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01 Apr, 2020
Kroger considering ban on Visa credit cards
American retail company Kroger Co. (NYSE: KR) is considering expanding its ban on Visa credit cards imposed by one of its subsidiaries, preparing to fight back against the over USD 90 Billion annual swipe fee payment.The Company stated that its Food..
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Trader Joe’s Hit by Whole Foods Price Cuts
After Amazon.com, Inc. (NASDAQ: AMZN) acquisition of Whole Foods, cost cuts as well as internal restructuring has been hurting rivals, such as Trader Joe’s, the most. Whole Foods’ foot traffic jumped 17% year over year the week of price ..
Amazon Cut Whole Foods Prices as Much as 43 Percent
Amazon.com Inc. (NASDAQ: AMZN) is now the owner of Whole Foods, and its first day as the owner of the grocery chain Amazon cut prices as much as 43 percent. The price cuts emphasis that Amazon is willing to settle for small margins as long as it dri..
German Aldi to Invest $3.4 billion in US Igniting Rivalry with Lidl
German grocery chain Aldi announced over the weekend that it would invest $3.4 billion to expand its U.S. store base to 2,500 by 2022. Aldi operates 1,600 U.S. and is now planning to open 900 new stores over the next five years. The announcement was..
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