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Labor & Employment

  • Regulatory Wrap-Up: Where state and national policy impact retail

    Wages

  • Nordstrom sweetens terms to attract potential equity partners

    Nordstrom is offering a deal to potential equity partners willing to fund a buyout.   The group of Nordstrom Inc. family members seeking to take the luxury department store chain private is offering preferential terms to potential equity partners willing to fund the buyout, according to Reuters. The group involved in the negotiations are company co-presidents Blake W. Nordstrom, Peter E. Nordstrom, and Erik B. Nordstrom; president of stores James F. Nordstrom; chairman emeritus Bruce A. Nordstrom; and Anne E. Gittinger. 

  • NRF continues to lobby for healthcare improvements

    Despite the failure of a “skinny” repeal healthcare bill in the Senate, the National Retail Federation remains committed to fixing the Affordable Care Act.  

  • Border tariff removed from tax reform plan

    The import tax proposal has officially been removed from the tax reform plan — which is welcome news for retailers across the industry.   On Thursday, congressional and administration leaders announced they would remove the Border Adjustment Tax (BAT) from consideration, and announced an outline for comprehensive tax reform. The BAT provision would have ended importers’ ability to deduct the cost of merchandise purchased from other countries.   

  • Mall owners take pay cuts

    Macerich CEO Arthur Coppola had the potential for total compensation worth about $12 million in 2016, but his company’s recent proxy filing showed him receiving less than half of that.   Coppola is just one of many senior executives of publicly traded mall-owning companies to feel the sting brick-and-mortar’s right-sizing in his pocketbook, according to a report in the Wall Street Journal.   

  • Aldi’s newest fulfillment center planned for Arizona

    A German discount grocer is buying up land in the Grand Canyon State — but not to open stores.    Aldi is planning to open a regional fulfillment center in Goodyear, Arizona. The facility will house an office and distribution center, and will create 132 jobs, according to the Phoenix Business Journal.  

  • Online giant in big supply chain hiring push

    Amazon is making good on its promise to hire 130,000 workers by 2018.   The online giant announced Wednesday that it plans to fill more than 50,000 roles across its fulfillment network in the United States. Amazon is hiring “tens of thousands” full-time associates who will pick, pack and ship customer orders from its fulfillment centers. It will also fill supporting and managerial roles within its facilities, including human resources managers, IT specialists, and operations leaders, among other positions, the retailer said.

  • Luxury department store puts a restructuring plan in motion

    Neiman Marcus is making moves to offset its debt and improve its capital structure.   The luxury department store’s first step was to eliminate 225 positions. Affected employees — which span all brands and operating divisions — will receive severance packages, and also be considered for other job openings within the company, according to the Dallas News.  
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