NRF news and archive

NRF says US imports to remain lower than 2022 levels

The National Retail Federation (NRF) has said that it is expecting US imports to remain “well below” last year’s levels in 2023 as demand continues to falter in the region. This is according to research carried out by the organisation and Hackett Associates, which collaborated on the Global Port Tracker report for 2023. While levels are still...

RetailFeatured

Retailers focus for 2023: Reaping the fruits of their tech investments and championing customer loyalty

After a couple of years dominated by uncertainty, apparel retailers have a clear path of action: 2023 is the year to reap the fruits of their investments in AR, AI, and other tech to champion customer loyalty. Earlier this week, the who is who of the retail industry met at the US largest trade event of the year to debate whereas that sought...

Fairs

NRF Retail Big Show in New York: What to expect

NRF Retail Big Show is returning to New York in 2023. The leading retail event covers topics like innovation, new technology, leadership, new business models, omnichannel, and many more. The event features a 300,000 square foot exposition space, an NRF Innovation Lab, a Startup Zone, and an educational curriculum about the industry and future...

Retail

NRF raises 3.22 million dollars to fund programmes supporting future retail leaders

The National Retail Federation (NRF) has raised 3.22 million dollars at its seventh annual NRF Foundation Honors, an event to raise funds for the organisation’s programmes supporting careers in retail. Set at the Marriott Marquis Times Square, the event was co-hosted by Macy’s chairman and CEO, Jeff Gennette, and former Qurate Retail president...

Business |ANALYSIS Featured

From policy abuse to friendly fraud: Retailers face billions in revenue loss

As consumers and brands alike settle into the new ways of commerce, businesses have been facing a rising volume of fraudulent activities. From account takeover to policy abuse, to chargeback and friendly fraud, retailers are looking for ways to mitigate different types of fraud costing them billions in revenue annually. Whenever a customer asks...

Fairs

Handheld aims to improve shipping efficiency

In this world of e-commerce, there is nothing more imperative to retailers than shipment. Handheld is helping make the shipping process more seamless using their new SP500X ScanPrinter. The device is currently the only device of its kind that allows workers to scan a barcode with one swipe and with the next swipe prints information (like which...

Fairs |Interview

Surefront aims to centralize retail communication

COVID-19 threw the world into a global supply chain crisis. The tech industry took notice and realized there was an increase in demand for product lifecycle management (PLM) software. With necessity being the mother of invention, this led to the creation of Surefront, a PLM software that is becoming well known for saving the sanity of suppliers...

Fashion

Retailers encouraged by Key Provisions in HEALS Act

The National Retail Federation issued the following statement from NRF Senior Vice President for Government Relations David French regarding the Health, Economic Assistance, Liability Protection, and Schools (HEALS) Act, the Republican version of additional stimulus funds, in response to the coronavirus pandemic: While understanding that the...

Fashion

Coalition puts pressure on fashion to end forced labour

An international coalition called on fashion and garment giants Thursday to break supply chains from the Xinjiang region of China and cut ties with those implicated in Uighur forced labor within the next year. The Coalition to End Forced Labour in the Uyghur Region, an international group of rights, civil society and trade organizations, warned...

Business

The National Retail Federation steps up to support the fashion industry

The National Retail Federation (NRF) is the largest retail trade association in the world. The NRF consists of members from all phases of the retail industry ranging from department stores to independent retailers. Representing not only the United States, but they also encompass over 45 countries. Often described as the “voice of retail,” the...

RetailFeatured

How to understand and reach the Chinese consumer through Tmall

China is projected to become one of the world’s largest consumer markets as consumption in the region continues to grow exponentially. According to a 2016 study conducted by McKinsey & Company, the majority of Chinese consumers are increasingly interested in buying premium quality products across categories, meaning they are willing to spend...

BusinessFeatured

What is contextual commerce? Gwyneth Paltrow explains goop at NRF

Not many 12-year-old lifestyle brands are featured in a six-part docu-series on Netflix, but not many lifestyle brands are founded by Gwyneth Paltrow. The popular streaming service released “The Goop Labs” earlier this week, focusing on the alternative wellness remedies showcased by Goop. Speaking at the National Retail Federation earlier this...