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The National Retail Federation’s annual loss prevention, digital fraud, and cyber risk conference, NRF PROTECT, will be held in-person in Cleveland June 21-23 after a two-year hiatus due to COVID-19.
Four executives were named members of the National Retail Federation (NRF) Foundation Board of Directors during its meeting on April 13.
Top challenges have shifted from COVID-19 to inflation and the war in Ukraine, but the US economy will continue to face uncertainties in the year ahead.
The conference and expo will feature more than 25 sessions and 100 exhibitors with expertise and solutions related to supply chain operations, fulfillment, sourcing, corporate social responsibility, and more.
Retail sales showed a strong year-over-year gain in February, but the monthly pace slowed compared with January as inflation drove up prices and lingering effects of the COVID-19 omicron variant affected the supply chain.
Retail sales powered through COVID-19’s omicron variant, inflation, and other challenges to post strong increases in January, according to the NRF.
ORCAs in Action is an LPM initiative designed to support local and regional ORC efforts driven by these vital ORCA organizations.
While the total rate of returns was in line with recent years, online returns more than doubled in 2020 from 2019.
Organized retail crime is continuing to grow, with the number of dollars lost topping a key threshold for the fifth year in a row.
Theft, fraud, and losses from other retail “shrink” totaled $61.7 billion in 2019, up from $50.6 billion in 2018 according to the 2020 NRSS report.