When we last left off, the nation’s number-one retailer had not weighed in on the proposed swipe-fee settlement. Now it has. In a statement released Tuesday, Walmart said it was “disappointed” in the settlement, because it would not “prohibit credit card networks from continually increasing hidden swipe fees, which already cost consumers tens of billions of dollars each year… We[Read More…]
It could cost you to use a credit card at Kroger soon. But Target says, not in its stores. Target has announced its opposition to this month’s multi-billion dollar settlement between retailers and credit card companies, which would allow retailers to pass on credit card “swipe fees” to their customers. Previously, retailers have had to cover the cost themselves, in[Read More…]
Are you still buying your groceries at a grocery store? How quaint! Supermarkets are poised to lose their position as America’s preferred grocery-shopping destination. And it’s not only big-box discounters like Walmart and Target that are taking their business. The Wall Street Journal reports that supermarkets’ share of U.S. grocery sales fell to 51% last year. And Forbes cites a[Read More…]
