Legislative, Regulatory & Legal

Tom Petty fans can commiserate with retailers who report having difficulty implementing EMV due to slow movement from the payment card industry.   According to a new survey of retailers conducted by the National Retail Federation (NRF) in May and June, 48% of respondents had already implemented the new EMV chip card system or expected to have done so by the end of June. A total of 86% expect to have EMV up and running by the end of the year.  

Walgreens Boots Alliance may not have to shutter as many stores in the wake of its planned merger with Rite Aid as it once thought.   

Retailers should do their homework now and make a plan for the future

Today, retailers and end-users face many changes in regard to refrigerants, including technology options and efficiency regulations. In the past, choices were made and remained applicable for a year or more.

There is substantial funding available to reduce the cost of upgrading existing lighting systems, but it takes some preparation. Here are some tips:

The people have spoken – and they like limits on debit card swipe fees the way they are.  

How businesses should respond to the new rule

In May, the Department of Labor unveiled new overtime regulations. The biggest change — and the one that will impact retailers the most — is the nearly doubling of the salary threshold that entitles most salaried workers to overtime pay from $23,660 to $47,476, which is based upon the 40th percentile of the lowest-wage region, the South. The previous cutoff was set back in 2004.

Wal-Mart Stores, which filed suit against Visa in May over debit card authorization, is getting taste of its own medicine.  

The National Retail Federation (NRF) is publicly welcoming a ruling striking down the 2012 settlement of a class action lawsuit over Visa and MasterCard’s credit card swipe fees.   The ruling by the U.S. Court of Appeals for the Second Circuit in New York overturns a December 2013 approval of the settlement by U.S. District Court Judge John Gleeson.