Category Archives: Finance

Jan13

How Deb Shops improved process efficiency to cut costs

By Rachel Ryan, Director, Finance | Published: January 13, 2010
Also posted in Education, Events, Retail Companies |

Facing difficult economic times and a cautious consumer in 2009, many retailers focused their efforts on cutting costs in order to survive. Most are now in a significantly more stable position than a year ago and working to sustain their efforts to maintain a competitive edge.
In one of the final sessions of Retail’s BIG Show, [...]

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Jan13

Introducing Retail Horizons: Benchmarks 2009 – Forecasts 2010

By Megan Conniff | Published: January 13, 2010
Also posted in @NRF, Education, Events, Marketing, NRF Foundation, Research, Technology |

This week the “Retail Horizons: Benchmarks and Forecasts” survey was released by the NRF Foundation and new partner KPMG. On Tuesday afternoon, executives from Saks Fifth Avenue, Charming Shoppes and L.L.Bean met on a panel to discuss the survey’s findings and how their companies are managing on some of the survey’s key issues.  The report [...]

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Jan05

New York Times says Visa uses card fees to dominate debit card market

By Craig Shearman, VP, Government Affairs PR | Published: January 5, 2010
Also posted in Public Policy, Video |

The New York Times today did an excellent job of explaining the complicated issue of credit and debit card interchange fees. The Times focused on debit cards in a Page One story titled How Visa, Using Card Fees, Dominates a Market, then addressed interchange more broadly in a video on its web site titled Visa [...]

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Jan04

What’s hot in retail – Dec. ‘09

By Ellen Davis, VP and NRF spokesperson | Published: January 4, 2010
Also posted in @NRF, Events, Holiday, Marketing, Research, Retail Companies, eCommerce |

As was the case in November, many of December’s most popular pages on NRF’s website were holiday-related, but a big wave of people also headed to NRF’s Annual Convention website, whose pages garnered thousands of hits from people planning their trip to the BIG show in the Big Apple.
In the event that you managed to [...]

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Dec21

MasterCard revises assessment requirements for PCI compliance

By Dave Hogan, CIO | Published: December 21, 2009
Also posted in Public Policy, Technology |

In the last six months, retail executives (particularly those in audit and IT) have been closely following the debate over changes made to MasterCard’s Site Data Protection (SDP) Program in June 2009. The changes focused on a key area of achieving PCI compliance: the option to have the PCI DSS Attestation of Compliance for Onsite [...]

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Nov02

Retailers dodge a bullet on CIT bankruptcy

By Mallory Duncan, SVP, General Counsel | Published: November 2, 2009
Also posted in Public Policy |

You’ve probably heard by now that CIT Group filed for bankruptcy protection over the weekend. But despite all the hype about this being one of the biggest corporate bankruptcies in U.S. history it looks like most retailers may have dodged a bullet.
CIT is important to the retail industry because it provides specialized “factor” financing to [...]

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Jul20

FASB proposes changes to lease accounting, NRF files comments

By Rachel Ryan, Director, Finance | Published: July 20, 2009
Posted in Finance

Leases are one of the most complex areas in accounting. There are renewal options, rent holidays, sale-leaseback transactions, executory charges, short-term leases, long-term leases, contingent rentals, and on and on.  Imagine trying to figure out how to account for all of these in your financials…
Those in the finance and accounting world have known for years [...]

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