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The National Retail Federation today issued the following statement from Senior Vice President for Government Relations David French after President Biden signed an executive order establishing a Presidential Emergency Board to help resolve labor disputes between freight railroads and rail labor organizations.

As inflation continues to rise, one-third of consumers (38%) said they are cutting back in other spending areas to cover the cost of items for the upcoming school year, according to the annual survey released today by the National Retail Federation and Prosper Insights & Analytics. Families expect to spend more per person on both K-12 and college items this year as a result of higher prices.

The National Retail Federation today issued the following statement from President and CEO Matthew Shay after the U.S. Bureau of Labor Statistics released the latest Consumer Price Index numbers.

The National Retail Federation today announced five finalists for the 2022 America’s Retail Champions program. Now in its sixth year, America’s Retail Champions honors small retailers from across the country who make their mark on public policy debates affecting the retail industry.

Imports set another record high this spring as the nation’s major container ports worked to reduce congestion and retailers stocked up before dockworkers’ West Coast labor contract expired, according to the monthly Global Port Tracker report released from NRF and Hackett Associates.

The National Retail Federation today issued the following statement from Senior Vice President of Government Relations David French regarding the U.S. Food and Drug Administration’s (FDA) announcement to strengthen the U.S. infant formula supply without compromising quality standards.

The U.S. economy’s rate of growth is slowing, but NRF Chief Economist Jack Kleinhenz says consumers remain financially healthy and that the nation is unlikely to enter into a recession during the remainder of 2022.

As the Uyghur Forced Labor Prevention Act took effect, NRF, the American Apparel & Footwear Association, the Retail Industry Leaders Association and The United States Fashion Industry Association issued a joint statement calling the new law "a key component of a broad global strategy and our shared goal to end forced labor."

Retail sales slowed in May as consumers faced continuing inflation and higher prices for essentials like food and gasoline, NRF said.

NRF welcomed final passage of the Ocean Shipping Reform Act of 2022, which now goes to President Biden for his signature.