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EXTENDED OVERTIME REGULATIONS
How businesses should respond to the new rule
In May, the Department of Labor unveiled new overtime regulations. The biggest change — and the one that will impact retailers the most — is the nearly doubling of the salary threshold that entitles most salaried workers to overtime pay from $23,660 to $47,476, which is based upon the 40th percentile of the lowest-wage region, the South. The previous cutoff was set back in 2004. -
A FRESH TAKE ON ‘RETAILTAINMENT’
Entertainment concepts are the future of retail fun
Retail has been the foundation of shopping centers throughout their existence, but new entertainment concepts are making inroads in traditional retail venues.
Even in mixed-use venues, it’s generally accepted that a critical mass of traditional retail is the highlight, and that other uses are complementary pieces, designed to drive traffic and support the retail component.
