What: The National Retail Foundation buys the Reverse Logistics Association.

Why it is important: NRF's acquisition of RLA demonstrates their dedication to sustainability and their desire to help its members achieve a holistic circular economy.

This acquisition is aligned with NRF's commitment to sustainable practices and aims to strengthen its position in the industry. Reverse logistics involves managing the supply chain to handle the return of goods from customers to retailers, distributors, or manufacturers. The need for reverse logistics has been on the rise due to the increasing popularity of online shopping and product recalls. RLA recognizes the significance of reverse logistics in the circular economy and its crucial role in sustainability initiatives.

The two organizations offer valuable information, conferences, educational forums, and networking opportunities to their members. Member companies of RLA include Target, Amazon, Best Buy, Walgreens, JKA Logistics, Kroger, ThredUp, Radius, HP, and more. Both RLA and NRF have a significant overlap in membership, including companies like Costco, Target, CVS, Home Depot, Kroger, Burlington, and Macy's.

NRF acquires the Reverse Logistics Association