It ain't fashion, if it ain't sustainable

National Retail Federation

PRESS RELEASE / Survey

16 October 2024

2 minutes

NRF's holiday forecast is based on economic modeling using various key economic indicators including consumer spending, disposable personal income, employment, wages, inflation and previous monthly retail sales releases.

Steady Sales Growth Expected for 2024 US Holiday Season, According to NRF

WASHINGTON, U.S.: The National Retail Federation today forecast that winter holiday spending is expected to grow between 2.5% and 3.5% over 2023. That equates to between $979.5 billion and $989 billion in total holiday spending in November and December, compared with $955.6 billion during the same timeframe last year.

“The economy remains...

PRESS RELEASE / Announcement

11 September 2024

2 minutes

Tommy Hilfiger represents the modern uniform for an aspirational lifestyle, with an unwavering commitment to sustainability and inclusivity.

NRF Names American Fashion Designer Tommy Hilfiger as The Visionary 2025

WASHINGTON, U.S.: The National Retail Federation announced that Tommy Hilfiger, founder of his namesake brand, will receive The Visionary award at the 10th annual NRF Foundation Honors on Jan. 12, 2025, in New York City.

“With four decades of building a brand that has seamlessly blended classic American style with modern sensibilities, Tommy...

Retail Watch / Sustainability Hub

20 December 2023

2 minutes

The initial areas of focus of the CRS include leveraging consumer insights around sustainability products and practices, facilitating the emergence of the circular economy, and improving supply chain traceability within the retail industry.

American Retailers' Federation Launches Own Sustainability Hub

In a push to drive sustainable retail, the National Retail Federation (NRF) has launched the Center for Retail Sustainability (CRS) to support retailers’ efforts to generate economic value while creating net positive environmental, social and community benefits.

Staff Writer

PRESS RELEASE / Survey

17 November 2023

3 minutes

Black Friday continues to be the most popular day to shop, with 72% (130.7 million) planning to shop, up from 69% in 2022. Cyber Monday is the second most popular day, attracting 39% (71.1 million) of those planning to shop over the weekend, on par with 38% last year.

More People Than Ever Expected to Shop During Thanksgiving Holiday Weekend

WASHINGTON, U.S.: An estimated 182 million people are planning to shop in-store and online from Thanksgiving Day through Cyber Monday this year, according to the annual survey released today by the National Retail Federation and Prosper Insights & Analytics. This figure is 15.7 million more people than last year and is the highest estimate since...

Trade Wars / 301 Tariffs

19 January 2023

2 minutes

The Section 301 tariffs applied to consumer goods imported from China have had a host of significant indirect costs that have found their way into prices or have proven to be hits to the companies’ bottomlines.

Section 301 Tariffs on China Added to Operational Costs of US Companies, Cost Burden Paid by American Families, Says Study

Punitive tariffs imposed by the US on apparel, footwear, travel goods and furniture imported from China have failed to make a significant negative impact on Chinese exporters. The additional cost burden associated with the tariffs is instead being passed on to the final consumer — the American family.

Staff Writer

PRESS RELEASE / Announcement

18 January 2023

3 minutes

The holiday results top the $889.3 billion spent during the 2021 holiday season and compare with NRF’s forecast that 2022 holiday retail sales would increase between 6% and 8% over 2021 to between $942.6 billion and $960.4 billion.

NRF Says 2022 Holiday Sales Grew 5.3% to $936.3 Billion

WASHINGTON, U.S.: Retail sales during 2022’s November-December holiday season grew 5.3% over 2021 to $936.3 billion, falling short of the National Retail Federation’s forecast amid continuing inflation and high interest rates, NRF said today. While holiday growth was less than expected, sales for the year grew 7% over 2021 to $4.9 trillion, meeting...

PRESS RELEASE / Announcement

30 November 2022

3 minutes

Record 196.7 Million Consumers Shop Over Thanksgiving Holiday Weekend

WASHINGTON, U.S.: A record 196.7 million Americans shopped in stores and online during the five-day holiday shopping period from Thanksgiving Day through Cyber Monday, according to the annual survey released today by the National Retail Federation and Prosper Insights & Analytics. The total number of shoppers grew by nearly 17 million from 2021 and...

Payment Systems / US Debit Cards

4 October 2022

3 minutes

The Fed announced new regulations that clarify that the routing choice requirement applies to online and other “card-not-present” transactions the same as in-store transactions and that card issuers must enable their cards to be processed on at least two networks regardless of where they are used.

New US Fed Rules: Networks Will Have to Compete Online, Not Just In-Store

Retailers and merchants in the US have welcomed the Federal Reserve’s long-awaited approval of new rules making it clear that merchants’ right to choose which payment networks process trillions of dollars in debit card transactions each year applies the same online as it does in stores and must be honoured by banks and card companies.

Staff Writer

Payment Systems / US Act

21 September 2022

4 minutes

Swipe fees are among merchants’ highest costs after labour and drive up prices paid by consumers by an estimated $900 a year for the average family. When all brands and types of cards are included, the fees totaled $137.8 billion in 2021, more than double the amount a decade earlier.

US Set to End Visa-Mastercard Duopoly, Address Swipe Fee Tyranny

The US House introduction of the Credit Card Competition Act to check skyrocketing swipe fees has been welcomed by industry associations. The bill addresses “swipe” fees averaging over 2% of the transaction that banks and card networks charge merchants to process credit card transactions.

Staff Writer

PRESS RELEASE / Statement

1 July 2022

3 minutes

The economy is moving away from extremely strong growth toward moderate growth, but increased income from employment gains, rising wages and more hours worked is expected to support household spending. Policy issues will likely be the deciding factor shaping the economic outlook this year and next

NRF Says Economy is Slowing But Recession is Unlikely in Near Term

WASHINGTON, U.S.: The U.S. economy’s rate of growth is slowing, but consumers remain financially healthy and the nation is unlikely to enter into a recession during the remainder of 2022, National Retail Federation Chief Economist Jack Kleinhenz said today.

“I am not betting on an official recession in the near term, but the most recent research...