Shake-up in the retail world
The nation's two big industry associations serving the retail community have decided to merge. It's kind of a big deal since both run loss-prevention conferences and put out data that influence how the security industry interacts with what is a large (if recently shrinking) business opportunity. I don't have a link, but here's the release:
RILA and NRF Agree to Merge New Merged Association to Provide a Single Retail Voice in Washington, DC WASHINGTON, DC -- The National Retail Federation (NRF) and the Retail Industry Leaders Association (RILA) today announced that the executive committees of both associations have unanimously agreed in principle to a merger that will create a single trade association representing retail interests in the nationâ€™s capital. The new organization will provide enhanced value to both RILA and NRFâ€™s members and help to ensure that the retail industry speaks with a one voice to advance the industry and its more than 15 million workers.The cynic in me says that retailers are getting hammered right now and no one's paying their dues, and this is a way to keep both organizations afloat. But maybe it's because they want to provide enhanced value to their members. That's totally possible.
â€œThis is an historic time for our industry. The challenges and opportunities before our members are unprecedented. Now is the right time to bring these associations together,â€ said RILA Chairman, Robert A. Niblock, Chairman & Chief Executive Officer of Lowe's Companies, Inc. and NRF Chairman Myron E. (Mike) Ullman, III, Chairman and CEO of J.C. Penney Company, Inc. in a joint statement.Gosh I hate it when people use "an" in front of "historic." That goes back to when people pronounced the word "istoric" and it made sense. But now pretty much everyone pronounces the "h," yes? Unless you live in Boston, maybe, where they pronounce "huge" as "yuge." But I digress.
According to Niblock and Ullman, in addition to enhancing member value, the new (and as yet unnamed) association will accrue substantial benefits to all members collectively, small and large, including: â€¢ A unified and stronger voice on policy, communications, and public affairs issues in Washington, DC â€¢ A host of exciting member events and conferences open to the combined membership of NRF and RILA and, including NRFâ€™s â€œBig Showâ€ and RILAâ€™s annual Logistics Conference scheduled for January and February, 2010 â€¢ Focused educational offerings and operational services for independent retailers â€¢ A single point of integration and dialogue with state retail associations and business groups in state capitals across the United States; and â€¢ A fully-integrated staff.Potential names for the organization: The National Retail Industry Leaders Foundation Association; The National We Wish the Internet Had Never Happened Association; The Organization that Used to Include Book Stores and Records Stores But there Aren't Any More of Them; The Soon there Will Just Be Wal-Mart Association; The Okay, Maybe there Will Also Be Target and JC Penney or Something Federation Association Foundation. It's hard to pick just one, really.
Completion of the merger requires that both NRF and RILA submit to a thorough due diligence process. The details of the merger are being developed by representatives from RILA and NRF. Both associationsâ€™ boards of directors must recommend the merger, and both memberships must approve it. Both RILA and NRF expect the process to be completed by this summer.In all seriousness, this new group will represent a powerful lobbying body and a group that could definitely sway the security industry's direction. They've already been involved in analytics standards development (not sure how that turned out, really) and I think you can expect more attempts to make the security industry more aware of retailers' pain points.