NRF

The National Retail Federation is pressing for a further reduction in per transaction fee banks charge retailers when customers use debit cards five years after the Federal Reserve cut the fee in half.

In a letter the National Retail Federation sent to the Federal Reserve the trade group said the cap on debit card swipe fees enacted by the Federal Reserve five years ago has helped reduce costs for retailers and consumers but is still higher than intended by Congress and should be lowered.

Businesses throughout North America can expect above normal temperatures in most markets over the Easter weekend (March 25-27), according to Planalytics.

The strongest warmth compared to normal will be along the West Coast and from the Plains to the East Coast. The Ohio Valley, Mid-Atlantic, and Northeast regions can expect intermittent showers leading up to the Easter holiday.

January is a tech bonanza for retail, with interesting, innovative and sometimes downright out-there new technologies and brands on display at the Consumer Electronics Show in Las Vegas and the National Retail Federation’s Big Show in New York City. It’s nearly impossible to keep track of every startup out there, but here’s a selection of the most promising ventures that should be on your radar.

Reemo

Retail industry sales will grow an estimated 3.1% in 2016, outpacing the 10 year industry average, as economic headwinds diminish, according to a forecast released by the National Retail Federation.

The NRF sales forecast of 3.1% excludes automobiles, gas stations and restaurants and exceeds the 10 year growth rate of 2.7%. Non-store retail sales are forecast to growth between 6% and 9%.

Retail industry sales will grow an estimated 3.1% in 2016, outpacing the 10 year industry average, as economic headwinds diminish, according to a forecast released by the National Retail Federation.

The NRF sales forecast of 3.1% excludes automobiles, gas stations and restaurants and exceeds the 10 year growth rate of 2.7%. Non-store retail sales are forecast to growth between 6% and 9%.

The National Retail Federation (NRF) is publicly supporting what it calls “e-fairness” legislation that would extend the reach of state sales taxes to online transactions.

Under present regulations, a state can only charge a sales tax on an Internet sale conducted by an entity that has some type of physical presence in that state.

The intense focus directed on EMV compliance in fall 2015 has faded, but it is still a critical issue for the retail industry.

Away from the spotlight, progress in EMV compliance since the Oct. 1, 2015 mandate passed has moved more slowly than many in the industry may realize. According to a survey of 200 retail professionals conducted during the January 2016 NRF Convention by ACI Worldwide, the majority of respondents are not compliant.

A specialty retailer whose tagline is “Where America is made,” is betting on brick and mortar to tell its brand story and provide more jobs.

Shinola, the Detroit-based retailer and manufacturer of pricey watches, leather goods and bicycles plans to open 10 stores this year, and 12 to 15 stores annually over the next coming years.