Retailers, consumers and prices
The competing trade groups say they will merge to create a single association to represent retail interests in Washington DC.
“The challenges and opportunities before our members are unprecedented. Now is the right time to bring these associations together,” said RILA Chairman, Robert Niblock, CEO of Lowe’s Cos, and NRF Chairman Mike Ullman, CEO of J.C. Penney, in a joint statement.
Currently, retailers are lobbying lawmakers against passage of the Employee Free Choice Act. The pending bill would let workers decide whether to unionize by signing a petition or by holding a secret-ballot election. Employers can now require a secret ballot.
JC Penney held its two-day analyst meeting in New York City this year, kicking off with a dinner and presentation by Chief Executive Myron “Mike” Ullman on Tuesday night.
The big news out of the meeting was that Penney’s time frame for its long-range growth plan has been stretched out due to the rough retail environment, and the retailer may further cut back on new store openings.