Consumer spending growth is slowing as the economy settles down amid higher interest rates intended to reduce inflation, National Retail Federation chief economist Jack Kleinhenz noted in the August NRF Monthly Economic Review. He pointed out that gross domestic...
The Global Port Tracker report released today by the National Retail Federation and Hackett Associates forecasts August import cargo volume at the main container ports around the United States should reach the highest monthly reading in almost a year as retailers...
The United Parcel Service has announced that it had reached a tentative collective bargaining agreement with the International Brotherhood of Teamsters, which represents about 330,000 UPS employees in the United States. The five-year agreement covers U.S....
Retail sales rose in June even as employment grew more slowly, according to the National Retail Federation. Based on United States Census Bureau figures, NRF stated that overall retail sales in June gained 0.2% from May and 1.5% year over year. May sales advanced 0.5%...
According to a survey released by the National Retail Federation and Prosper Insights and Analytics, consumers will spend record amounts for back-to-school and back-to-college shopping this year. Study results indicate that back-to-school spending will reach $41.5...
