Consumers Habits Shift as they Maintain a Positive Outlook on Grocery Shopping
FMI’s newest edition of our annual survey, U.S. Grocery Shopper Trends 2024: Finding Value, provides a crucial snapshot of consumer behavior and sentiment amid ongoing concerns about the impact of inflation on the cost of groceries.
SCOTUS Extends Relief to Merchants and Consumers, At Least For Now
On July 1, the United States Supreme Court (SCOTUS) properly ruled against the Federal Reserve Board (Federal Reserve), which was seeking dismissal of a retail merchant lawsuit. The underlying claim is that payment networks have been permitted to charge excessive interchange fees in violation of the Durbin Amendment to the Dodd-Frank Wall Street reform and Consumer Protection Act of 2010.
Regulatory Rundown: August/September 2024
Federal Department of Labor Overtime Rule threshold increased July 1
On July 1, 2024, the salary threshold required to exempt a salaried professional from overtime pay increased from $35,568 to $43,888 ($844/week).
Organized Retail Crime Up Close
I’ve talked a lot about organized retail crime over the years, but a couple of weeks ago it hit close to home. My younger sister, currently 31 weeks pregnant, was finishing up a return at the Eastwood Towne Center Lululemon in Lansing,
Michigan Retailers Association statement on Michigan Supreme Court decision in Mothering Justice v. Attorney General
The opinion issued today is disappointing and will have an immense negative impact on all retailers. Bedrock principles of capitalism and a competitive labor market are thwarted by extending the paid leave law to employers with only one employee,
Economic Study Highlights Impact of Shopping Local
Michiganders’ local purchases make a difference
Imagine boosting Michigan’s economy by $1.5 billion simply by shifting 10% of your spending to local retailers. This is the compelling potential revealed in the annual Buy Nearby economic study,
Michigan Retailers’ June Sales Down from May
Michigan Retailers Association today reports that June 2024 sales dropped from May, landing at 43.3 on the 100-point Retail Index. The May 2024 Retail Index came in at 47.4.
The 100-point Index provides a snapshot of the state’s overall retail industry.
PCI Compliance Migration
It is our priority to ensure that you are kept up to date with changes that might impact your business – including your PCI compliance (Payment Card Industry) within our merchant PCI DSS Program.
Michigan Retailers’ Sales Rise Over April
Index number still below positive threshold
Michigan Retailers Association today reports that May 2024 sales rose over April, landing at 47.4 on the 100-point Retail Index.
