers show consumers are willing to spend where they see value.”WASHINGTON – Data released today by the U.S. Census Bureau shows retail sales increased again in September as employment grew and inflation and interest rates fell, National Retail Federation Chief Economist Jack Kleinhenz said.
CNBC/NRF Retail Monitor Shows Retail Sales Declined Monthly in September But Still Grew Year Over Year

Oct 10, 2024 | nrf.com | J. Craig Shearman

“Due to geopolitical tensions, uncertainty regarding election outcomes, anticipation of the port strike and lingering inflation in services, shoppers showed caution.