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Workers at a Cambodian garment factory that makes clothes for Levi's, Gap and other well-known international brands are striking for more pay and better working conditions. More than 5,000 workers from the Singaporean-owned SL Garment Processing (Cambodia) Ltd. failed to reach an agreement with their employers Tuesday to end an 11-day strike. Ath Thon, director of the Coalition of Cambodian Apparel Workers, said workers are demanding an increase in their base pay of $61 a month for 8-hour days, six days a week. He said they want a $5 salary hike and an extra $25 a month for transportation and housing.
South Florida Business Journal Sunglass Hut will open its largest U.S. store on Wednesday along Lincoln Road in Miami Beach. The location at 845 Lincoln Road is about three times the size of a typical store and will feature over 2,000 different sunglasses, The Miami Herald reported. Dr. Sanford Ziff founded Sunglass Hut, which is now owned by Luxottica Group, in 1971 at Dadeland Mall. See all your followed company news on your personalized dashboard. To access the full benefits of bizWatch and receive a weekly email with aggregated news on all the companies you are following, please provide
TJX Companies has been working to re-establish itself as an online retailer several years after shutting down its e-commerce operations. As the parent company of T.J. Maxx, Marshalls and Home Goods, the company operates more than 2,900 store locations. The retailer is making investments to support future growth including supply chain and systems, e-commerce, and store growth infrastructure.
The U.S. Department of Justice said it reached a settlement with Home Depot over allegations it illegally fired Army National Guard soldier Brian Bailey. The Justice Department's complaint accused the retailer of willfully violating the Uniformed Services Employment and Reemployment Rights Act of 1994 when it terminated Bailey, an Iraq War veteran, in 2010 because he took too many absences to fulfill his service obligations. As part of the settlement, Home Depot will pay Bailey $45,000 in monetary relief and make changes to its military leaves of absence policy. Additionally, the company denied all allegations made in the complaint.
Books-A-Million Inc. (Nasdaq: BAMM) today reported that it trimmed its losses in the first quarter, partly thanks to the popular book series, the Hunger Games. The Birmingham-based book retailer said its net loss improved to $1.9 million in the first quarter from a loss of $3.4 million in the same quarter of 2011. The company closed the gap largely on the strength of its net sales, which rose 10.5 percent to $113.1 million in the first quarter from $102.4 million as people bought Hunger Games books...
With spring springing and my daydreams increasingly occupied by thoughts of outdoor fun and games, I recently completed an analysis of pay-per-click activity in the sporting goods shopping category (U.S. only). I reviewed the top 100 category keywords (in terms of estimated volume of AdWords queries in the fourth quarter of last year) and designated each of those keywords as retail brand, product brand or nonbranded. Here's a look at the results:
(Reuters) - The second largest U.S. public pension fund said on Tuesday it plans to vote all of its Wal-Mart Stores Inc WMT.N shares against the board in the wake of bribery allegations in Mexico that Wal-Mart officials failed to fully investigate.California State Teachers' Retirement System, or CalSTRS, has already sued current and former Wal-Mart executives, saying allegations the company paid millions of dollars of bribes in Mexico and a cover-up by Wal-Mart officials raised the question of whether top executives should remain in place.The allegations "indicate a breakdown of corporate governance and lack of oversight that should have
NEW YORK — Walmart topped the list retailers on the BrandZ Top 100 Most Valuable Global Brands, according to a study commissioned by WPP Group and conducted by Millward Brown Optimor. The BrandZ Top 100 Most Valuable Global Brands study identifies and ranks the world's most valuable 100 brands by their dollar value, an analysis based on financial data combined with consumer measures of brand equity. Walmart earned its top spot (number 17 out of all global brands) by meeting the needs of the digitally connected consumer by offering free Wi-Fi in store, rebalancing its portfolio between online and