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| Loss Prevention, Organized Crime, Fraud
According to the annual National Retail Security Survey released today by the National Retail Federation and the University of Florida, retail theft is up from $45.2 billion, or 1.38 percent of sales, in the previous year.
| Consumer Trends, Holidays & Seasonal, Independence Day
Consumers will spend an average of $73.42 per household on food for barbecues and picnics this Independence Day.
| Careers & Leadership, Leadership
NRF has announced the retirement of Senior Vice President and General Counsel Mallory Duncan, a veteran lawyer and lobbyist who has guided the retail industry through legal, legislative and regulatory battles over credit card fees, bankruptcy law, privacy issues and other topics for more than two decades.
| Economy
National Retail Federation President and CEO Matthew Shay said in an interview today on Fox Business Network’s Varney & Co. that retailers would work “tirelessly” to achieve tax reform that lowers rates without shifting the burden to consumers.
| Economy
The National Retail Federation today welcomed comments from Speaker Paul Ryan regarding the need for permanent comprehensive tax reform that lowers rates without shifting the burden to consumers.
| Workforce
The National Retail Federation today called on the Senate to swiftly confirm President Trump’s nominee for the National Labor Relations Board, Marvin Kaplan.
| Economy, Retail Sales
Retail salesin May were essentially unchanged on a seasonally adjusted basis after an upwardly revised gain of 0.6 percent
| Economy
The National Retail Federation today condemned a proposal by House Ways and Means Chairman Kevin Brady to phase in a Border Adjustment Tax over five years.
| Economy, Small Business
The National Retail Federation today voiced its opposition to legislation introduced by Representative Jim Sensenbrenner, R-Wis., that would codify a 1992 Supreme Court ruling that out-of-state sellers can be required to collect sales tax only if they have a physical presence such as a store, warehouse or office in the buyer’s state.
| Economy, Trade
The National Retail Federation today submitted comments to the United States Trade Representative outlining retail’s priorities for the negotiation of a modernized North American Free Trade Agreement.