FISCAL CLIFF NOTES: They may have a hard time rising above the din of recent attack ads, but the leaders of the Retail Industry Leaders Association Wednesday urged President Obama and presumptive Republican presidential nominee Mitt Romney to pursue “pro-retail policies” and warned them against promoting “harmful regulations” and “overly burdensome taxes.”
In letters to the two candidates, Sandra L. Kennedy, president of RILA, and Gregg Steinhafel, chairman, president and chief executive officer of Target Corp. and chairman of RILA, said: “As this year’s political debate unfolds, we welcome the attention that has been paid to three issues of critical importance to Americans: how to create jobs, speed our economic recovery and avert the certain disaster that would befall America if the fiscal cliff is not properly addressed. With that focus in mind, we write to underscore the importance of the retail industry in our economy and the critical role the industry will play in its revitalization.”
This story first appeared in the August 10, 2012 issue of WWD. Subscribe Today.