CHICAGO -- While the Trump administration’s goal of easing regulations on businesses is generally welcome among retailers, some are worried about the extent of deregulation or the potential side effects of a protectionist trade policy.
Here are three issues that retailers are already addressing ...
Michigan-based Associated Food and Petroleum Dealers (AFPD), an advocate for food, beverage and petroleum retailers in the Midwest, recently distributed an open letter to CSP Daily News asking Congress to resist the urge to rescind credit and debit regulations protecting retailers against hidden swipe fees. The National Restaurant Association reportedly has expressed similar concerns.
The letter from AFPD President and CEO Auday Arabo asks Congress to “investigate the broken credit-card market and the lack of competition that has resulted in the United States paying the highest price in hidden swipe fees than any other country. Michigan grocers and their customers are counting on our federal representatives to stand with us and against another mega-bank giveaway.”
NACS is urging Congress to pass the Common Sense Nutrition Disclosure Act as soon as possible. The bill was recently reintroduced to both houses of Congress, and would loosen current menu-labeling restrictions, which the U.S. Food and Drug Administration (FDA) is due to begin enforcing by May 5.
The release criticized the current requirements, saying they “do not take into account the differences in approach to foodservice between big-chain restaurants and convenience stores, grocery stores and delivery operations.” The release also points out that c-store foodservice sales make up nearly 19% of total in-store revenues.
Constellation Brands, the largest importer of Mexican beers to the United States, including Corona and Modelo, said it will not raise prices on consumers if the United States sets additional taxes on imports from Mexico. CEO Rob Sands said to shareholders on a recent earnings call, “I think (Republican tax reform) could be a net positive when it’s all said and done.”
Despite assurances from Sands that any additional border taxes would be offset by supply-chain changes, the company’s stock was recently down about 7%, according to the Chicago Tribune.