Featured News

July Import Record Signals Retailers Getting Ahead of Possible Port Strike

Shipping facilities in the United States should be busy in September ahead of a possible labor strike at East Coast and Gulf Coast ports, according to the Global Port Tracker report released by the National Retail Federation and Hackett Associates.

Big Lots Files Chapter 11, Sets Up Acquisition by Nexus

After weeks of speculation about company finances, Big Lots announced that it filed for Chapter 11 bankruptcy protection after entering into an agreement with an affiliate of Nexus Capital Management under which the financial firm would acquire substantially all of the retailer’s assets and ongoing business operations.

NRF: Economy Approaching ‘Soft Landing,’ Not Recession

The economy is slowing but growing, inflation has moderated and the Federal Reserve has suggested it’s about to lower interest rates, which suggests that the United States has dodged a recession, according to National Retail Federation chief economist Jack Kleinhenz in NRF’s Monthly Economic Review.