National Retail Federation

Father’s Day Spending to Top $12.5 Billion

Father’s Day Spending to Top $12.5 Billion

Total spending for Father's Day this holiday season is expected to reach $12.5 billion, according to the National Retail Federation’s 2014 Father’s Day Spending Survey, conducted by Prosper Insights & Analytics. Though slightly down from last year ($119.84), the average person will spend $113.80 on neckties, tools, electronics and other special gifts for dad.

NRF Launches Information-Sharing Platform

National Retail Federation

The National Retail Federation is moving forward with the creation of a program that will provide retailers access to information on cybersecurity threats identified by retailers, government and law enforcement agencies and partners in the financial services sector. The program, developed in consultation with the Financial Services Information Sharing and Analysis Center, will launch with the establishment of an information-sharing platform for retail-industry information security specialists, and plans call for a retail ISAC to be established in June.

Consumers Spend Less This Mother's Day

National Retail Federation

Consumers are expected to splurge slightly less as they spend for Mother's Day this year. According to the National Retail Federation’s 2014 Mother’s Day Spending Survey conducted by Prosper Insights & Analytics, Americans will spend an average of $162.94 on mom this year, down from a survey high of $168.94 last year. Total spending is expected to reach $19.9 billion.

Retailers Organize to Protect Consumer Data

Retailers Organize to Protect Consumer Data

The National Retail Federation has banded together with retailers to urge the implementation of more secure consumer-payment options—particularly, the replacement of current credit and debit cards with cards that would store data in an embedded computer microchip and require the use of a PIN rather than a signature.

Recently, the NRF sent a letter to congressional leaders outlining the retail industry’s commitment to protecting sensitive consumer data in the wake of the recent international cyber attacks and thefts.

Retailers Boost Employment During 2013 Holiday Season

Retailers Boost Employment During 2013 Holiday Season

Retailers helped boost employment gains over the 2013 holiday season. More specifically, retail-industry job gains posted at 49,200 over November and 328,600 year-over-year, according to the National Retail Federation.

“The nation’s retailers continued to add to their payrolls in December even in the midst of the condensed holiday shopping season,” said NRF president and CEO Matthew Shay. “Retailers and merchants—especially those operating clothing and general-merchandise stores—increased hiring, which may indicate a solid holiday sales season.”

Retailers Appeal Credit Card Swipe Fee Settlement

Retailers Appeal Credit Card Swipe Fee Settlement

The National Retail Federation is appealing the approximate $6 billion class-action settlement approved by a U.S. District Court concerning credit card swipe fees.

The lawsuit was initially filed by merchants against Visa and MasterCard nearly a decade ago. The merchants claim that the two major credit card companies charge merchants excessive and exploitative fees for accepting the payment cards from customers.