Finance & Capital Management

New Orleans -- Covington, La.-based Stirling Properties said that The Fresh Market will open a new store in New Orleans on July 25, marking the grocery retailer’s fourth store in the state.

“We are excited to open our store in New Orleans and to expand our reach in Louisiana,” said Craig Carlock, Fresh Market president and CEO. “We look forward to introducing The Fresh Market’s concept of quality perishables, excellent customer service and a unique atmosphere to an expanded customer base.”    

ABILENE, Kan. — Alco this week began offering products for sale on its website. The company has launched an e-commerce site that will offer more than 10,000 items. Features of the site include "24/7" online shopping in a secure, searchable web environment, plus delivery to home or place of business.

SAN JOSE, Calif. — Revenue at eBay soared 23% to $3.4 billion during the company's second quarter, thanks to strong performances in its Marketplaces and PayPal businesses.

800x600 Normal 0 false false false EN-US

Retailers don’t like the fees they are required to pay Visa and Mastercard, but retailers are willing to charge unwary and unbanked consumers plenty of other fees.

For months, the debate over healthcare has almost exclusively focused on the individual-mandate, as we waited on the Supreme Court to determine the fate of the law. As a result many complex and crucial pieces of the Affordable Care Act (ACA), such as the employer-mandate, have received comparatively little attention. Given the enormous implications of changes to employer-sponsored coverage and the 170 million Americans who currently rely on it for coverage, it is time that more attention is paid to the issue.

Williamsville, N.Y. -- Tops Friendly Markets has entered an agreement with C&S Wholesale Grocers affiliate GU Markets to acquire 21 supermarkets located in upstate New York and Vermont.

Tops said the acquisition will bring its number of operating stores to 153 and will expand Tops' footprint further into areas of northern and eastern New York State and neighboring northern Vermont. For the time being, 20 of the stores will continue to operate under the Grand Union banner, while the other store will continue to operate under the Bryant's banner.

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."

By Eileen F. Mitchell, [email protected]

Deerfield, Ill. -- After months of slumping sales following its split with Express Scripts Holding Co., Walgreens said it has forged a new multi-year contract with the prescription provider and will begin filling Express Scripts prescriptions on Sept. 15.

Walgreen had stopped filling prescriptions for Express Scripts after a contract between the companies ended last year. Express Scripts ended the contract because it said Walgreens wanted a premium compared to what Express Scripts paid other pharmacies.