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The Latest Breaking News from NRF

US Holiday Sales Growth Estimated At 3.1%: Mastercard

The growth in this year's holiday sales is below 2022 holiday season sales increase of 5.3 percent and much below the 2021 figure of 14.1 percent, according to NRF data.

Latin Times

Retail group pulls back on claim organized retail crime accounts for nearly half of inventory loss

The National Retail Federation has revised a report released in April that pulls back the claim that organized retail crime accounts for nearly half of overall industry shrink, which measures overall loss in inventory, including theft

The Independent UK

US retail group retracts claim that half of $94.5bn inventory loss was from theft

National Retail Federation says data was flawed and based on congressional testimony from president of an advocacy group

The Guardian - US

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The NRF backs off claims that 'organized retail crime' accounted for half of inventory losses in 2021

Potentially incorrect data was used for analysis.

Fortune

The Taliban’s Enemies Can’t Agree on Anything

A summit of opposition leaders was meant to produce a plan to fix Afghanistan’s trajectory. It generated more infighting and factionalism.

Foreign Policy

Thanksgiving Weekend Shopping Rises To Record And Beats Expectations

Online shopping attracted more consumers than physical stores, the National Retail Federation said.

International Business Times

Black Friday Weekend Shopping Starts With Huge Numbers

Black Friday sales will be a key driver of record holiday spending this year, according to forecasts.

Kiplinger

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UGC chairman wants Karnataka govt. not to scrap NEP

UGC Chairman urges Karnataka to reconsider decision to scrap NEP-2020, citing interests of students. Policy aims to improve GER to 50% by 2035, with focus on rural students. UGC interacting with States, VCs to implement NEP-2020. Karnataka must consider students' interests while framing SEP. UGC proposes scrapping grading system for…

The Hindu

Small biz owners are both hopeful and anxious about the holidays, taking a cue from their customers

All signs point to a relatively solid holiday season for America’s small businesses

The Independent UK

It's a pink Halloween. Here are some of the most popular costumes of 2023

People are spending more money than ever on Halloween costumes. Here are the ones people are buying the most in 2023.

WEKU

South Africa has one of the strongest navies in Africa: its strengths and weaknesses

The deaths of three members of the South African Navy (SA Navy) on 20 September 2023, when a freak wave swept them off the deck of the submarine SAS Manthatisi, has put the spotlight on the organisation and its work. André Wessels is a military historian; his latest book is…

The Conversation

National Research Foundation’s chance to bridge India’s science-society gap

The National Research Foundation, India’s new research funding agency with a Rs 50,000 crore budget, aims to boost research and innovation.

The Hindu

Equity fund on stand-by to put federal billions to work

The promised $15 billion National Reconstruction Fund has had its first board meeting but could be years away from writing its first cheque without expert help.

AAP

Johannesburg fire: there was a plan to fix derelict buildings and provide good accommodation - how to move forward

Thousands of Johannesburg inner-city residents occupy buildings in conditions like those that led to the fire at 80 Albert Street that killed at least 77 people. They are living in derelict multi-storey buildings, former office blocks, sectional title buildings, tenements, warehouses and factories.

The Conversation

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Investors Business Daily

Abercrombie Rallies; Kohl's Surges; Dick's Sporting Goods Dives On Shoplifting Woes; Macy's Cautious

Retail earnings: Abercrombie rallies on bit beat. Dick's Sporting Goods reported miss, weak guidance on shoplifting. Macy's remains cautious.

The Guardian - AU

Electrical union wants Australia’s net zero targets boosted by ‘substantial’ investment and state ownership

Exclusive: Influential leftwing unions to tell Labor’s national conference party it must seize ‘most significant economic opportunity since the Industrial Revolution’

The Independent UK

6 tips for cutting costs on back-to-school shopping

An estimated $135 billion will be spent on back-to-school and back-to-college shopping in 2023, according to the National Retail Federation, representing the second-largest spending period of the year, behind only the holidays

Fortune

Your family will probably spend $890 on back-to-school shopping this year, retail trade group says

The demand for electronics in the classroom is driving parents to spend more, a National Retail Federation survey found.

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The Hindu

Parliament proceedings | Lok Sabha passes National Research Foundation Bill

The Lok Sabha passed the Anusandhan National Research Foundation Bill, that proposes to establish the National Research Foundation

The Hindu

Proposed National Research Foundation to provide ‘strategic’ direction, generate private funding

The Anusandhan National Research Foundation Bill, which proposes to establish the National Research Foundation, a new body that will provide “high level strategic direction for research, innovation and entrepreneurship”, was tabled in the Lok Sabha. The National Research Foundation proposes a more expansive definition of research which includes science, engineering,…

The Hindu

Weighing in on the National Research Foundation Bill

The budgetary allocation for the National Research Foundation should not be reduced

The Hindu

Re-examine proposal to draw funding from private sector for National Research Foundation, say scientists

AIPSN demands Central govt re-examine proposal to privatise research funding. It calls for open scrutiny by scientific community, citing concerns of centralisation, lack of oversight and not addressing existing structural problems. It has launched signature campaign to remit NRF Bill to Parliamentary standing committee for assessment. AIPSN says Bill seeks…

The Hindu

No quick fix: On National Research Foundation Bill

The challenge in India is that there are too few institutions that see the value in investing in research and development

The Hindu

Explained | What to expect from the Monsoon Session of Parliament?

The Narendra Modi-led government is set to introduce 21 new Bills in the Monsoon Session which begins on July 5. Read The Hindu explainer on the old and new Bills that are likely to be taken up and the issues which are set to rock Parliament yet again.

The Hindu

Explained | What is the National Research Foundation?

How will India’s National Research Foundation facilitate “ease of doing science”, particularly at a time when the nation’s gross domestic expenditure on research and development is too low compared to the U.S. & China? Binay Panda, a JNU professor in New Delhi, explains.

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