NEW YORK, NY - National Retail Federation Convention (NRF) - President Bill Clinton shared insights and observations with a packed house of attendees at this year's NRF Convention. In his speech "Embracing our Common Humanity" he described the challenges of globalization, our growing interdependence, and he pointing the way toward a common future based on shared goals and values.
Following his speech, President Clinton was interviewed by Terry J. Lundgren Chairman, President, and CEO of Macy's on the current state of the US economy and retail spending. According to the National Retail Federation, retail industry sales will rise 3.4 percent to $2.53 trillion, that's slightly lower than the pace of 2011, in which sales grew 4.7 percent. Many economists estimate that real U.S. GDP will rise approximately 2.1 to 2.4 percent.
The NRF is one of the world’s largest retail trade association. The NRF represents retailers of all types and sizes, including chain restaurants and industry partners, from the United States and more than 45 countries. Retailers operate more than 3.6 million U.S. establishments that support one in four U.S. jobs, that's 42 million working Americans.
More coverage of NRF coming soon...