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Visionworks signs four new leases
Plymouth Meeting, Pa. -- Fameco Real Estate, L.P. announced that Visionworks, a division of Eye Care Centers of America, has signed four new leases in the Central Pennsylvania region as part of its store roll-out campaign.
Each of the new stores is slated to open in late summer 2011. The stores will be located at The Viewmont Mall in Dickson City, Silver Spring Shopping Center in West Harrisburg, Mill Creek Shopping Center in Lancaster and Delco Plaza in York.
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NRF: ‘Extremely disappointed’ in swipe-fee regulations set
Washington, D.C. -- The National Retail Federation said Thursday that it is disappointed in the final debit card swipe-fee regulations set by the Federal Reserve.
Under the new rule, the current debit card swipe-fee rate of 1%-2% of each transaction will be replaced with a flat fee of not more than 21 cents per transaction for the nation’s largest banks -- substantially higher than the flat fee of up to 12 cents the Fed originally proposed in December 2010.
For the second year in a row, retailers’ expansion plans are on an upward trajectory, according to Chain Store Age’s 2011 Store Construction & Outfitting Survey, an annual survey of retail building activity and development costs. In other findings, the cost of lighting, signage, roofing and other store-outfitting systems decreased compared with last year. 