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Report: Wal-Mart to offer sick pay on first day out
Bentonville, Ark. – In a reversal of corporate policy that did not offer workers paid sick leave until their second day of absence, Wal-Mart Store Inc. is reportedly now allowing employees to collect sick pay on their first day of not reporting to work due to illness. According to the Wall Street Journal, the change in policy is part of a larger effort to improve employee morale.
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Frederick's of Hollywood shuttering 31 stores
Lingerie retailer Frederick’s of Hollywood is reportedly closing at least 31 of its 93 stores as part of a broader re-engineering effort.
According to the Wall Street Journal, Great American Group is overseeing liquidation sales at 31 stores, including the flagship location in Los Angeles. The number of stores to be shuttered may rise slightly.