Eye on Retail: Kroger reportedly considering extending Visa ban
The Kroger Co. is at odds with Visa over swipe fees.
The supermarket giant will no longer accept Visa credit cards at 26 stores and gas stations that operate under its Foods Co. banner, reported Barrons.com, which cited a report by Bloomberg. The report said that Kroger is considering expanding the ban to other stores.
Chris Hjelm, Kroger’s chief information officer, told Bloomberg that that card fees are “out of alignment” and “we don’t believe we have a choice but to use whatever mechanism possible to get it back in alignment.”
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Simpson Strong-Tie hosts scholarship students
Scholarship recipients from throughout the country toured Simpson Strong-Tie's California facilities while receiving hands-on experience.
Simpson Strong-Tie, the engineered structural connectors and building solutions provider, hosted more than 30 college students who were awarded with a Simpson Strong-Tie Student Scholarship for the 2018–2019 academic year.
Scholarship recipients from throughout the country toured the company’s manufacturing facility and training center in Stockton, Calif. last month. The tour included observing product testing at the Tyrell Gilb Research Laboratory, one of the largest private labs of its kind in the US.
Product demos of the company’s concrete and fastener divisions, along with a visit to an active jobsite using Simpson Strong-Tie products, were also part of the group’s first day.
The second day of the tour included a visit to Simpson Strong-Tie’s home office in Pleasanton, Calif. Students heard from a local architect and a structural engineer about the importance of building professional relationships in the industry.
Tour participants also got their hands dirty with a mini-house build: a project calling on them to follow plans closely and collaborate with one another to complete the build. Closing out the day, the students met with several of the company’s senior leaders, including CEO Karen Colonias and CFO Brian Magstadt.
“The panel discussion was very enjoyable, it gave insight that the average student does not get to hear. Hearing the stories of the leaders of the company was invaluable in helping us on our path,” said Evan Batton, a civil engineering major attending the University of Texas.
The Simpson Strong-Tie Student Scholarship Program supports education and encourages the design and building of safer structures in our communities by assisting architecture, structural engineering and construction management students in meeting their education costs. Up to 68 scholarships of $2,000 per recipient are awarded every academic year to students at 76 participating schools.
SRS expands in four states
SRS Distribution continues to open greenfield locations with the latest in Connecticut, Michigan, New York, and Oregon.
SRS Distribution has continued its national expansion with the opening of new locations in four states.
New greenfield locations include openings in Plymouth, Mich.; Salem, Ore.; Waterbury, Conn.; and Oceanside, N.Y. Each location will carry a full line of residential and commercial roofing products and focus on servicing professional roofing contractors, remodelers, and local homebuilders, SRS said.
The opening of a new Willoughby Supply location in Plymouth marks the company’s fourth location in Michigan as SRS continues its expansion efforts across the state. The Salem location complements SRS’s existing RoofLine Supply bannered footprint along the I-5 corridor from metropolitan Portland to Eugene.
In Connecticut, Waterbury marks SRS’s four location in the state and the first expansion under the Metro Roofing Supplies banner. The Oceanside location, operating under the National Building & Roofing Supplies banner, extends the SRS geographic reach to western Long Island and enhances overall market coverage.
“We are excited to open four new locations in great markets with talented people who have a desire to be joint owners of the Company alongside hundreds of other employee-owners and our two financial partners,” said Dan Tinker, president and CEO of SRS Distribution. “We are proud of our growing greenfield program, which we attribute to attracting and developing the best talent, while allowing them the freedom to implement their own independent, local strategy backed by our capital and resources.”
Based in McKinney, Texas, SRS Distribution operates more than 225 locations across 42 states and is the third-largest U.S. roofing and complimentary building products distributor. SRS is a portfolio company of Leonard Green & Partners, L.P. and Berkshire Partners LLC.