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FASB proposes changes to lease accounting, NRF files comments
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...
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Retailers dodge a bullet on CIT bankruptcy
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...
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MasterCard revises assessment requirements for PCI compliance
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....
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What’s hot in retail – Dec. ’09
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...
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New York Times says Visa uses card fees to dominate debit card market
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...
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Introducing Retail Horizons: Benchmarks 2009 – Forecasts 2010
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...
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How Deb Shops improved process efficiency to cut costs
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...
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When the tax man comes knocking – 3 provisions retailers can take to the bank
We likely all agree that less is more when it comes to taxes. But since legislative jargon can be hard to decipher for those outside the Beltway, I tracked down NRF Tax Counsel Rachelle Bernstein to...
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New NRF video explains impact of swipe fees on consumers
With the banking industry trying to kill swipe fee reform scheduled to take effect this summer, NRF has created a new video that explains how the fees drive up prices for consumers and why they need to...
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Is cash still king?
We are fast approaching the holiday season. This reminds me of my baby boomer childhood, when a holiday visit by my grandparents would invariably end with grandma or grandpa pulling some coins out of...
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