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NRF forecasts jump in retail sales

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Retailers could experience a reversal of fortune this year as The National Retail Federation expects U.S. retail sales to jump 2.5 percent during 2010. Economic improvement, including an improving housing market and declining unemployment, will bolster consumer confidence throughout the year according to the NRF’s bi-monthly Retail Sales Outlook. The news comes as a welcome… Continue Reading NRF forecasts jump in retail sales

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More than half a million retailers will get an early holiday gift this year. Checks totaling more than $1 billion will be mailed to more than 635,000 retailers as part of a federal judge’s approval of an early payout of money remaining from a 2003 settlement of a class action suit against Visa and MasterCard’s… Continue Reading Retailers receive early holiday gift from Visa, MasterCard

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Congress considers credit card legislation

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Congress is considering legislation that would require the two major credit companies to negotiate hidden credit card processing fees. The fees cost the average household more than $400 annually. “In the middle of one of the worst recessions seen in decades, consumers can’t continue to pay artificially inflated prices just so the credit card industry can… Continue Reading Congress considers credit card legislation

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Retail sales increase slightly

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U.S. retail sales beat analysts expectations for the second straight month, according to the National Retail Federation. The NRF report noted that retail sales rose .6 percent seasonally adjusted from January. Meanwhile, January’s sales figures were revised up from .5 percent growth to 1.4 percent seasonally adjusted month-to-month. Though NRF Chief Economist Rosalind Wells remained… Continue Reading Retail sales increase slightly

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