Merchants applaud further Commission action on card fees
EuroCommerce and the European Retail Round Table (ERRT) are delighted to give their unequivocal support to the further antitrust action taken today by the European Commission against MasterCard’s inter-bank fees.
More retailers sign up to agreement in bid to help tackle waste
The European retail sector is pleased to welcome four new signatories to its waste agreement which was first presented on 9 October 2012. The supermarket chains Carrefour, Hofer, Jerónimo Martins and Vomar have recently joined other retailers in their fight against waste, thus demonstrating commerce’s commitment towards a sustainable economy.
Retail welcomes Commission’s preference for a voluntary approach on B2B trading practices
Yesterday, at the meeting of the High-Level Forum on a better functioning food supply chain, 8 EU-level organisations representing commerce and industry announced the agreement on a framework for the implementation and enforcement of the principles of good practice in the food supply chain (still to be reviewed and validated by their members). The European Commission has expressed a preference for a voluntary approach over legislation. This approach should deliver rapidly.
Principles of good practices: Retailers determined to pursue work towards a voluntary solution
After intensive discussions over the past months, the core group multistakeholder dialogue concluded and announced that a compromise on an amended framework proposal could not be reached. Retail organisations regret this decision and see this as a missed opportunity to find a quick and efficient solution for disputes about B2B commercial practices.
New Research: EU Legislation hampers growth of cross-border E-commerce
Brussels, January 17th: One quarter (25 percent) of European retailers believe that they could increase revenues by 25 percent if they could sell more effectively online and cross-border in Europe, according to a new study conducted by Accenture (NYSE: ACN) for the European Retail Round Table (ERRT). But that growth is threatened by the struggle retailers experience in navigating diverse laws, regulations and practices.