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NRF: Retailers Say Port Statistics Bill Would Help Avoid Repeat of West Coast Slowdown

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The National Retail Federation and more than 100 other business groups called for passage of legislation that would require the Transportation Department to track port statistics, saying it could help avoid a repeat of the congestion and slowdowns that occurred along the West Coast during the labor dispute resolved earlier …

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NRF Study: Inventory Shrinkage Last Year Lowest Ever

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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, …

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Retailers & Trade Orgs Welcome Bipartisan TPA Legislation, Urge Approval to Move Trade Agenda Forward

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Retail and trade organizations reacted favorably following yesterday’s announcement that a bipartisan Congressional bill on Trade Promotion Authority (TPA) was introduced. Senate Finance Committee Chairman Orrin Hatch, R-Utah, Ranking Member Ron Wyden, D-Ore. and House Ways and Means Committee Chairman Paul Ryan, R-Wis. introduced legislation that would renew TPA, which …

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NRF Applauds JCPenney’s Congressional Testimony on Patent Trolls

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Washington—The NRF congratulated today JCPenney for its testimony in front of a House Energy and Commerce Subcommittee hearing on patent reform, at which JCPenney Senior Managing Counsel Diane Lettelleir testified. According to NRF Senior Vice President for Government Relations David French, “Patent trolls impact every segment of the United States economy, …