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The National Retail Federation today announced it will introduce a new Consumer Product Showcase at NRF 2023: Retail’s Big Show. The program provides a forum for small businesses to feature their consumer-facing products for national merchandisers. The majority (84%) of products showcased will be from minority-owned, women-owned, veteran-owned, disability-owned or LGBTQ+-owned companies.
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The NRF Foundation today announced the School District of Philadelphia as its 2023 RISE Up Partner of the Year. Presented by Old Navy, the award recognizes the school district for its success with the NRF Foundation’s RISE Up training and credentialing program in Philadelphia and for its part in expanding the program across Pennsylvania.
| Economic Review, Retail Sales, Holiday Forecast, Winter Holidays
NRF Chief Economist Jack Kleinhenz say it’s too soon to say whether the Federal Reserve’s efforts to reduce inflation will lead to a recession, but continuing interest rate hikes increase the chances.
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NRF welcomed an order issued by the FTC that requires Mastercard to share data competing networks need in order to process online transactions made with Mastercard debit cards.
| Careers & Leadership
The NRF Foundation today announced the top teams in the 2023 NRF Foundation Student Challenge business competition.
| Organized Crime
The National Retail Federation today issued the following statement from Senior Vice President of Government Relations David French following the inclusion of the “Integrity, Notification, and Fairness in Online Retail Marketplaces (INFORM) for Consumers Act” in year-end congressional omnibus legislation.
| Careers & Leadership
The NRF Foundation announced the top five undergraduate finalists of the Next Generation Scholarship, the organization’s premier scholarship competition.
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Actor, writer and producer Kal Penn will deliver the closing keynote at NRF 2023: Retail’s Big Show. The annual convention will be held in New York City Jan. 15-17 and is expected to draw more than 35,000 retailers, vendors and industry experts from around the world.
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The NRF Foundation today announced the honorees of The List of People Shaping Retail’s Future 2023 – a dynamic group of retail leaders who will be celebrated at the NRF Foundation Honors in New York City in January.
| Retail Sales, Winter Holidays, Holiday Forecast
November retail sales dipped from a surge of early holiday shopping the month before but still saw solid year-over-year growth that marked a strong start to the holiday season, NRF said.