NACS has declared its commitment to fighting to keep swipe fees low in the interest of consumers and merchants. The House Financial Services Committee has voted to report the Financial Choice Act (H.R. 5983), and the National Association for Convenience Stores has released a statement expressing the Association’s disapproval of the legislature and its disappointment…
NRF Urges Congress to Reject Financial Choice Act
84% of consumers agree that the Debit Swipe Reform should remain in place. As Congress prepares to begin its consideration of new legislation that will repeal the Federal Reserve’s cap on debit card swipe fees, the National Retail Federation has requested that Congress reject this legislation, as it would undermine competition and cost retailers and…
Dave Riser Receives Dean of the Industry Award from CDA
Dave Riser has been awarded the Dean of the Industry Award from CDA in recognition of his dedication and commitment to his work in the industry. On Sept. 13, at the Convenience Distribution Business Exchange (CDBX) in Scottsdale, Ariz., the Convenience Distribution Association awarded Dave Riser, vice president external relations-trade marketing at the R.J. Reynolds…
Hensarling Continues Efforts to Repeal Durbin Amendment
Passage of the Financial Choice Act would have devastating effects on small business owners. The House Financial Services Committee chairman, Jeb Hensarling, recently announced his intention to mark up the Financial Choice Act. This Act includes the provision to repeal the debit swipe fee reform. In response to Hensarling’s announcement, Lyle Beckwith, senior vice president…
NRC Announces Sealed Bid Sale of Six Iowa C-Stores with Gas
NRC is looking for a single buyer to purchase six Iowa c-stores with gas. Six Iowa properties are being offered for sealed bid sale through NRC Realty & Capital Advisors LLC. The seller of the propertied retained Ravinia Capital as the financial advisor for the sale, and Ravinia retained NRC to act as the sale…
New Jersey Minimum Wage Increase Vetoed
Legislature that could have potentially harmed New Jersey businesses has been vetoed by Republican Governor Christie. New legislation proposing that New Jersey’s minimum wage be increased to $15 per hour over the next five years has been vetoes by Governor Chris Christie. According to a recent report from Reuters, Christie vetoed the bill because of…
FDA Encourages Kids to Read Nutrition Labels
The FDA wants children to take charge of their diets and to work towards lifelong health. In honor of September being National Childhood Obesity Month, the U.S. Food and Drug Administration (FDA) is encouraging kids to Read the Label in an attempt to help young people make healthy dietary choices. The Nutrition Facts label is…
7-Eleven Stores Founder has Passed Away
Bill Brown is remembered as a grateful and humble man. On Thursday, Aug. 25, 2016, William C. “Bill” Brown passed away in his home at the age of 89. Brown, who was born July 27, 1927, in Brooklyn, N.Y., was the founder of Oklahoma City-based 7-Eleven Stores. Brown’s son, Jim Brown, is now the current…
The NRF Supports the New Online Sales Tax Proposal from Goodlatte
Retailers seek a level playing field when it comes to the collection of sales tax for online purchases. House Judiciary Committee chairman Robert Goodlatte has issued a new draft for online sales tax legislation, requesting that Congress take action to address the issue of online sales tax. The National Retail Federation welcomed the release of…
Jimmy Haslam May be Forced to Testify in Pilot Flying J Fraud Case
Pilot Flying J’s motion to have its fraud case dismissed has been denied. On Tues., Aug. 2, Judge David Young of Franklin County Common Pleas rejected Pilot Flying J’s request for the dismissal of an ongoing case concerning a large-scale rebate fraud at the family business. The rejection of the move for dismissal may soon…