Originally published on Mon November 19, 2012 12:51 pm
Wal-Mart is throwing its hat in the gourmet food ring just in time for the holidays this year. Wednesday, the megastore company launched a monthly food subscription service that sends customers a sampling of novel food products each month.
Wal-Mart is thriving despite the shaky economy, protests from union supporters and allegations of bribery at its Mexican unit. The company's stock price hit an all-time high Wednesday, and holiday layaway sales are off to a sizzling start. It's also introducing a low-cost, pre-paid debit card.
Wal-Mart, the world's biggest retailer, says its peers should reject the $6 billion settlement reached over fees charged on credit card purchases.
As we reported, Visa and MasterCard agreed to pay more than $6 billion to settle complaints from retailers that it prohibited them from imposing surcharges on customers using those cards. Those complaints have existed for years.