Wendy future of retail top

National Retail Federation

Supreme Court lets swipe fee ruling stand

WASHINGTON — Trade groups representing many of the nation’s largest retailers expressed frustration after the Supreme Court on January 20 declined to take up their challenge to the Federal Reserve’s hotly debated rules for “swipe fees” assessed on credit card and debit card transactions. Retailers and other businesses pay the fees to banks and other financial

Holiday sales get lift from late season shopping

NEW YORK — A late shopping rush on the weekend before Christmas helped put some twinkle in holiday retail sales, but the final results for the season seemed to fall short of the optimistic projections retailers had set back in early November. Drug chains, however, may have fared slightly better during the holidays than the

Some retailers line up against credit card settlement

NEW YORK — After credit card companies and some of the nation’s largest banks agreed to pay more than $7 billion to settle a price-fixing case dealing with swipe fees, the future of the deal was put in jeopardy when several retailers objected to the terms of the pact. The settlement must still be approved

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