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Retail

  • Implementing the New Overtime Rules

    Walmart recently announced that it provided pay increases for its managers who are currently making approximately $45,000 per year. By raising their salaries to $48,500 and keeping their duties intact, Walmart will not need to worry about the new federal overtime rules that go into effect on Dec. 1. As we all know, Walmart sets the pace for change (e.g., selling unboxed deodorant and antiperspirant, selling groceries and general merchandise in the same store, etc.) but will retailers follow suit here by simply increasing wages? Likely not.  
  • Best Buy upholds tradition of free holiday shipping

    Looking to attract shoppers in what is expected to be a highly competitive season, Best Buy is waiving online shipping fees.   For the second year in a row, the electronics retailer is offering free shipping on all online purchases — with no minimum threshold — made during the holiday shopping season. The perk will run between Oct. 25, and Jan. 2. Best Buy typically charges a fee for all orders below $35.  
  • Moody’s: Slow supply chains are department stores' Achilles heel

    Relatively slow supply chains are hindering department stores’ ability to compete effectively in today’s retail market.     
  • QVC launches multi-platform beauty shopping experience

    The fast-growing beauty category represented 17% of QVC’s global sales in 2015, but the retailer wants more.    To grab a bigger share of the category, the digital retailer will launch the Beauty iQ network, a multi-platform beauty shopping experience designed to engage beauty lovers. The program, which is set to launch on Oct. 31, will be viewable in over 40 million homes in the U.S. via distributors, including DirecTV, U-verse, Dish and Roku.   
  • Raley’s ‘Park’ gets OK from Sacramento planners

    Raley’s, the Northern Californian grocery chain, got one step closer to its vision to build a neighborhood “hub” in Sacramento.   According to a report in the Sacramento Bee, the city’s Planning and Design Commission voted 12-to-1 to approve the chain’s plans for “The Park,” a 108,000-sq.-ft. open-air center ringed by a metal canopy and featuring large store windows and shrub-filled “green screens.”  
  • Sears responds to claims that it failed to pay toy vendor

    A spat with a toy vendor could make for a difficult holiday shopping season for Sears Holdings.   Due to claims of financial difficulties, reports claim that toy manufacturer Jakks Pacific has halted sales of its Star Wars and Disney Princess toys, among other merchandise, to “a major U.S. customer," which was presumed by some to be Kmart, according to CNBC.  
  • REI makes bold Black Friday decision second year in a row

    While many retailers still struggle with how to leverage the Black Friday sales frenzy, REI has other plans in mind.   For the second year, REI will remain closed on both Thanksgiving Day and Black Friday, the busiest shopping day of the year. “Instead of feeding the Black Friday frenzy, we're closing our 149 stores and giving our 12,287 employees a paid day off,” REI’s website reported.   
  • Off-price, online, health/beauty stores to pace strong holiday rebound

    American consumers will generate an accelerating 4.1% year-over-year increase in 2016 holiday sales, well exceeding 2015’s tepid 3.6% growth.  
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