National Retail Federation

Retailers Organize to Protect Consumer Data

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Retailers Organize to Protect Consumer Data

The National Retail Federation has banded together with retailers to urge the implementation of more secure consumer-payment options—particularly, the replacement of current credit and debit cards with cards that would store data in an embedded computer microchip and require the use of a PIN rather than a signature.

Recently, the NRF sent a letter to congressional leaders outlining the retail industry’s commitment to protecting sensitive consumer data in the wake of the recent international cyber attacks and thefts.

Retailers Boost Employment During 2013 Holiday Season

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Retailers Boost Employment During 2013 Holiday Season

Retailers helped boost employment gains over the 2013 holiday season. More specifically, retail-industry job gains posted at 49,200 over November and 328,600 year-over-year, according to the National Retail Federation.

“The nation’s retailers continued to add to their payrolls in December even in the midst of the condensed holiday shopping season,” said NRF president and CEO Matthew Shay. “Retailers and merchants—especially those operating clothing and general-merchandise stores—increased hiring, which may indicate a solid holiday sales season.”

Retailers Appeal Credit Card Swipe Fee Settlement

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Retailers Appeal Credit Card Swipe Fee Settlement

The National Retail Federation is appealing the approximate $6 billion class-action settlement approved by a U.S. District Court concerning credit card swipe fees.

The lawsuit was initially filed by merchants against Visa and MasterCard nearly a decade ago. The merchants claim that the two major credit card companies charge merchants excessive and exploitative fees for accepting the payment cards from customers.

Retailers Lose Billions in Holiday Return Fraud

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Retailers Lose Billions in Holiday Return Fraud

Retailers will lose about $3.39 billion to return fraud this holiday season, as part of a total $8.76 billion expected overall in return fraud for 2013, according to the National Retail Federation’s 2013 Return Fraud Survey.

The survey, which was completed by loss-prevention executives at 62 retail companies, notes that 5.8% of holiday returns are fraudulent, up from 4.6% last year.

NRF Forecasts Modest Sales Gains This Holiday Season

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NRF Forecasts Modest Sales Gains This Holiday Season

Sales in November and December are expected to increase 3.9% to $602.1 billion, according to the National Retail Federation. The forecast is over 2012’s actual 3.5% holiday season sales growth and higher than the 10-year average holiday-sales growth of 3.3%.

“Our forecast is a realistic look at where we are right now in this economy—balancing continued uncertainty in Washington and an economy that has been teetering on incremental growth for years,” says NRF president and CEO Matthew Shay.

How Consumers Plan to Pamper Mom This Mother’s Day

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How Consumers Plan to Pamper Mom This Mother’s Day

May 12, Mother's Day, is almost here! Consumers will spend an average of $168.94 on mom this year, up 11% from last year’s $152.52, and total holiday spending is expected to reach $20.7 billion. That's according to the National Retail Federation's Mother’s Day spending survey conducted by BIGinsight.

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