Concerns about channel conflict once kept brands from selling to direct to consumers, but not anymore. Branded suppliers selling direct is one of the biggest trends in retail and the shift is creating new growth opportunities for consumer goods companies.
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NRF tells Fed to lower swipe fees further
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.
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Hip new retail hub to open in unusual — and busy — NYC location
An underground shopping arcade with cool stores and hip eateries is coming to one of the busiest subway stations in New York City.
TurnStyle is set to open in mid-April, on the subway concourse at the 59th Street Columbus Circle subway station in Manhattan. The 30,000-sq.-ft. center, the first major privatization of a New York subway station, is located along both sides of the 325-ft. long passageway from Eighth Avenue and 57th Street to the subway platforms at 59th Street-Columbus Circle. (The passageway is free to pedestrians since it is not in the fare zone.)
