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Retail Trade Groups Test Post-Pandemic Strategies

PYMNTS

As retailers reopen and take stock of new post-pandemic consumer dynamics, the role of industry trade groups is changing. Groups like the National Retail Federation (NRF) focused more on economic forecasts and supply chain issues as other advocacy groups that have taken the fight for more stimulus dollars to Washington, D.C.

Groups 141
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Auto dealer trade groups challenge FTC CARS Rule in Fifth Circuit

CFPB Monitor

On January 5, 2024, two trade groups representing auto dealers filed a petition for review challenging the Federal Trade Commission’s (“FTC”) new Combating Auto Retail Scams Rule (“CARS Rule”).

Groups 146
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Retail Group Fights Back Against Anti-Maskers

PYMNTS

Now there’s the Retail Industry Leaders Association (RILA) asking for help with mandating mask guidance regulations to protect store personnel. Leading retailers are requiring employees to wear masks or face coverings during their shift, and we are encouraging customers to do the same,” stated the letter.

Retail 151
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How To Do Better Against National Bank Lending Competition

South State Correspondent

Many existing community bank customers and prospects are also national bank customers. There are now many online, nationally-focused lenders that are capable of an entire virtual relationship. The peer group is 257 banks between $500mm and $1B in assets in the mid-west.

National 195
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Retailers Expect 26 Pct. Spike On National Returns Day

PYMNTS

As online shopping powers a forecasted 26 percent year-over-year volume surge on National Returns Day, the United Parcel Service (UPS) foresees shipping 1.9 In some categories, the return rate is near 50 percent due to inconsistent sizing across brands, per IHL Group Founder and President Greg Buzek.

National 131
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NRF Lists Hot 100 Retailers

PYMNTS

For retailers, it’s better to be hot in 2020 than top. The National Retail Federation (NRF) said on its blog this week that the Hot 100 Retailers, while vulnerable to mergers and acquisitions, as a group is more stable than the Top 100 Retailers ranking, as stores are impacted by the unpredictability of COVID-19.

Retail 144
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TCC Group Bids For Tesco’s Asia Stores

PYMNTS

His TCC Group has put in a bid for the Tesco’s assets, with funding already in place in the event that the bid is successful, The Wall Street Journal reported, citing unnamed sources. Central Group and CP All PCL, the other two conglomerates in Thailand, have also reportedly put forward bids. To purchase the Asian assets of U.K.

Groups 188