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The National Retail Federation today issued the following statement from Senior Vice President of Government Relations David French after the Combating Organized Retail Crime Act of 2023 was introduced in the U.S. House.
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Consumers will collectively spend a record-high $22.9 billion to celebrate Father’s Day this year, according to the annual survey released today by the National Retail Federation and Prosper Insights & Analytics. Total expected spending for the holiday is up from last year’s $20 billion and exceeds the previous record of $20.1 billion in 2021.
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The National Retail Federation today issued the following statement from Senior Vice President of Government Relations David French in response to President Biden’s proposed budget for fiscal year 2024.  
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NRF announced the recipients of the 2023 NRF PROTECT Awards, the highest loss prevention and asset protection recognitions in the retail industry. Six veteran loss prevention professionals will be honored on June 6 during the annual NRF PROTECT conference in Grapevine, Texas.
| Retail Sales, Economy
Retail sales bounced back in April, showing both month-over-month and year-over-year growth, NRF said.
| Economic Review, Economy
Slower-but-continued growth in gross domestic product and other economic indicators during the first quarter showed the difficulty of bringing inflation under control, National Retail Federation Chief Economist Jack Kleinhenz said in the May issue of NRF’s Monthly Economic Review.
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The National Retail Federation issued a statement from Vice President of Asset Protection and Retail Operations David Johnston following the Allen, Texas, outlet mall shooting.
| Port Tracker, Supply Chain, Trade, Economy, Forecasts
Import cargo volume at the nation’s major container ports is climbing back from a nearly three-year low in February but is expected to remain well below last year’s levels heading into this fall, according to the Global Port Tracker report from NRF and Hackett Associates.
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Consumers plan to spend a total of $35.7 billion on Mother’s Day this year, nearly $4 billion more than last year’s record high of $31.7 billion, according to the annual survey released today by the National Retail Federation and Prosper Insights & Analytics. Eighty-four percent of U.S. adults are expected to celebrate the holiday.
| Startups & Transformation
NRF 2024: Retail’s Big Show Asia Pacific, the highly anticipated trade exhibition jointly organized by the National Retail Federation and Comexposium, is now open for sales and sponsorship opportunities. The event will take place June 11 – 13, 2024, at the Sands Expo and Convention Centre in Singapore. With a 14,500 sqm trade exhibition, the event is expected to draw thousands of retailers and business partners from across the region.