Political and Regulatory Influences
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What kind of political and regulatory forces is the retail industry facing and why?
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1. What kind of political and regulatory forces is the retail industry facing and why?
The National Retail Federation is the world's largest retail trade association, with membership that comprises all retail formats and channels of distribution including department, specialty, discount, catalog, Internet, independent stores, chain restaurants, drug stores and grocery stores as well as the industry's key trading partners of retail goods and services. NRF represents an industry with more than 1.6 million U.S. retail establishments, more than 24 million employees - about one in five American workers - and 2005 sales of $4.4 trillion. As the industry umbrella group, NRF also represents more than 100 states, national and international retail associations. http://retailindustry.about.com/gi/dynamic/offsite.htm?site=http://www.nrf.com/
In an article, Lobbyists seek to eradicate govt. regulation - retail industry regulation, Troy (2002) suggests several political and regulatory forces that the retail industry will be facing in the upcoming years. Troy argues that dozens of legislative issues stand to influence everything from merchandising and operations to finance and human resources. To brace for the political battles sure to take place in the year ahead, members of the International Mass Retail Association (IMRA) gathered outside Phoenix in early December to formulate legislative priorities. While these priorities range across a variety of issues, one consistent theme continues to underscore all of them. "We want no government regulation of our businesses," said Kathryn Lavriha, IMRA's ...
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