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HBSDealer Stock Watch: WDFC’s double-digit drop

BY HBSDEALER Staff

WDFC dropped more than 10% by Tuesday's close after releasing its first quarterly earnings report of the year.

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Check out Ferguson’s state-of-the art showpiece showroom

BY HBSDEALER Staff

To get to Ferguson’s Newport News, Va., headquarters, visitors must first pass the company’s sparkling, new kitchen and bath showroom — the Bath, Kitchen and Lighting Gallery.

The facility opened in December of 2015, and serves to inspire homeowners, as well as Ferguson employees and executives on the other side of the parking lot. HBSDealer visited this notable showroom in early August. Here are some highlights.

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NRF wants free speech for merchants on credit card fees

BY Marianne Wilson

The National Retail Federation on Tuesday called on the U.S. Supreme Court to allow merchants to freely and accurately show customers the added costs that come with paying by credit card rather than cash.

“Retailers have no interest in surcharging their customers for using credit cards,” NRF senior VP and general counsel Mallory Duncan said. “That would be the opposite of our goal to bring credit card swipe fees under control. But merchants do want to be able to show customers the cost of using a credit card without running afoul of the law.”

The case isn’t about surcharging, Duncan added. Instead, it’s about “giving retailers freedom of speech when they try to give their customers a break for paying by cash.”

“Some states allow cash discounts but prohibit credit card surcharges,” he explained. “A gas station owner shouldn’t be hauled into court for saying gas is $2.90 a gallon cash and $3 credit rather than saying $3 credit and $2.90 cash.”

Justices heard arguments Tuesday in a case challenging laws in 10 states that prohibit merchants from imposing a surcharge when customers use a credit card. The laws, which were passed at the urging of the card industry, can be traps for merchants who give a cash discount, NRF said. The lawsuit before the court argues that the laws violate merchants’ free speech rights under the First Amendment and are unconstitutionally vague under the Due Process Clause of the 14th Amendment.

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