The National Retail Federation said it agreed with a warning from the FBI that new chip-based credit cards are safer than traditional cards but still vulnerable to fraud and need to be used with a PIN instead of a signature to minimize risk.
The National Retail Federation expects sales in November and December (excluding autos, gas and restaurant sales) to increase a solid 3.7 percent to $630.5 billion — significantly higher than the 10-year average of 2.5 percent. Holiday sales in 2015 are expected to represent approximately 19 percent of the retail industry’s annual sales of $3.2 trillion. Additionally, NRF is forecasting online sales to increase between 6 and 8 percent to as much as $105 billion.
Shop.org today announced from the Shop.org Digital Summit in Philadelphia the group’s Digital Commerce Startup of the Year competition winner. After being named a finalist in September, Reflektion was selected by several esteemed leaders in the retail industry as the winner of the competition.
The National Retail Federation today announced the development of a new Digital Council, powered by NRF’s digital division Shop.org, which was created to enhance the strategic value of NRF and the e-commerce, mobile and innovative initiatives that exist within the retail industry today.
The National Retail Federation and e-commerce consultants FitForCommerce announced today the release of their first Omnichannel Retail Index, a report that examines 120 retailers across multiple categories and their use of omnichannel strategies such as buy online pick up in store, real-time inventory availability and mobile optimized websites.