Retail Roundup—Retailers reject swipe fee reform, UPS and FedEx institute new pricing

Small business
The NRF said repealing the reform will hike up fees for retailers and consumers.

NRF rejects swipe free debit card reform

The National Retail Federation asked the House Financial Services Committee to reject efforts to repeal debit card swipe fee reform as it considers approval of the Financial Choice Act. The NRF says that repealing the reform would only undermine transparency and competition, and hike up fees for retailers and consumers. (Business Wire)

UPS, FedEx roll out short-haul pricing

UPS and FedEx have introduced new pricing for short-haul deliveries within 50 miles. Under the new zone 1 rating, it will be fairly inexpensive for those retailers in business with the delivery companies, helping to ease the pain of the “last mile” shipping problem. (DC Velocity)

Coach sales down 4% for quarter

Luxury retailer Coach reported a drop in sales of 4% for the third quarter. Expecting the loss, the brand recently decided to reposition its North American wholesale channel through a reduction in promotional events and door closures, which negatively impacted sales growth by approximately 150 basis points in the quarter. (Business Wire)

SpartanNash hires former Walmart VP

Tom Lee has been named senior vice president of supply chain at SpartanNash. Lee most recently served as vice president of merchandising operations for Walmart’s e-commerce division. (Supermarket News)