NRF News

Monthly Economic Review: US housing market advances economic growth

NRF Global SmartBrief | May 26, 2017

The housing sector was a bright spot for the US economy in the first quarter of 2017 as residential investment soared 13.7%, marking the strongest quarter in two years. In the latest Monthly Economic Review, NRF Chief Economist Jack Kleinhenz looks at the housing market’s recent traction and its key role in supporting overall growth and related retail spending. Download the report.

American malls see an opportunity to update and refresh

NRF Global SmartBrief | May 25, 2017

The growth of online retail, saturation of mobile devices, faster shipping and more selection is changing the mall environment faster than ever. But the industry shakeup doesn’t mean malls must close their doors. It’s causing them to transform, refresh and take advantage of changing trends instead. Read more from STORES.

What new retail benchmarks say about the way we shop now

NRF Global SmartBrief | May 24, 2017

Consumers have been quick to make new technology a part of their lives and expect retailers to do the same. NRF's Jessica Hibbard looks at the latest NRF-FitForCommerce Omnichannel Retail Index to see how retailers are adding features that make it easier for shoppers to discover products, get what they want and collect rewards for coming back again. Read more on Medium.

Podcast: How Wal-Mart does business in China

NRF Global SmartBrief | May 23, 2017

Expanding internationally is no small feat for any business, even for a large retailer like Wal-Mart. Maggie Sans, former senior vice president and chief corporate affairs officer for Wal-Mart in China, joins NRF’s new podcast Retail Gets Real to share her retail career story and the lessons she learned from working outside the United States. Listen to the episode.

NRF's new podcast launches today

NRF Global SmartBrief | May 22, 2017

Retail Gets Real, NRF’s new podcast, features unfiltered, insightful conversations with the industry’s most interesting people. Hear executives, industry experts, entrepreneurs and influencers discuss trends, their career stories and the future of retail. The first episodes are now available. Listen and subscribe now.

Graduation spending in the US to reach record-high $5.6B

NRF Global SmartBrief | May 19, 2017

US consumers say they will spend more than ever on graduation gifts this year as they fill greeting cards with gift cards and cash, according to NRF’s annual survey. With more consumers buying for graduates this year -- 36% compared with 34% in 2016 -- total spending is expected to reach $5.6 billion. View the survey highlights.

What the next phase of IoT means for retail

NRF Global SmartBrief | May 18, 2017

The Internet of Things is being enthusiastically received in retail, but until recently, there was a question of how it would move forward and translate into practical real-world use. From in-store distribution centres and RFID-enabled inventory to “smart” stores and shopper personalization, IoT technologies are now helping retailers undergo complete digital transformations. Read more from STORES.

Reducing the likelihood of retail cyberattacks

NRF Global SmartBrief | May 17, 2017

Data breaches involving credit and debit card information tend to be the most expensive cybercrime incidents for retailers. STORES Magazine spoke with attorney and information security expert Kimberly Peretti on the prevention of cyberattacks, which includes learning the language of hackers and recognizing vulnerabilities. Read more.

Retail's BIG Show call for speakers now open

NRF Global SmartBrief | May 16, 2017

NRF conferences are a powerful platform for retailers to make announcements, launch new initiatives, share best practices and inspire the industry. Retailers who have a story to share can submit their ideas for the feature stage and breakout sessions at Retail's BIG Show in January 2018. Speakers of all levels -- from rising stars to C-suite executives -- are encouraged to submit proposals by the June 2 deadline. Learn more and submit your idea.

For these young business owners, age is just a number

NRF Global SmartBrief | May 15, 2017

If being an entrepreneur is hard, then being a young entrepreneur is even harder. With less experience and more to prove, they are constantly faced with pressure to overcome the odds. NRF spoke with three entrepreneurs who didn't let youth limit their dreams of opening their own retail businesses. Read more.

