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retail industry

High court rules on card fees

WASHINGTON — Two recent Supreme Court decisions offered good news to retailers regarding their ongoing fight over the fees they pay on credit and debit card transactions. Late last month the Supreme Court declined to hear an appeal that sought to reinstate a $7.25 billion antitrust settlement of price-fixing charges against MasterCard Inc. and Visa

President Donald Trump meets with retail CEOs

President Donald Trump meets with retail CEOs

WASHINGTON — Promoting his economic platform with business leaders, President Donald Trump today met with top retail executives at the White House. Focusing on Trump’s plank of job creation, simplification of the tax code and reduced regulatory red tape, the Wednesday morning meeting was a scheduled event with the Retail Industry Leaders Association (RILA). The

Retailers to feel impact of minimum wage hikes

Retailers to feel impact of minimum wage hikes

NEW YORK — Within hours of each other, the governors of California and New York recently signed bills that will eventually raise the minimum wage in their states to $15. The moves have intensified debate over the possible implications for the retail industry, which relies heavily on workers with low skills who typically receive comparatively

Walgreens honored by NRF

NEW YORK — Walgreen Co. was among the firms honored by the National Retail Federation at the trade association’s convention here last month. Walgreens was named Retail Innovator of the Year at the NRF’s convention and expo, dubbed Retail’s Big Show. According to NRF, the award is given annually to “a company that is well

Paradigm shift in mass retailing now under way

Paradigm shift in mass retailing now under way

The retailing business in the United States may have reached an inflection point during the period around Black Friday, traditionally seen as the start of the holiday selling season. While reports from different sources about retailers’ performance during the last week of November don’t neatly align, the consensus is that e-commerce continues to gain ground

Modest outlook for 2015 retail sales

Modest outlook for 2015 retail sales

Retailer chief financial officers are modestly optimistic about the retail industry’s sales growth prospects for 2015, according to accounting and professional services firm BDO USA LLP. The BDO Retail Compass Survey of CFOs, which polled 100 CFOs at leading retailers nationwide, forecasts a 3.9% gain in total retail sales and a 3.7%  increase in same-store

Inclusive approach creates competitive edge

Many of the boldface names in the retail and consumer products sectors belong to women. Helena Foulkes is president of CVS/pharmacy, the drug chain where Judy Sansone is chief merchant. Kathee Tesija holds the latter position at Target, and Michelle Gloeckler runs Walmart’s consumables business and heads up the company’s U.S. Manufacturing initiative. Delhaize America

Retailers to ramp up mobile

Retailers to ramp up mobile

Technology headlined a lot of the news coming out of this year’s National Retail Federation Big Show Expo in New York City, and perhaps none more so than mobile and wireless technology and its implications for retailers. A survey by payment technology provider Verifone provided some brow-raising insights about consumers and mobile technology at retail. Of more