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MPC seeks changes to ‘swipe’ fees proposal

MPC seeks changes to ‘swipe’ fees proposal

The Merchants Payments Coalition, a group lobbying for “a more competitive and transparent” payment-card system,” is asking the Federal Reserve to further modify its proposed cap on the “swipe” fees merchants pay banks to process the transactions.

CRN Foundation highlights prenatal nutrition

CRN Foundation highlights prenatal nutrition

The CRN Foundation, the educational arm of the Council for Responsible Nutrition, the leading trade association for the dietary supplement and functional food industry, is showcasing the latest research and developments in prenatal nutrition at the American College of Obstetricians and Gynecologists

First-quarter sales, profit fall short at CVS

First-quarter sales, profit fall short at CVS

CVS Health missed first-quarter expectations and lowered its fiscal 2024 outlook as increased medical costs hurt its Medicare Advantage business. Its revised outlook assumes that the higher medical costs in its insurance business will persist throughout the year, the company said May 1.

Walmart to close all 51 health centers

Walmart to close all 51 health centers

Walmart today said it has made the “difficult decision” to close its Walmart Health and Walmart Virtual Care clinics, citing a lack of profitability. “The decision to close all 51 health centers across five states and shut down the virtual care offering was not easy.

Amazon delivery gets faster

Amazon delivery gets faster

SEATTLE – Amazon today said it continues to increase the speed with which it gets deliveries to customers. Nearly 60% of orders placed through Prime across 60 U.S. metro areas in the first quarter arrived the same day or next day, the company said. Prime members in major cities across the U.S.

Walmart adding 22 health clinics

Wal­mart said it will open 22 Walmart Health clinics this year, including 18 in Texas. With the additions, Walmart will operate more than 70 physician-staffed health clinics in five states by year’s end. The company plans to introduce the clinics to a sixth market, Arizona, in 2025.

Harrison leaves CVS after 19 years

CVS vice president of merchandising for beauty and personal care Andrea Harrison has left the company for “a new opportunity,” she wrote on LinkedIn. After 19 years with CVS, “it was a bittersweet departure, with so many memories and so hard leaving an amazing team,” she wrote.

Moderate growth seen for retail sales this year

Retail sales this year will increase between 2.5% and 3.5% from 2023 levels, according to the latest forecast from the National Retail Federation (NRF), which foresees sales rising to between $5.23 trillion and $5.28 trillion.

Rite Aid is closing another 53 stores

Rite Aid this month announced plans to close 53 more stores, adding to the roughly 200 it has shuttered since filing for Chapter 11 bankruptcy protection late last year.

Meijer plans to open two supercenters in Ohio, one in Michigan

Meijer will open two new 159,000-square-foot supercenters, in Alliance and North Canton, Ohio, on May 14, increasing the retailer’s store count to 55 in the state. Meijer previously announced plans to open a 159,000-square-foot supercenter in Hillsdale, Mich.