4 Key Policy Changes That Could Impact Your Store in 2025

The retail landscape is shifting in 2025, and several major policy discussions in Washington could directly affect your store's bottom line. The National Retail Federation (NRF) has identified four key policy priorities for 2025 that will significantly impact the retail industry. Let's break down what's on the table and what it means for small retailers like you.

Tax Provisions: Keeping More of What You Earn

The current 21% corporate tax rate has been a breath of fresh air for retailers, enabling many small businesses to reinvest in their stores, hire more staff, and stay competitive with pricing. There's a push to maintain this rate, which could help you continue planning your business growth with confidence.

Trade and Tariffs: Watching Your Inventory Costs

The new administration is taking a fresh look at trade relationships, particularly with China. What does this mean for your store? While a thorough review of trade policies is underway, proposed tariffs could significantly impact product costs. For example, if you're selling apparel, toys, furniture, or appliances, you'll want to keep a close eye on these developments as they could affect your purchasing decisions and pricing strategies.

Swipe Fees: The Hidden Cost of Every Sale

Here's something every store owner feels daily: credit card processing fees. In 2023, retailers collectively paid over $172 billion in swipe fees. The proposed Credit Card Competition Act could bring some relief by introducing more competition into payment processing. For small stores, this could mean significant savings on every transaction – money that could be reinvested in your business or passed on to customers through better pricing.

Organized Retail Crime: Protecting Your Store

With 28 states now having specific laws addressing organized retail crime, there's growing momentum for federal action. For small store owners, this could mean better protection against theft and more support from law enforcement when incidents occur. The proposed Combating Organized Retail Crime Act could provide additional tools to protect your inventory and ensure a safer environment for both staff and customers.

Stay Connected

Keep an eye on your local retail associations and the National Retail Federation for updates on these policies. Your voice matters in these discussions, and staying informed helps you make better decisions for your business's future.

As we navigate these policy changes, here's my comprehensive tip for fellow retailers: Create a "Policy Impact Plan" for your store. Start by documenting all current expenses affected by these policies (tax payments, supplier costs, processing fees, security costs). Review this monthly and maintain a flexible budget that can adapt to potential changes. Most importantly, join your local retail association – strength in numbers helps our voice be heard when these policies are being shaped.