Tag: nrf
Economy Likely to Grow Even as Feds Work to Slow Inflation
The United States appears to be at the midpoint of an economic cycle that should continue to see growth, according to the NRF.
Retail Returns Climbed to $761 Billion in 2021
A new report released today by the National Retail Federation and ApprissRetail shows that retailers expect more than $761 billion in merchandise sold last year to be returned by consumers.
Hanwha Techwin Unveils New Range of Quick Checkout Solutions
With the new QCO A5 model, shoppers simply place their purchases on a conveyor belt, and the system will automatically scan each item using 360-degree vision-based barcode recognition technology.
Nearly 180 Million Americans Shopped Over the Holiday Weekend
Nearly 180 million Americans shopped during the five-day holiday period from Thanksgiving Day to Cyber Monday, according to the National Retail Federation and Proper Insights & Analytics’ annual survey, released today.
The Impact of COVID-19 on Organized Retail Crime
With economic instability and uncertainty as inevitable after-effects of the pandemic, a change in ORC targeted products is expected.
ORCAs in Action: A Testament to Cooperation and Teamwork
ORCAs in Action is an LPM initiative designed to support local and regional ORC efforts driven by these vital ORCA organizations.
$428 Billion in Merchandise Returned in 2020
While the total rate of returns was in line with recent years, online returns more than doubled in 2020 from 2019.
Retailers Welcome Passage of Bipartisan Fiscal Stimulus Deal
NRF issued a statement from CEO Matthew Shay in response to Congressional passage of the Emergency Coronavirus Relief Act of 2020.
Retailers Report Rising Cases and Increased Losses from ORC
Organized retail crime is continuing to grow, with the number of dollars lost topping a key threshold for the fifth year in a row.
Retail Shrink Increased in 2019 Amid Rising Employee Theft, Shoplifting, ORC
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.