The amount of retail square footage devoted to food has never been as high—and that spells trouble for the industry By NACS Online Americans have a plethora of grocery stores from which to purchase food—and those stores have gobbled up a lot of retail square footage. After retailers expanded quickly during the recent recession,…
Increasingly, Americans are no longer satisfied with shopping for food in one store By NACS Online For more consumers today, buying groceries involves multiple trips to several stores, USA Today reports. Half of U.S. supermarket shoppers visit three or more stores to purchase bread, milk and household products and buy five items or more…
Announced in January, this week shareholders approved the $49 billion deal By NACS Online In July, shareholders of both British American Tobacco (BAT) and Reynolds American put their stamp of approval on BAT buying Reynolds, a merger announced in January, the Chicago Tribune reports. Together, the two companies will become the world’s largest publicly…
A new tool in the arsenal of criminals out to steal credit card data is a card-shaped device that’s paper-thin By NACS Online Just when you thought the tide might be shifting toward the good guys in the skimming game, the bad guys unleash a new weapon—the shimmer, WFMY-TV reports. The paper-thin device…
Government seeks limited appeal of overtime rule decision; Labor Department plans to issue new regulation By Allen Smith, J.D. The Department of Justice (DOJ) has abandoned its defense of the increased salary level in the 2016 overtime rule. The DOJ said in a brief on June 30 to the 5th U.S. Circuit Court of Appeal…
by Greg Feinberg/president and CEO, Aisle 9 Special to The Shelby Report Amazon’s acquisition of Whole Foods Market is not an indication that the brick-and-mortar grocery business is going away. Amazon’s acquisition of Whole Foods is an admission that the grocery business was never going to be overtaken by online retailers. While Amazon took a shot, the…
Department says it wants salary to be a factor in overtime eligibility NACS Online The U.S. Labor Department suggested last week that it could lower the salary threshold for overtime eligibility set under the Obama administration, Reuters reports. The news source writes that the department asserted to the New Orleans-based 5th U.S Circuit…
Seattle’s second wage increase to $13 reduced hours worked in low-wage jobs by around 9% NACS Online A new study from the National Bureau of Economic Research suggests that Seattle’s $15 minimum wage may be having the opposite effect than its intended purpose. A working paper published this week by the NBER evaluates…
With the assistance of NACS, the Federal Trade Commission provides tips for both consumers and retailers NACS Online Ahead of one of the summer’s biggest travel weekends, the Federal Trade Commission, with assistance from NACS, posted two blogs offering advice to motorists and gasoline stations on how to avoid skimmers at the pump. In…
The online retailer announced the acquisition on June 16th, which analysts predict will increase its competition with Walmart By NACS Online Online retailer Amazon.com has announced it will acquire the Whole Foods supermarket chain for $13.7 billion, the New York Times reports. The deal pushes the competition between Amazon and Walmart to new…