National Retail Federation

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The National Retail Federation is the world's largest retail trade association, with membership that comprises all retail formats and channels of distribution including department, specialty, discount, catalog, Internet, independent stores, chain restaurants and grocery stores as well as the industry's key trading partners of retail goods and services. NRF represents an industry with more than 1.4 million U.S. retail establishments, more than 23 million employees — about one in five American workers — and 2004 sales of $4.1 trillion. As the industry umbrella group, NRF also represents more than 100 state, national and international retail associations.

Contents

[edit] Divisions

Major divisions of the NRF include:

  • The Association for Retail Technology Standards (ARTS), an organization with international membership, which works to reduce the costs of technology by helping the implementation of technology standards. ARTS has four standards: The Standard Relational Data Model, UnifiedPOS, IXRetail and the Standard RFPs.
  • The National Council of Chain Restaurants (NCCR), the leading trade association exclusively representing chain restaurant companies, which has existed since the early 1960s.
  • Retail Advertising & Marketing Association (RAMA), a trade association of marketing and advertising professionals working at retail companies, and their counterparts who work at advertising agencies and media and service-providers.
  • Shop.org, an association retailers who sell online
  • International Retail Federation (IRF), which serves the needs of retailers based outside the United States through networking events, education, products, services and other resources.

The NRF also has a research and education arm, The NRF Foundation (NRFF), a non-profit 501(c)3 organization created in 1981. It conducts industry research, develops education and workforce development programs, and promotes retailing as a career.

[edit] Leadership

The president and CEO of the NRF is Tracy Mullin; she joined NRF in 1976 [1] and became president in 1993.[2] As of 2006, the Board of Directors was chaired by M. Farooq Kathwari, the Chairman, President and CEO of Ethan Allen. Members of the board included board chairs, CEOs, and/or presidents from Liz Claiborne Inc., J.C. Penney, Gottschalks, The Body Shop, PETCO, Saks, Crate & Barrel, and numerous other well-known retailers.

[edit] Activities

  • NRF publishes STORES Magazine, monthly, covering the entire range of interests of NRF members, and LPinformation Magazine (formerly LP&Security Trends), bi-monthly, covering loss prevention. STORES also publishes, annually, its Retail Industry Buying Guide and its Software Sourcebook.
  • Each of the divisions of NRF has one or more conferences annually. In addition, NRF has an annual conference/convention. The 96th annual one is scheduled to be held in New York City in mid-January 2007, with more than 15,000 attendees expected. [3]
  • The organization regularly does sales projections. For example, for the Thanksgiving weekend in 2005, the NRF projected that sales would be 22% above the prior year.[4], based on a survey on Friday and Saturday of the weekend. A Wall Street Journal article after the weekend questioned that projection.[5] By comparision, ShopperTrak RCT Corp., a Chicago market-research company with a different methodology, reported a sales decrease of 0.9% on Friday,[6] and an increase for the weekend of just 0.4%.[5]. In July 2006, NRF predicted a substantial increase in back-to-school sales,[7] and in September 2006 it also predicted a large increase in Halloween spending.[8]

[edit] National associations represented by NRF

Among the associations that are members of the NRF in its role as an umbrella organization are:

  • American Booksellers Association
  • American Nursery and Landscape Association
  • Direct Selling Association
  • Food Marketing Institute
  • Footwear Distributors and Retailers of America
  • International Franchise Association
  • Jewelers of America, Inc.
  • National Association of Chain Drug Stores
  • National Association of Convenience Stores
  • National Council of Chain Restaurants, a division of NRF
  • National Home Furnishings Association
  • National Retail Hardware Association
  • National Shoe Retailers Association
  • Retail Industry Leaders Association
  • Society of American Florists

[edit] Notes

  1. ^ "National Perspective: Tracy Mullin", Business Strategies Magazine, November 2005
  2. ^ Greg Jacobson, "Mullin ensures NRF stays nimble", MMR, May 2005
  3. ^ "Setting Retail in Motion", NRF 96th Annual Convention & Expo, New York City, January 14-17, 2007
  4. ^ "Blockbuster Black Friday Weekend Sees Sales Near $28 Billion", National Retail Federation, November 27, 2005
  5. ^ a b Carl Bialik, "Holiday Sales Numbers Don't Add Up", Wall Street Journal Online, November 30, 2005.
  6. ^ "Black Friday Sales Flat as Holiday Shopping Season Begins", ShopperTrak, November 26, 2006
  7. ^ "Electronics and Apparel to Fuel Back-to-School Spending, According to Latest NRF Survey", press release, National Retail Federation, July 18, 2006
  8. ^ "As Halloween Shifts to Seasonal Celebration, Retailers Not Spooked by Surge in Spending", press release, National Retail Federation, Septem ber 20, 2006

[edit] External links

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