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NRF Holiday Forecast: Sales to Rise 3.7%, Lower Than Last Year

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Washington—The National Retail Federation forecast today that it expects that while holiday sales will be greater this year than the 10-year average, the expectation is below 2014’s gain. For sales in November and December (excluding autos, gas and restaurant sales) to increase a solid 3.7% to $630.5 billion — significantly higher than the 10-year average of 2.5%. …

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Retailers Tell Congress: EMV Cards Without PIN Provide “No Significant Benefits”

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Washington– The National Retail Federation and other trade organizations today told Congress that new chip-and-signature credit cards without a PIN will not stop data breaches, and that small businesses should not be pressured to install the equipment to accept them at the expense of more effective technology. “The new EMV …

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Witch Tops NRF’s Halloween Costume List for 11th Year in a Row

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Washington—While the scariest thing on this year’s Halloween may be a proliferation of Black Friday (or Black November) promotions abounding, that won’t stop Americans from dressing up as their favorite characters on Oct. 31. Little yellow Minions, pint-size Yodas and pretty pink princesses are planning a takeover this Halloween as …

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NRF: Retailers Say Port Statistics Bill Would Help Avoid Repeat of West Coast Slowdown

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The National Retail Federation and more than 100 other business groups called for passage of legislation that would require the Transportation Department to track port statistics, saying it could help avoid a repeat of the congestion and slowdowns that occurred along the West Coast during the labor dispute resolved earlier …

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NRF Study: Inventory Shrinkage Last Year Lowest Ever

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Washington—In 2014, inventory shrink rose to $44 billion in losses for retailers, according to a recent study from the National Retail Federation. “Inventory shrink” includes: Shoplifting (38%) Employee/internal theft (34.5%) Administrative and paperwork errors (16.5%) Vendor fraud or error (6.8%) Unknown loss (6.1%) When it comes to loss prevention budgets, …