Two key retail organizations responded approvingly after a federal judge in Texas permanently struck down a Biden administration rule that would have made millions of salaried workers in the U.S. eligible for overtime pay. The rule, which had been approved in April, would have increased the minimum annual salary threshold that determines overtime pay eligibility … Read more
The National Retail Federation predicts that 2024 holiday spending in the U.S. will grow 2.5 to 3.5 percent over the 2023 season, to between $980 billion and $990 billion. NRF‘s conservative forecast is consistent with the plethora of previous forecasts for the season issued by researchers and experts across the industry, mostly for mid-to-low-single-digit gains. … Read more
Looks like it’s time to make the check-out process frictionless and easier. As retailers such as Wegmans, Walmart and Costco are rethinking self-checkout, new research commissioned by Avery Dennison showed “an inflection point in consumers’ shopping behavior,” with 37 percent of respondents polled in the U.S. and the U.K. saying “they would switch to a … Read more
