Tag: nrf
4 Major Hits and 1 Miss from the NRF’s 2024 Big Show
This article by Tony D'Onofrio summarizes the NRF's 2024 Big Show, highlighting both the ‘hits’ and "misses" from the annual event.
Valentine’s Day Spending on Significant Others Predicted to Reach New Record
Valentine’s Day is returning to its romantic traditions, with total spending for the holiday expected to reach a record $14.2B this year.
2023 Holiday Sales Grew 3.8% to Record $964.4B
US Census Bureau data shows that core retail sales during the 2023 holiday season grew 3.8% over 2022 to a record $964.4 billion.
NRF Foundation Honors Raises Over $3M to Support Careers in Retail
The ninth annual NRF Foundation Honors event raised more than $3M to fund the NRF Foundation’s career development programs and resources.
NRF Economist Says 2023’s Consumer Spending Growth is ‘Not Necessarily Sustainable’ in 2024
Consumers spent more than expected amid high inflation and interest rates during 2023, though spending is now expected to slow in 2024.
December Retail Monitor Numbers Show Retailers Had Strong Holiday Season
Retail sales continued to grow in December, completing a strong holiday shopping season, according to the CNBC/NRF Retail Monitor.
Import Cargo Enters Winter Lull as Red Sea Disruptions Continue
NRF reported that inbound cargo volume at the nation’s major container ports should gradually slow during the first quarter of 2024 before beginning to build again in the spring.
$743 Billion in Merchandise Returned in 2023
Retailers have been focused on efforts to mitigate returns, as total returns for the industry amounted to $743 billion in merchandise in 2023.
NRF Debuts New Center for Retail Sustainability
NRF announced the launch of a new Center for Retail Sustainability, which will serve as the industry’s hub to support retailers’ efforts to generate economic value and more.
142 Million Shoppers Expected for Super Saturday
The number of expected shoppers is up significantly from the last time Super Saturday fell on Dec. 23, when 126 million consumers were expected to shop on that day in 2017.