National Retail Federation

NRF Requests Review of Swipe Fee Ruling

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The National Retail Federation has told the U.S. Supreme Court that the debate over debit card swipe fees is “of staggering importance” and has asked the justices to review a ruling that left the Federal Reserve’s cap on the billions of transactions conducted each year at 21 cents rather than reducing it to a lower level.

Father’s Day Spending to Top $12.5 Billion

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Father’s Day Spending to Top $12.5 Billion

Total spending for Father's Day this holiday season is expected to reach $12.5 billion, according to the National Retail Federation’s 2014 Father’s Day Spending Survey, conducted by Prosper Insights & Analytics. Though slightly down from last year ($119.84), the average person will spend $113.80 on neckties, tools, electronics and other special gifts for dad.

NRF Launches Information-Sharing Platform

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National Retail Federation

The National Retail Federation is moving forward with the creation of a program that will provide retailers access to information on cybersecurity threats identified by retailers, government and law enforcement agencies and partners in the financial services sector. The program, developed in consultation with the Financial Services Information Sharing and Analysis Center, will launch with the establishment of an information-sharing platform for retail-industry information security specialists, and plans call for a retail ISAC to be established in June.

Consumers Spend Less This Mother's Day

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National Retail Federation

Consumers are expected to splurge slightly less as they spend for Mother's Day this year. According to the National Retail Federation’s 2014 Mother’s Day Spending Survey conducted by Prosper Insights & Analytics, Americans will spend an average of $162.94 on mom this year, down from a survey high of $168.94 last year. Total spending is expected to reach $19.9 billion.

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.”

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