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NRF: Keep swipe fee limits in place
The National Retail Federation (NRF) has strong feelings about credit card swipe-fee regulations.
On Tuesday, June 7, the NRF released the following statement after Rep. Jeb Hensarling, chairman of the House Financial Services Committee, announced plans to repeal swipe-fee reform and the Dodd-Frank Wall Street Reform Act.
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Lower costs equal higher Q4 profits at Casey’s; store growth planned
Casey’s General Stores Inc. reported increased net income and decreased revenue during the fourth quarter of fiscal 2016.
The retailer also said it plans to build or acquire 77 to 116 new stores, among other goals for fiscal 2017.
In the fourth quarter, Casey’s reported net income of $47.04 million, up 14% from $41.34 million the same period the prior year. Total revenue fell 4% to $1.58 billion, from $1.65 billion. A significant reduction in cost of goods sold offset increases in operating and other expenses, resulting in higher profits.

