STORES Magazine - April 2011 - (Page 63)

CONSIDER THIS / NRF NEWS Tax Returns: Americans Plan to Spend, Save a Little More The data appears to point to a new post-recession consumer mindset: It’s best to be financially prepared for the worst. Still, for 13 percent of Americans it’s time to toss frugality out the window: big-ticket items including televisions, furniture and cars are hot on their lists. “Despite the difficult unemployment situation across the country, Americans receiving a tax refund this year seem eager to plough this money back into the economy,” says NRF president and CEO Matthew R. Shay. “With sales momentum continuing to build, NRF is becoming more bullish about the economic recovery.” Two-thirds of taxpayers are expecting a refund this year, the same as last year but percent of the past few years. Nearly 42 percent of U.S. consumers will be playing it safe this tax season by padding their savings accounts, according to NRF’s 2011 tax returns survey. What consumers who anticipate receiving an income tax refund plan to do with that money. They could choose more than one response. Return Resolutions Add to savings Pay down debt Everyday expenses Major purchase Vacation Other Source: BIGresearch 42.1% 41.9 29.7 13.2 11.9 6.7 down slightly from the 68 to 70 such high-profile guests join our event this year, adding credibility and weight to the problem of organized and other types of retail crime and homeland security risks that exist throughout the country.” Presenters include executives from Sears, PETCO, Starbucks, Donna Karan, Gap, Kroger, Barnes & Noble, Gander Mountain, LifeWay Christian Stores, Winn-Dixie, Helzberg Diamonds and Pacific Sunwear. The conference will take place June 13-15 in Dallas. Learn more at www.nrf.com/lp11. Federal Reserve regulations reducing swipe fees by an estimated 70 percent are scheduled to take effect in July, but banking industry interests claim reform was rushed through Congress and are demanding a delay. In response, House Financial Services Committee member Shelley Moore Capito (R-W.Va.) has introduced a bill that would delay the effective date by a year, and Sen. Jon Tester (D-Mont.) has introduced a bill with a two-year delay. Both measures would require a study of the issue. NRF is fighting efforts to delay the reform, noting that legislation to push back implementation by as much as two years would cost retailers and consumers more than $1 billion a month and give banks a huge windfall. NRF has also countered that Congress held more than half a dozen hearings before passing the legislation. For more updates on swipe fee reform, visit www.nrf.com/swipefees. STORES / APRIL 2011 63 Challenge to Swipe Fee Reform ameStop CEO J. Paul Raines and Albuquerque police chief Ray Shultz will address more than 2,600 retail LP executives during NRF’s 2011 Loss Prevention Conference and EXPO. NRF has also invited Homeland Security Secretary Janet Napolitano to share her insights on the security and protection challenges the nation faces in the decade to come. During the opening keynotes, Raines is expected to discuss the importance of C-level executive involvement in company-wide loss prevention efforts. Shultz will recount his experiences within the Albuquerque community and across the country that have involved retail partnerships. “Retail loss prevention issues spread far beyond the store or the parking lot,” says NRF senior asset protection advisor Joe LaRocca. “We are extremely honored to have WWW.STORES.ORG GameStop CEO, Albuquerque Top Cop Headline LP Conference G http://www.nrf.com/lp11 http://www.nrf.com/swipefees http://WWW.STORES.ORG

Table of Contents for the Digital Edition of STORES Magazine - April 2011

Stores Magazine - April 2011
Contents
Editor’s Page
President’s Page
Trends
Retail People
Analysis
Chain of Uncertainty
Mobility
Sustainability
Visibility
Legislation
Concept2watch
Digital Couponing
Energy Management
Social Media
Cross-Channel Metrics
Broadband Bonding
Workforce Management
Alternative Payments
Recruitment
Research
Online
Divisional Update
NRF News
Point of View
Retail Industry Calendar
End Cap

STORES Magazine - April 2011

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