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| Loss Prevention, Organized Crime, Fraud
Thefts, fraud and losses from other retail “shrink” decreased to $46.8 billion in 2017 from $48.9 billion the year before as shoplifting and organized retail crime continued to be the leading causes, according to the annual National Retail Security Survey released today by the National Retail Federation and the University of Florida.
| Loss Prevention, Careers & Leadership, Leadership
Shults will address “Leading in Uncertain Times” on the second day of the three-day conference in Dallas.
| Economy
More than 100 retail and restaurant companies and associations today urged Congress to take quick action on technical corrections to the federal tax reform law that took effect this year, saying drafting errors related to depreciation rules and “carryback” of operating losses are costing both industries millions of dollars.

| Careers & Leadership, Leadership
The NRF Foundation announced the addition of Michael Colaneri (AT&T), Karin M. Norington-Reaves (Chicago Cook Workforce Partnership) and Talia Watts (Nike) to its Board of Directors who will each serve a two-year term until January 2021.
| Workforce, Economy
Retailers added 28,800 jobs in the month of May and 100,200 jobs unadjusted year-over-year.
| Consumer Trends, Holidays & Seasonal, Father's Day
The expected spending would be second only to last year’s $15.5 billion, the highest in the 15-year history of the survey at an average $135 per person.
| Economy, Trade
The National Retail Federation issued the following statement from President and CEO Matthew Shay after the White House announced plans to move forward with tariffs on $50 billion of Chinese imports.

| Data Security, Loss Prevention
NRF and EuroCommerce released a paper that addresses operational challenges retailers in both the United States and the European Union face as they implement programs to comply with new EU data protection regulations while continuing to meet consumers’ expectations for customer service.
| Consumer Trends, Holidays & Seasonal
American adults are planning to spend $102.51 on graduation gifts which include cash, gift cards, and greeting cards.
| Economy, Trade
National Retail Federation President and CEO Matthew Shay discussed U.S. retailers' concerns about protectionist trade policies in Ireland today as part of the 2018 Retail Retreat & Expo conference.