New NACS Chair Rahim Budhwani encourages retailers to look at c-stores as “community stores,” rather than “convenience stores” By NACS Online Convenience retailing, or life for that matter, can be summed up by the two words of “hope” and “love,” said NACS 2016-17 Chairman Rahim Budhwani during the 2016 NACS Show Closing General Session. “Hope…
DetailsBy Brewbound Molson Coors Brewing Company (NYSE: TAP; TSX: TPX) (“Molson Coors” or “the Company”) announced the successful completion of its previously announced acquisition of SABMiller plc’s (LSE: SAB; JSE: SAB) (“SABMiller”) 58% stake in MillerCoors LLC (“MillerCoors”), the joint venture formed in the United States and Puerto Rico by both companies in 2008. As…
DetailsBy Lisa Fickenscher // New York Post Jim Beam lovers may want to stock up on their favorite spirit. Union workers at two of the company’s Kentucky distilleries have voted to authorize a labor strike. If a deal on a new contract can’t be worked out, the workers may strike the following day. And a…
DetailsBy New York Daily News Iraq’s parliament has passed a law forbidding the import, production or selling of alcoholic beverages. The bill passed on October 22, 2016 imposes a fine of up to $21,000 for anyone violating the ban. Islam forbids the consumption of alcohol, but it has always been available in Iraq’s larger cities,…
DetailsBy PRNewswire The distilled spirits industry continued its impressive 18 straight years of growth, rising 2.0% in 2015 to 215.9 million 9-liter cases. Employment gains and wage increases have led to increased consumption of premium, quality products at home and on-premise. According to the Beverage Information Group’s Liquor Handbook 2016, consumers are spending more and…
DetailsBy Donna Harris // Oil Price Information Less than half of small and mid-sized bricks-and-mortar retailers of all types accept chip cards at indoor point-of-sale terminals, even a year after the credit card networks’ liability shift, according to a survey this month from The Strawhecker Group. Gas stations and other merchants had to adopt technology…
DetailsBy Paula Gardner // MLive Michigan’s packaged liquor sales reached a new plateau in 2015, topping the $1 billion mark in wholesale purchases by retailers. Leading the pack were chain stores – notably Meijer Inc., based near Grand Rapids – which now account for 15 percent of wholesale liquor buys across the state. Sales of packaged liquor, which is…
DetailsBy Patrick A. Kelley, SNAP Program Analyst This is an important announcement regarding the Department of Agriculture’s (USDA) Online Purchasing Pilot Request for Volunteers (RFV) published on September 15, 2016. The USDA’s Food and Nutrition Service (FNS) is pleased to announce that we have received confirmation that additional Electronic Benefit Transfer (EBT) Host Processors intend…
DetailsBy Jackie Borchardt // cleveland.com Ohio’s minimum hourly wage will increase 5 cents next year because of inflation. Non-tipped workers must be paid at least $8.15 an hour and tipped workers $4.08 an hour starting Jan. 1, 2017. The wage increase reflects an increase in the Consumer Price Index, which rose .7 percent in the…
DetailsSince the October 2015 liability shift, EMV remains frustrating for retailers and confusing for consumers—not a good proposition leading up to the next liability shift in October 2017 NACS Online One year after the October 2015 liability shift took effect for retailers to accept Europay MasterCard Visa (EMV) chip cards inside the store, thousands of…
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