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Consumers will collectively spend a record-high $22.9 billion to celebrate Father’s Day this year, according to the annual survey. Total expected spending for the holiday is up from last year’s $20 billion and exceeds the previous record of $20.1 billion in 2021.
NRF President and CEO, Matthew Shay, joined CNBC’s ‘Squawk Box’ to address retail theft, how it is affecting retailers and how to combat the issue.
Organized retail crime is a growing threat for retailers
Organized retail crime (ORC) is the large-scale theft of retail merchandise with the intent to resell the items for financial gain. Learn more about how ORC differs from shoplifting, the impact it’s having on retailers across the nation and how NRF is working with lawmakers to combat the issue.
June 5-7, 2023
Don’t miss our final registration deadline for retailers! You save $100 on individual and team Full Conference Passes when you register by May 24.
Brands wield the power of resale retail to help boost sustainability efforts. Anchoring bias — the tendency to rely heavily on the first information received about a topic, even as new data becomes available — is decidedly real. So when it comes to sustainability in retail, some believe it’s all about, for example, packaging.
June 20-21, 2023
Attend NRF’s retail general counsel community at the General Counsels Forum summer meeting in Washington, D.C. Network with your colleagues during a welcome reception and networking dinner, followed by a day of peer-to-peer discussions and presentations.
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