The National Retail Federation has announced the formation of the Small Business Retail Council to organize, recruit and engage main street merchants and independent community retailers in grassroots advocacy activities. The council will represent and be responsive to the needs, concerns and interests of local shops, and provide the association’s small business members a forum to discuss the most pressing public policy issues and priorities.
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.
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.
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 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.
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.
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