The National Retail Federation has acquired the Reverse Logistics Association, a trade group focused on product returns, refurbishment, resale and recycling for electronics and other products.
The Washington, D.C.-based National Retail Federation (NRF) sent a press release on Sept. 7 stating that NRF is acquiring the Reverse Logistics Association (RLA). The release coincided with an announcement at the RLA Leadership Summit in Atlanta.
“As consumer demand for sustainable offerings continues to increase, RLA’s reverse logistics expertise will help our members to ‘close the loop’ and accelerate the emergence of the circular economy,” Matthew Shay, NRF’s president and CEO, stated in the release.
The NRF is a gigantic organization, with total revenue over $61 million, according to the organization’s latest 990 form filed with the IRS.
RLA is a member-driven global trade association that shares information, including best practices, facilitates networking among stakeholders and serves as a voice for the reverse logistics industry.
“NRF recognizes reverse logistics as the backbone of the circular economy and understands how it plays a vital role in broader sustainability initiatives for the retail industry,” Tony Sciarrotta, RLA’s executive director, stated in a release. “Through this partnership, RLA will continue to reach industries investing in the circular economy and enhance NRF’s long-term commitment to retail’s supply chain and sustainability efforts.”