The parent company that owns retailers T.J. Maxx, Marshalls and HomeGoods announced on Wednesday a plan to raise their workers’ wages to $9 an hour in June, with an eventual rise to $10 an hour by 2016. The move makes TJX Cos. the latest mega-retailer to jump on the competitive wages trend, following an announcement from Wal-Mart just last week.
Large retail chains are the target of frequent criticism for paying low wages and exploiting workers, but a new working paper from the National Bureau of Economic Research suggests that big-box stores have actually increased wages in the retail sector, allowing workers to do better there than they would at mom-and-pop establishments. Continue reading
After two decades of championing e-commerce, why would Amazon decide to open a retail store in New York? Continue reading
Nicotine gum and quit smoking signs will replace cigarette boxes on CVS shelves. The drug store chain will also launch a new campaign aimed at providing education, medication and assessments for customers looking to end their tobacco habit. Continue reading
The chief information officer at retail giant Target has resigned following a massive holiday-season data breach, which affected millions of customers.
The new year ushered in Colorado’s first day of legal retail sales of pot. Ricardo Baca, the first ever marijuana editor at the Denver Post, joins Hari Sreenivasan to discuss the details of the law, how its measures are — or are not — being enforced and what it means for the culture at large. Continue reading
Retail giant Target announced that some 40 million credit and debit accounts were compromised when shoppers swiped their cards in stores from late November to mid-December. Steve Surdu of Mandiant joins Gwen Ifill to discuss how hackers may have committed the data theft and how companies attempt to protect customers. Continue reading
For brick-and-mortar retailers, the holiday shopping season got off to a slow start. With fewer days between Thanksgiving and Christmas, stores are in fierce competition to capture consumer spending. Jeffrey Brown talks to industry veteran Gerald Storch about shifts in the shopping landscape and potential for consumer savings. Continue reading
In a bifurcated retail economy, high- and low-end retailers are doing well, while the middle is being squeezed. What types of items are pushing sales at the ends of the hourglass? We’ve compiled an assortment of products from luxury brands and from top-selling categories that are helping drive growth at dollar stores. Continue reading
Economists sifted through a new pile of data Thursday on the state of the U.S. recovery, with some glimmers of hope in manufacturing and retail sales. Ray Suarez reports on the state of the U.S. recovery and the Obama administration’s lowered expectations for what’s to come. Continue reading