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| Trade, Port Tracker, Supply Chain, Forecasts
Imports at the nation’s major retail container ports will remain at high levels this summer but are expected to grow only modestly compared with last year’s rush to bring merchandise into the country ahead of scheduled tariff increases, according to NRF's Global Port Tracker report.
| Leadership
NRF will name Kohl’s CEO Michelle Gass as “The Visionary,” an award given each year to an outstanding leader in the retail industry. The award will be presented during the sixth annual NRF Foundation Honors on January 12, 2020, in New York City.
| Trade, Supply Chain
NRF hopes progress made during talks between President Trump and China’s President Xi Jinping at the G-20 summit in Japan will lead to the end of the two countries’ trade war.
| Consumer View, Consumer Trends
Consumers are embracing the use of retail technology to improve their shopping experience, according to the latest issue of the Consumer View report released by the National Retail Federation.
| Trade, Supply Chain
NRF welcomed legislation that would strengthen congressional authority over tariff increases like those imposed by the Trump administration during the past year.
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The National Retail Federation urged the Office of the U.S. Trade Representative to avoid 25 percent tariffs on $300 billion in Chinese goods and released a new study examining key product categories and the negative impact on American consumers.
| Retail Sales, Economy
Retail sales rose 0.5 percent in May seasonally adjusted from April and up 3.2 percent unadjusted year-over-year, the National Retail Federation said. The numbers exclude automobile dealers, gasoline stations and restaurants.
| Loss Prevention
A veteran member of the loss prevention community and a Department of Homeland Security investigator will be honored for their efforts to protect the retail industry during the National Retail Federation’s annual NRF PROTECT conference in Anaheim, Calif.
| Port Tracker, Trade
Imports at the nation’s major retail container ports are expected to continue to grow this summer as retailers stock up inventory to get ahead of higher tariffs, according to the monthly Global Port Tracker report released by the National Retail Federation and Hackett Associates.
| Loss Prevention
Theft, fraud and losses from other retail “shrink” totaled $50.6 billion in 2018, up from $46.8 billion the year before as industry security executives said there is a growing overlap between loss prevention and cybersecurity efforts, according to the annual National Retail Security Survey released by the National Retail Federation and the University of Florida.