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| 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.
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The growing tariff bill paid by U.S. businesses and consumers is adding up and will raise the cost of living for American families.
| Father's Day, Holidays & Seasonal
Americans are expected to spend more than ever on gifts for Father’s Day this year, according to the National Retail Federation’s annual survey conducted by Prosper Insight & Analytics. Total spending for the holiday is estimated to reach $16 billion, up from last year’s $15.3 billion.