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Stanley offers a twist on color-coding

BY HBSDEALER Staff

Stanley introduced its new line of basic screwdrivers during a new product luncheon at the Westin Times Square in New York City. The new line of color-coded screwdrivers allows DIYers or pros to easily choose the right tool from their pouch or tool box.

“The introduction of new basic screwdrivers represents Stanley’s continued commitment to innovation and extensive field research coming from our customers,” said Bob Scillia, leader of Stanley’s strategic business unit for cutting and clamping products. “Our new screwdrivers provide professionals and homeowners an innovative and comfortable tool for day-to-day driving applications that is easy to locate among other tools.”

A four-sided handle is designed for comfort with a slip-resistant textured grip. Parts of the handles are color-coded red for slotted, blue for Phillips and green for Torx. Twelve single screwdrivers will retail for $2 to $3, and seven screwdriver sets will retail for $3 to $22.

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NRF continues fight for swipe fee reform

BY HBSDEALER Staff

The National Retail Federation Wednesday said that legislation introduced in the House to repeal debit card swipe fee reform would cost consumers more than $6 billion a year in savings that merchants plan to pass along to their customers. 

“This misguided legislation would take billions of dollars in savings away from American consumers,” NRF SVP and general counsel Mallory Duncan said. “The banks tried to stop this law from being passed, they tried to delay it once it was passed, and they managed to water down the amount merchants and consumers will save. Now that it’s just barely taken effect, they are trying to repeal it before anyone can benefit. Congress needs to stop doing the bidding of the banks and think about the people who paid for the bank bailout not so long ago — consumers and Main Street merchants.” 

Representatives Jason Chaffetz (R-Utah) and Bill Owens (D-NY) Wednesday announced plans to introduce legislation that would repeal debit card swipe fee reform regulations that took effect on Oct. 1. The regulations, set by the Federal Reserve under last year’s Wall Street reform law, capped debit card swipe fees charged by the nation’s largest banks at about 21 cents, down from an average 44 cents. Analysts have estimated that the cap will save merchants and their customers more than $6 billion a year, according to the NRF.

The NRF said merchants are planning a wide range of ways to use the savings to increase value for their customers, such as overall lower prices, specific discounts for using debit cards, free or lower-cost delivery on appliances, free alterations on clothing or hiring additional staff to improve customer service.

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Koelnmesse names chief operating officer

BY HBSDEALER Staff

International trade show organizer Koelnmesse named Katharina Hamma as its new chief operating officer. 

She will be responsible for the operations of the trade fair program in Cologne, Germany, as well as for company’s sales, communications and services. 

"I’m looking forward to being in Cologne and working on one of the wold’s most exciting trade fair locations," said Hamma, who is the third member of Koelnmesse’s top management team. The other two are CEO Gerald Bose and CFO Herbert Marner.

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