Comparison shopping site turns to native advertising to reach digital shoppers

NRF Global SmartBrief | May 12, 2017

US online comparison shopping site NexTag wanted to attract qualified shoppers, with the goal of converting visitors into customers. Working with Yahoo made it possible for NexTag to begin utilising mobile-responsive formatting and native advertising, which resulted in a 450% increase in sales. Read more from STORES.

US retail imports to keep growing through the summer

NRF Global SmartBrief | May 11, 2017

Imports at major US retail container ports should see steady increases through the summer and into the fall, according to the monthly Global Port Tracker report from NRF and Hackett Associates. May cargo volume at the ports is forecast to be up 2.6% from the same month last year. Learn more.

How Rue La La uses analytics to improve personalisation

NRF Global SmartBrief | May 10, 2017

Like most retailers, Rue La La wants to know as much as possible about its customers. By transitioning to a cloud-based data warehouse, the company has been able to see a more accurate picture of customer preferences and add personalisation to millions of daily offer emails, significantly increasing sales. Read more from STORES Magazine.

The rising star behind Wayfair's VR initiatives

NRF Global SmartBrief | May 09, 2017

Mike Festa won an internal hackathon at Wayfair to become the founding leader of its research and development lab, Wayfair Next. He now spends his time directing initiatives that use 3D scanning, augmented reality and virtual reality to create an entirely new way for consumers to visualize home decor before buying. Festa is just one of the digital retail rising stars presenting industry-shaking ideas at in Los Angeles, 25 to 27 Sept. Learn more.

Home decor chain At Home modernizes training methods

NRF Global SmartBrief | May 08, 2017

Employee training initiatives face unique challenges in retailing, given the number of people who work far from a corporate office and aren’t tied to a desk. US home decor superstore At Home uses a platform from Axonify to enable employees companywide to access training videos tailored to their positions and goals and uses game strategy to boost learning and engagement. Read more from STORES.

Dallas-based small business employs over 100 artisan women

NRF Global SmartBrief | May 05, 2017

Wanting to tell the stories of her Mexican heritage, Cristina Lynch created US clothing and home decor brand Mi Golondrina, enlisting over 100 artisan women in small communities to handcraft and sew every item sold. NRF’s This is Retail spoke with Lynch about her brand, clothing and the women who make it happen. Read more.

Sephora, Saks Fifth Avenue and Kate Spade partner with fashion app

NRF Global SmartBrief | May 04, 2017

When a fashion app catches on, a retail integration is probably not far behind. This was the case for Chic Sketch, an app initially intended for users who submitted a photo of themselves and received a custom digital illustration. Now US retailers like Saks Fifth Avenue, Sephora and Kate Spade are using the app to enhance the experience at in-store events and gain exposure on social media. Learn more from STORES.

Chick-fil-A leverages location technology to sustain fast growth

NRF Global SmartBrief | May 03, 2017

Despite just 2,000 restaurants across the United States, Chick-fil-A is a leading player in the world of fast food. The success of the Atlanta-based chain is attributed to its position in the market, which is aided by geographic technology that uses data to allow for a greater focus on location planning and a better understanding of potential customers. Read more from STORES.

Share your story at Retail's BIG Show

NRF Global SmartBrief | May 02, 2017

NRF conferences are a powerful platform for retailers to make announcements, launch new initiatives, share best practices and inspire the industry. Retailers who have a story to share can submit their ideas for the feature stage and breakout sessions at Retail's BIG Show in January 2018. Speakers of all levels -- from rising stars to C-suite executives -- are encouraged to submit proposals by the June 2 deadline. Learn more and submit your idea.

Vespa manufacturer introduces self-rolling robotic shopping cart

NRF Global SmartBrief | May 01, 2017

Shopping could become a bit easier thanks to the latest product from the Italian makers of the Vespa motor scooter. Piaggio Group's Fast Forward arm has introduced Gita, a self-rolling robot designed to carry items such as groceries, and the device tracks and follows behind its owner as they shop. Read more from STORES.

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