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Consumers remain worried about high inflation and Federal Reserve interest rate hikes intended to bring inflation under control, but neither has stopped them from spending.
Consumers' willingness to spend overcame inflation again in August as more jobs and higher wages helped ease some of the pressure of continuing high prices.
Retail shrink, when taken as a percentage of total retail sales in 2021, accounted for $94.5 billion in losses last year, up from $90.8 billion in 2020, according to the 2022 National Retail Security Survey.
Core retail sales rose in July even as overall sales reported by the Census Bureau remained flat on a monthly basis, and both calculations showed strong year-over-year gains.
Despite two consecutive quarters of decline, the US economy still does not appear to be in a recession and remains unlikely to enter one this year.
In a mobile payment world with contactless technology on the rise, what will the future of cash in the retail industry look like?
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.
The National Retail Federation discusses the future of the economy in the July issue of their Monthly Economic Review.
NRF PROTECT 2022 focused on innovative ways to combat retail security crime, lead with control and effectiveness, and more.
The 2022 NRF Protect conference came to a close on Thursday after three days of engaging informational sessions, opportunities for networking, and a busy Exposition Hall. On the final day, attendees had the chance to celebrate their colleagues while learning about leadership, innovation, and more from a variety of speakers.