Father’s Day survey offers encouragement
The National Retail Federation describes a kind of pent-up demand for Father’s Day spending as one reason for positive signals from its Consumer Intentions and Actions Father’s Day survey.
As June 19 approaches, research suggests Americans will spend an average of $106.49 on fathers across the country — the highest figure in the survey’s eight-year history, and up significantly from $94.32 last year.
“Spending on Dad has taken a backseat for the past few years, but some kids and wives are planning to make up for lost time this Father’s Day,” said NRF president and CEO Matthew Shay. “Shoppers seem to be more excited when it comes to gift-giving, an encouraging sign for retailers — and dads –everywhere.”
Total Father’s Day spending is expected to reach about $11.1 billion. Home improvement tools and appliances are expected to account for about $1.4 billion of the total.
The NRF 2011 Father’s Day Consumer Intentions and Actions Survey was designed to gauge consumer behavior and shopping trends related to the Father’s Day holiday. The survey was conducted for NRF by BIGresearch. The poll of 8,344 consumers was conducted from May 3 to 10, 2011. The consumer poll has a margin of error of plus or minus 1.0%.
Golden Hammer Vendor winners: Home decor
From ballots sent out electronically earlier this year, Home Channel News received a record number of votes for Golden Hammer Winners, producing 32 winners in four categories. The Home Decor category — subdivided into seven sub-categories, produced the following winners:
• Decorative Hardware & Locksets – Kwikset
• Decorative Lighting & Fixtures – Cooper Lighting (regent)
• Fashion Fixtures – Kohler
• Home Organization – Newell Rubbermaid
• Major Appliances – Whirlpool
• Paint Wall Treatments & Stains – Valspar
• Small Appliances – KitchenAid
The Golden Hammer Awards ceremony took place at the National Hardware Show in Las Vegas May 11.
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“Swipe-fee” relief avoids delay in Senate
Retail associations are celebrating the defeat of a measure that would have delayed new rules governing "swipe fees" for certain card transactions at the retail point of sale.
The National Lumber and Building Material Dealers Association was among those applauding the defeat of a proposal by Sen. Jon Tester (D-Mont.) and Sen. Bob Corker (R.-Tenn.).
"Out-of-control swipe fees on transactions have been yet another cost burden on building material dealers who are struggling to remain afloat in this housing recession," said Scott Lynch, NLBMDA executive VP. "We are pleased that the Senate wisely chose not to further delay this much-needed relief."
The Food Marketing Institute’s senior VP government relations, Jennifer Hatcher, called the delay proposal a move that would have been bad for business. "The Tester-Corker language [would have removed] any guarantee that Main Street America will ever see relief from rising debit card swipe fees, and we hope our U.S. senators will recognize this when the Tester-Corker amendment vote is called," Hatcher said. The amendment, which would have delayed new swipe-fee rules by 12 months, was defeated by a vote of 54-45, with a 60-vote super majority needed for passage
As it stands, more retailer-friendly swipe-fee rules will go into effect July 21. The Federal Reserve Board plans to limit fees to 2% of the transaction for small banks and financial institutions, and a flat 12-cent cap for the largest banks. The NLBMDA said it supports the new rules, describing them "as an important move to reign in costs for building material dealers and other retailers."
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