Articles by tag: nrf
In recent years, the narrative surrounding retail shrink—a significant issue for brick-and-mortar stores—has taken a dramatic turn. Fueling headlines are reports of escalating organized retail crime (ORC), with stores like Walmart shuttering locations in Portland, Oregon, and Target predicting a $500 million impact on profitability due to inventory shrink. Contrarily, some recent surveys show…
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2023
Sustainability in Retail is More Than a Checkmark, it Must be a Core Tenant
As the conversation on climate moves from change to crisis, sustainability in retail is no longer a dream to obtain; it’s a necessity that industry leaders take meaningful action. The retail industry, a notorious contributor to global waste and pollution, is a primary player in these dialogues. Recent studies suggest that around 85% of…
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NRF 2023: The Top Trends & Technologies Shaping the Future Customer Experience
Retail was the main attraction at the Jacob K. Javits Convention Center in New York City on January 14-17, 2023. NRF 2023 was back in the Big Apple with a full slate of speakers, 100 sessions, and exhibitions from more than 950 major players in all facets of the retail space. What were some…
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Black Friday 2022 In-Review: How Did Supply Chain Challenges and Consumer Pessimism Turn into Record Sales?
Black Friday 2022 and its cousin Cyber Monday are now behind us, and boy did they both make waves across retail. Not only did Black Friday’s in-store foot traffic break records according to NRF, but sales numbers seem to show that Black Friday 2022 and Cyber Monday 2022 sales are setting records, with Cyber Monday…
NRF 2022
Why Virtual Dressing Rooms Will Be Key for Differentiating in Retail
The days of retail clothiers needing to stock multiple garment sizes could be drawing to a close. NOBAL Technologies developed a product poised to revolutionize the customer retail experience with its interactive iMirror solution. Daniel Maher, VP of Technology at NOBAL, joined Retail Refined’s Melissa Gonzalez at NRF to talk about the positive impact iMirror…
NRF 2022
How Fast Fashion Can Fix Its Sustainability Reputation Through the Supply Chain
While at the world’s largest retail conference and expo, Retail Refined Host Melissa Gonzalez spoke with Chris Georgen, Founder and Chief Architect of Topl, a company that sits at the intersection of sustainability, deep-technology, and innovation. Topl, whose mission is to build trust between consumers and products, is set largely within an industry which…
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Bringing the Edge to Retail: How AI-Powered Computing Redefines Brick & Mortar
The retail industry’s technology adoption has been slow but steady. As data becomes more critical to the customer journey, the sector needs new ways to process and manage the data where it is, which could be hundreds or thousands of locations. Realizing this goal will depend upon edge computing, a powerful computational weight that…