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Retailers in for a Very Digital Holiday Season, According to NRF Survey

In What's New, Industry News by Accessories Staff

Washington—It’s the most wonderful time of the year for millions of Americans and this year, holiday shoppers have already added their family members to the “nice list.” According to the National Retail Federation’s Holiday Consumer Spending Survey conducted by Prosper Insights and Analytics, consumers celebrating Christmas, Hanukkah and/or Kwanzaa will …

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NRF Holiday Forecast: Sales to Rise 3.7%, Lower Than Last Year

In What's New, Industry News by Accessories Staff

Washington—The National Retail Federation forecast today that it expects that while holiday sales will be greater this year than the 10-year average, the expectation is below 2014’s gain. For sales in November and December (excluding autos, gas and restaurant sales) to increase a solid 3.7% to $630.5 billion — significantly higher than the 10-year average of 2.5%. …

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NRF Study: Inventory Shrinkage Last Year Lowest Ever

In Reports, What's New, Industry News by Accessories Staff

Washington—In 2014, inventory shrink rose to $44 billion in losses for retailers, according to a recent study from the National Retail Federation. “Inventory shrink” includes: Shoplifting (38%) Employee/internal theft (34.5%) Administrative and paperwork errors (16.5%) Vendor fraud or error (6.8%) Unknown loss (6.1%) When it comes to loss prevention budgets, …