Content about Acronyms

July 19, 2012

Moody’s on Credit Card Interchange Fee Settlement

The July 13 settlement of a lawsuit over allegedly fixed credit card interchange fees is a credit positive for the two largest industry players Visa and Mastercard, but will have a smaller impact on merchant acquirers, retailers and banks, said Moody’s Investors Service in a new special comment "Credit Card Interchange Fee Settlement is Credit Positive For Visa, MasterCard."

September 28, 2011

ASDA Stores to launch mobile grocery delivery notification

U.K. retailer ASDA Stores Ltd., a division of Wal-Mart, will roll out Single Touch Systems’ mobile-based Grocery Delivery Notification Program.

July 1, 2011

Wal-Mart names Asda COO

Wal-Mart Stores announced Friday that its U.K.-based Asda unit has promoted Judity McKenna to the position of COO.

June 21, 2011

Asda COO quits company

A Tuesday report by Bloomberg said that the COO of Wal-Mart’s Asda supermarket unit has quit after just six months in the position.

May 17, 2011

Report: Asda to debut George stores

A report in the Belfast Telegraph Tuesday said that Wal-Mart-owned supermarket chain Asda has released plans to open its first George stores overseas as it looks to turn the fashion label into a global retail brand.

March 24, 2011

L.L. Bean to offer free shipping on a permanent basis

L.L. Bean announced it will implements free standard shipping to all United States and Canadian addresses effective March 25.

January 4, 2011

Bond steps down as Asda chairman

A Tuesday report by the Financial Times said that Andy Bond, former CEO of Asda, has left his post of part-time chairman of the United Kingdom’s second biggest supermarket by market share, a position that he has held for less than a year.

September 26, 2010

Walmart eyes African expansion

Walmart and Africa’s leading retailer Massmart Holdings Ltd. are in talks that could lead to...

July 16, 2010

Visa launches new payment card security initiative

On Wednesday, Visa Inc. launched a new payment card security initiative that the company said could eliminate the need for retailers and other organizations to store full, 16-digit credit and debit card numbers on their systems.

The move comes in response to long-standing pressure from the National Retail Federation, which maintains that merchants should not be required to store the information because of security risks.

July 14, 2010

Visa launches new payment card security initiative

On Wednesday, Visa Inc. launched a new payment card security initiative that the company said...

May 20, 2010

Tesco, Sainsbury match Asda on plan to sell cancer drug at cost price

U.K. supermarket groups Tesco and J Sainsbury said they will match rival Asda Group Ltd....

May 18, 2010

Asda sales drop in Q1

The Walmart-owned retailer that is Britain’s second-largest grocer experienced a sales dip of 0.3% in...

May 10, 2010

Asda names Clarke as CEO

Wal-Mart Stores announced Tuesday that its British grocery subsidiary Asda named current COO Andy Clarke...