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Retailers Urge Expedited Contract Negotiations at West Coast Ports

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Washington—In an effort to stave off any work stoppage as shipments arrive to West Coast ports for the crucial holiday selling period, the National Retail Federation urged Tuesday that maritime management and the union representing dockworkers should expedite pending contract negotiations before current contracts expire this summer. “We urge you …

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Retail Employment Edges Up in March

In Industry News, What's New by Jeff PrineLeave a Comment

Washington—Although the U.S. Department of Labor reported today that March “nonfarm payroll employment” rose by 192,000 missing analysts’ expectations, jobs in retail picked up perhaps signaling a similar pickup in sales. The unemployment rate remains flat at about 6.7%. According to the NRF, month-to-month retail employment increased 18,200 in March …

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Retail, Financial Trade Groups to Partner on Cyber Security

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Washington—Following recent calls that retailers, banks and security institutions partner in effort to avoid another cyberfraud debacle like Target, Neiman Marcus and other retailers recently reported, a group of leading trade associations representing the retail and financial services industries announced a new cybersecurity partnership. The partnership will focus on exploring …

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Report: Fewer Americans Plan to Celebrate Valentine’s Day

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Industry Experts

Washington—Probably due to the status of the bank accounts rather than their romances, fewer U.S. shoppers say they will celebrate—and spend—for Valentine’s Day this year. The findings are part of the National Retail Federation’s 2014 Valentine’s Day spending study conducted by Prosper Insights and Analytics. About 20% to Buy Jewelry …

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Commerce Dept: October Retail Sales Make Solid Gain

In Industry News, What's New by Jeff PrineLeave a Comment

Washington—While the 16-day government shutdown and Congressional budget battle may have dampened consumer confidence last month, retail sales for the month proved resilient, rising above estimates. According to the U.S. Commerce Department’s monthly report today, October sales were up 3.9% to $429.1 billion. Core retail sales (excluding autos and building …