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Personal Finance

  • NRF: Swipe fees protect consumers

    Retail group argues for  debit card swipe fee regulations.   The National Retail Federation said Congress should reject a proposal from the head of the House Financial Services Committee to repeal a cap on debit card swipe fees. According to the NRF, the fees have saved consumers billions of dollars over the past five years.  

  • Retail Retirement Plans Moving in Positive Direction

    Saving for retirement is like exercising or eating right. We know we’ll feel better when we do it, but many of us fail to make it a priority. It’s all too easy to put off such matters until tomorrow. But after a string of tomorrows, we’ve lost valuable opportunities that would have benefitted us in the long run.

  • Top Best Buy exec cuts stake in company

    Hubert Joly, CEO of Best Buy Inc., is doing a little diversification of his personal stock portfolio.

    Bloomberg reports that as of June 2, Joly has sold 398,000 shares of Best Buy stock, or 44% of his roughly 910,000 company shares, for $12.8 million.

    The retailer said Joly is not exploring other opportunities and has no plans to leave his current position.

  • What keeps small retailers up at night …

  • Why Costco won’t have a problem with California’s $15 minimum wage

    In a history-making move that would have a direct impact on the retail industry and food service sector, the state of California has moved closer to raising the statewide minimum wage to $15 an hour by 2022.

  • Study: Retailers vary and so should retail minimum wages

    Should Walmart and Costco be required to pay employees the same minimum wage?

    The answer is no, at least that’s the conclusion of a new study according to the National Center for Policy Analysis, a conservative think tank based in Dallas.

  • Opinion: A Not So Super Tuesday for Retailers, Operators

    Super Tuesday shed a very strong light on what the general election campaign is going to look like as Hillary Clinton and Donald Trump performed well and solidified their frontrunner status.

    More importantly, it was essentially a validation of Donald Trump's campaign style and strategy so far. Whether you are a fan of The Donald or not, it is clear that part of that strategy has been focusing on social issues like immigration, race and other political hot potatoes and pushing issues important to Main Street merchants to the back burner.

  • Consumer confidence slips in February

    Consumer confidence fell into a slump in February, driven largely by a less optimistic view of business conditions.

    According to the Conference Board, the index currently stands at 92.2, down from 97.8 in January.

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