NRF news and archive

NRF: Shoplifting figures see sharp increase on pre-Covid levels

A new report by the US’ National Retail Federation (NRF) has documented a concerning increase in shoplifting incidents in 2023 compared to that of pre-Covid levels. According to the organisation’s ‘The Impact of Retail Theft & Violence 2024’ study, there was a 93 percent increase in the average number of reported shoplifting incidents last year...

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US retailers call for action against soaring credit card fees

Retailers across the nation are calling for action to be taken against increasing credit card swipe fees, which are driving up costs for businesses and consumers. At a Senate Judiciary Committee hearing on November 19, the National Retail Federation (NRF) underlined the economic impact caused by these fees and pushed for the Credit Card...

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US retail sales bounce back in October ahead of forecasted ‘record’ Thanksgiving weekend

Things seem to be looking up for the US retail sector, which bounced back “strongly” in October according to new figures released by the CNBC/National Retail Federation (NRF) Retail Monitor. According to the report, total retail sales were up 0.74 percent seasonally adjusted month-over-month, and up 4.13 percent unadjusted year-over-year in the...

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NRF names Tommy Hilfiger as the winner of its The Visionary 2025 award

The National Retail Federation (NRF) has named American fashion designer Tommy Hilfiger the recipient of its annual Visionary award. The founder of the eponymous brand will receive the award at the 10th annual NRF Foundation Honors on January 12, 2025, in New York City. “With four decades of building a brand that has seamlessly blended classic...

Fashion Featured

6 macro themes that will reshape our industry by 2026

Fashion used to be a PEST - that is, influenced by Politics, Economics, Society and Tech. Speaking at this month’s NRF conference, WGSN’s VP Consumer Insights, Andrea Bell, delivered a forward-thinking overview of the industry entitled, “Global Forces Shaping the Retail Business Landscape” that elaborated on the acronym created by Harvard...

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Brand leaders from Saks, Glossier, Crocs describe how to be cool

What is cool? Can a brand cultivate an aura of cool through strategy? These are questions that C-Suites everywhere must grapple with as the gap between heritage brands and digitally native consumers only widens. At the National Retail Federation expo this month, leaders from companies as diverse as Glossier, Crocs, Claire's, and Saks all...

Fashion Featured

The most exciting tech innovations from National Retail Federation’s 2024 expo

Coming to a store near you, the dynamic solutions that elicited the most excitement at this year’s expo will change how we shop, staff and even operate brick and mortar locations and e-commerce sites. Technology has been transforming the retail sector at warped speed even since last year's NRF, and these innovations are set to become commonplace...

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NRF Retail's Big Show: 4 Consumer Trends Driving Retail in 2024

As the dust slowly begins to settle following the latest NRF 2024 Retail's Big Show and the last out-of-town visitors leave, we pause to reflect on some of the lessons gleaned from the annual industry gathering. Throughout the event, leading retailers from various sectors convened to explore the industry's newest innovations, solutions, and...

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PTC to Showcase Retail Digital Thread Platform at NRF 2024

Across all three days of NRF: Retail’s Big Show, in New York City, PTC will deliver live demonstrations of the very latest release of retail’s leading PLM solution, FlexPLM, as well as Flex Insights, and a full suite of digital product creation and sustainability solutions – all designed to give brands and retailers the Power to Create. PTC has...

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What to expect at the NRF 2024: Retail's Big Show

NRF Retail Big Show is returning to the Jacob K. Javits Convention Center in New York this weekend for its 2024 edition. One of the industry's leading events, the National Retail Federation's (NRF) Big Show features talks, exhibitions, live demonstrations, and more, covering topics ranging from innovation to new technologies, leadership, and...

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Retail experts predict a record-breaking holiday sales season

Forecasts by the National Retail Federation for this holiday season is that spending will reach record levels, with growth of between 3 and 4 percent over 2022, for a final result of between 957.3 and 966.6 billion dollars. According to NRF President and CEO Matthew Shay, sales will more than match pre-pandemic levels due to the economic...

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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...