Kroger and Six Other National Retailers File Antitrust Suit Against Visa
Cincinnati, Charging that Visa unlawfully fixed credit-card interchange fees and restricted competition, The Kroger Co., announced today it has filed a federal lawsuit against Visa USA and Visa International Service Association. Joining Kroger in the suit, filed in the Southern District of New York, are Walgreen Co., Safeway, Eckerd Corp., Albertson’s, Ahold USA and Maxi Drug.
The lawsuit alleges that Visa has unlawfully set the interchange fees that are charged to Kroger and other merchants each time a customer makes a purchase with a Visa credit card. The suit also charges Visa with creating and imposing rules and restrictions on merchants that preclude Kroger from being able to negotiate lower fees.
The complaint seeks injunctive relief to stop the anticompetitive practices, plus unspecified damages.
Wal-Mart’s Web Site Suffers Lengthy Outage
Bentonville, Ark, Wal-Mart Stores suffered an unknown technical glitch that knocked its Web site out of commission for as many as 11 hours, according to one Internet tracking service. The walmart.com Web site came back up Thursday morning. The company said that a minor incident during routine maintenance kept the site down longer than expected. Wal-Mart gets more hits than any other retail Web site except for Amazon.com
The Hits Keep Coming: Myinks.com Moves Fastest
New York City, The site www.myinks.com jumped 15,934 positions to the rank of the 2,048th most visited retail Web site for the week ending on July 9. The increase in market share for the on-line inkjet superstore of 740% made it the fastest moving retail Web site of the week, according to Hitwise.com, the on-line intelligence firm. 101inks ranked third among fast movers, with an increase in market share of 478%.
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