National Retail Federation News & Resources
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National Retail Federation acquires Reverse Logistics Association
September 8, 2023
Earlier this week, the Washington, D.C.-based National Retail Federation (NRF) said it has acquired the Reverse Logistics Association (RLA), a global trade association for the returns and reverse industry. A purchase price was not disclosed.
July retail sales see modest gains, reports Commerce and NRF
August 15, 2023
Commerce reported that July retail sales, at $696.4 billion, were up 0.7%, from June to July, and up 3.2% annually. NRF reported that July retail sales, which does not include automobile dealers, gasoline stations, and restaurants, rose 1% on a seasonally-adjusted basis over June and increased 3.8% annually on an unadjusted basis.
NRF highlights an ongoing decrease in consumer spending
August 14, 2023
The decrease in consumer spending, which, as we all know, drives roughly 70% (give or take) of all economic activity, was a key theme in a blog posting recently issued by National Retail Federation (NRF) Chief Economist Jack Kleinhenz, in the NRF’s Monthly Economic Review. The key thesis made by Kleinhenz was that even though U.S. consumers are buying more than they were a year ago at this time, growth in spending is slowing down, as does the economy...
While volumes are down, August growth is in the cards, reports Port Tracker
August 9, 2023
For June, the most recent month for which data is available, Port Tracker reported that import volumes, for the ports covered in the report, came in at 1.83 million TEU (Twenty-Foot Equivalent Units), marking a 5.2% gain decrease compared to May and an 18.7% annual decline. For the first half of 2023, total imports came in at 10.5 million TEU, down 22% compared to the same period a year ago.
Retail sales up in June, report Commerce and NRF
July 18, 2023
Commerce reported that June retail sales rose 0.2% over May, while NRF's data, which excludes automobile dealers, gasoline stations, and restaurants, was up 0.4% from May to June.
June retail sales see gains, reports Commerce and NRF
July 18, 2023
Commerce reported that June retail sales, at $689.5 billion, rose 0.2% over May and saw a 1.5% annual increase. NRF reported that June retail sales, which does not include automobile dealers, gasoline stations, and restaurants, were up 0.4%, from May to June and were up 3.3% on an unadjusted basis annually.
May retail sales see gains, report Commerce and NRF
June 15, 2023
Commerce reported that May retail sales—at $686.6 billion—headed up 0.3% over April and were up 1.6% annually. And it added that total retail sales, from March through May, were up 1.7% annually. NRF reported that May retail sales were up 0.4% over April and were up 4.4% on an unadjusted basis annually.
New Port Tracker report signals more U.S.-bound import declines over the rest of 2023
June 8, 2023
For April, the most recent month for which data is available, Port Tracker observed that import volumes, for the ports covered in the report, came in at 1.78 million TEU (Twenty-Foot Equivalent Units), which marked a 9.6% gain over March’s 1.62 million TEU— the lowest volume in a month going back to May 2020’s 1.53 million TEU, when several Asian-based factories and U.S.-based stores were closed because of the pandemic—and a 21.3% annual decline.
April retail sales show gains amid a cautious 2023 outlook
May 16, 2023
Commerce reported that April retail sales—at $686.1 billion—were up 0.4% compared to March and were up 1.6% annually. NRF reported that April retail sales, which does not include automobile dealers, gasoline stations, and restaurants, were up 0.6% over March and were up 2% on an unadjusted basis annually. And on a three-month moving average through April, NRF said that retail sales were up 3.7% annually on an unadjusted basis.
U.S.-bound import declines remain intact, reports Port Tracker
May 8, 2023
For March, the most recent month for which data is available, Port Tracker noted that import volumes, for the ports covered in the report, came in at 1.62 million TEU (Twenty-Foot Equivalent Units), marking a 5% gain over February—which saw its lowest volume in a month going back to May 2020’s 1.53 million TEU, when several Asian-based factories and U.S.-based stores were closed because of the pandemic—while posting a 30.6% annual decline. This tally trailed a previous March estimate, of 1.68...
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