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January 22, 2016 at 10:33 am
Wal-Mart Stores Inc unlawfully retaliated against workers who participated in strikes in 2013 and must offer to reinstate 16 dismissed employees, a National Labor Relations Board judge ruled on Thursday. Administrative Law Judge Geoffrey Carter said in a ruling posted on the board's website that the U.S. retailer violated labor law by "disciplining or discharging several…
January 21, 2016 at 10:38 am
Specialty clothing retailer Gap Inc is to launch a girl's clothing line under its Athleta brand in a bid to capitalize on growth in the U.S. women's active wear category. The Athleta Girl clothing line will include both performance and lifestyle apparel, launching online and in select stores this summer.
January 21, 2016 at 10:23 am
Most Wal-Mart employees in the U.S. will get a raise next month as part of the second phase of the company's commitment to higher wages. More than 1.2 million workers at Wal-Mart and Sam's Club will see a pay bump on Feb. 20, in line with the company's promise to bring its minimum hourly wage up…
January 21, 2016 at 10:05 am
Barneys New York has agreed to settle a lawsuit brought by a black man who said he was racially profiled while shopping at the luxury Manhattan department store and questioned by police about a purchase, according to court documents filed on Tuesday. Trayon Christian, a technical college student from Queens, had sued Barneys and the city…
January 21, 2016 at 10:01 am
Office supplies retailer Staples Inc. delayed its planned merger with rival Office Depot Inc. on Wednesday as federal regulators continue their effort to block the deal. The boards of both companies said they will extend their merger agreement, which was set to expire Feb. 4, more than three months to May 16. The extension will allow…
January 20, 2016 at 11:23 am
For the past two years, quirky culture enthusiast and Zappos CEO Tony Hsieh has fascinated the business press with his radical experiment in self-governing management. Early on, I did a feature on the brand's so-called "Holacracy" management method (called "teal" internally), which abolishes traditional hierarchy and replaces bosses with an overlapping network of self-managed teams.…
January 20, 2016 at 11:11 am
Macy's CEO Terry Lundgren said Tuesday the company is taking a more professional view of its real estate assets than ever as it faces pressure to unlock their value. Earlier this month, Starboard Capital urged Macy's to follow through with plans to spin off its real estate holdings in order to raise more cash at a…
January 20, 2016 at 10:57 am
Genesco Inc. President, Chairman and CEO Robert Dennis continues to up his efforts to turn around the company’s once-struggling Lids Sports Group. Genesco announced Tuesday that it has sold Lids Team Sports, part of Lids Sports Group, to sporting-goods marketer and distributor BSN Sports.
January 20, 2016 at 10:47 am
J.C. Penney is targeting millennials who are entering the real estate market with the relaunch of its appliance business. The retailer announced Tuesday that it will introduce laundry and kitchen appliances to 22 pilot stores in San Diego, Tampa and San Antonio starting Feb. 1. The move is one of several the company is planning to…
January 19, 2016 at 10:53 am
Amazon.com told sellers on Monday it had negotiated a deal with the USPS so they will see no rate change on the cost of Priority Mail shipping, which will remain at 2015 rates. The deal is unprecedented, since Priority Mail rates increased 9.8 percent on average as of Sunday, and an increase of 9.4 percent…
