Tag Archives: Kroger

Walmart and Target push to lower credit card fees | CNN

Frustrated by extra credit card fees when you shop?

A pair of bipartisan bills in Congress aim to lower the swipe fees, also known as interchange fees, that retailers pay every time a customer makes a purchase with their card. The effort is backed by retail giants including Walmart, (WMT) Target (TGT), and Kroger (KR), as well as convenience stores and independent grocers.

“Swipe fees for credit cards are higher in the United States than anywhere else in the industrialized world — more than seven times as high as Europe,” a coalition of businesses wrote in a letter to lawmakers last week. “They are an inflation multiplier.”

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Is Kroger going to buy Whole Foods? | Money CNN

Will $6 bottles of asparagus water soon be coming to a Kroger, Ralphs or Harris Teeter near you? Whole Foods stock shot up 5% Thursday and briefly rose again Friday on chatter that supermarket king Kroger may want to buy the troubled organic grocer.

But is Whole Foods (WFM) really for sale? Investors may need to take these rumors with several grains of Himalayan pink sea salt.

For one, Whole Foods is still facing many challenges, mostly stemming from bad press about its high prices. The company settled charges of price gouging with regulators in New York City last year, but the company’s Whole Paycheck image persists.

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