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Strategy

  • Retail association calls new overtime laws a “career killer”

    The nation’s two leading retail associations issued critical statements in response the release of the overtime rule by the U.S. Department of Labor. Under the new regulation, issued by the Labor Department on Wednesday, most salaried workers earning up to $47,476 a year must receive time-and-a-half overtime pay when they work more than 40 hours during a week. The previous cutoff for overtime pay, set back in 2004, was $23,660.

  • Ace Hardware plays mixed fiscal hand in Q1

    Ace Hardware took home "record" first quarter revenues of $1.2 billion in the first quarter, an increase of 4.3% over last year. The message was a little more muddled for earnings. Though its first quarter net income of $26.1 million was down 12.7% year-over-year, that figure was still 12.0% ahead of plan. It was also a planned reduction owing to the timing of promotions.

  • Robert Redford’s newest Sundance store opens in Oregon

    The lifestyle retailer named after the famous film festival started by Robert Redford continues to grow its retail footprint and has added a store in the Northwest. The Bridgeport Village shopping center in the Portland, OR., suburb of Tigard is the location of the newest Sundance store which offers women’s and men’s apparel, footwear, jewelrey, accessories, art, and home décor.

  • Art of the deal: TJX wins again with 7% Q1 comp

    Shoppers love a deal – the perception of one anyway – which explains how TJX Companies continues to defy gravity by posting another quarter of strong same store sales growth and improved profitability.

  • Giant Eagle COO announces retirement

    A career that began in 1974 as a Giant Eagle supermarket clerk will end on June 30, 2016 as one of the company’s most instrumental figures in recent decades, president and COO John Lucot, will retire after 42 years of service to the Pittsburgh-area grocer.

  • Starbucks goes to the bond market—to raise money for sustainability

    Starbucks Corp. has turned to the bond market to fund its sustainable-coffee efforts. The chain issued a $500 million U.S. corporate sustainability bond to fund projtects that will support ethical coffee sourcing. The 10-year, 2.45 percent senior notes, due 2026, will fund programs that ensure coffee is grown and distributed in a way that can be maintained over the long run, such as providing fair pay for workers and protection for wildlife.

  • L.A.'s Manhattan Village gets major makeover

    The Manhattan Village Shopping Center in Los Angeles County serves some of the nation’s wealthiest zip codes which explains why JLL is leading a $150 million investment in a redesign and expansion of the mixed use center. The planned multi-phased renovation will bring new life to the 573,000-sq.-ft. shopping and dining destination that occupies 44 acres and serves the South Bay cities and Silicon Beach areas of Los Angeles County, according to JLL.

  • Women take charge in the retail supply chain

    The retail supply chain is one of the most male-dominated areas of the historically male-dominated retail industry, but a growing number of female executives are shifting the paradigm. During the Women in Supply Chain & Technology luncheon held at the recent Manhattan Associates Momentum 2016 conference in Orlando, Florida, three veteran female retail supply chain practitioners discussed the challenges and rewards of their pioneering careers.
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