Here's Why Walmart Is Suing Competitor BJ's Wholesale For Theft Here's Why Walmart Is Suing Competitor BJ's Wholesale For Theft
Here's Why Walmart Is Suing Competitor BJ's Wholesale For Theft A battle is brewing between two of the country's largest big-box franchises. Walmart is suing rival BJ’s Wholesale Club claiming that the retail giant stole technology to launch a self-checkout feature similar to the ones used at the company’s subsidiary Sam's Club, which boasts nearly 600 locations in the US. Walmart alleges that the company worked for years to develop a “Scan & Go” feature that allowed Sam’s Club customers to ring up purchases on smartphones while shopping, eliminating the need for a long checkout line. The lawsuit, which was filed in federal court, alleges that inn…
Amazon Hikes Price Of Prime Membership Amazon Hikes Price Of Prime Membership
Amazon Hikes Price Of Prime Membership Even the world’s largest companies are not immune to inflation. Despite posting record profits, Amazon announced that it will be hiking up prices for its Prime membership, which will rise from $119 to $139 annually or from $12.99 to $14.99 monthly. It marks the first price increase for Prime members since 2018. Current Prime members will see the increase as of Friday, March 25, while new members will start paying the new price as of Friday, Feb. 18. The move comes after Amazon’s revenue rose to a record $137.4 billion in the fourth quarter of 2021, of which $14.3 billion was profit, repr…
Here's Percentage Of US Workers Who Plan To Quit Their Jobs This Year, New Report Reveals Here's Percentage Of US Workers Who Plan To Quit Their Jobs This Year, New Report Reveals
Here's Percentage Of US Workers Who Plan To Quit Their Jobs This Year, New Report Reveals A new survey found that nearly one-quarter of workers in the United States plan to find a new job this year. ResumeBuilders.com said in a report on Monday, Jan. 3, that it surveyed 1,250 American adults who are currently employed, and found that 23 percent plan to find a new job in 2022. Nine percent of those respondents also said they had already secured a new job. The survey found the turnover will be the highest among the following fields: Retail Food and hospitality Education Office and administrative support The website reported that 31 percent of retail workers and 26 percent of fo…
Founder Of Caldor Dies At Fairfield County Home Founder Of Caldor Dies At Fairfield County Home
Founder Of Caldor Dies At Fairfield County Home Fairfield County entrepreneur, philanthropist, and founder of the Caldor department store chain, Carl Bennett, has died at the age of 101. Bennett died at his home in Greenwich on Thursday, Dec. 23. The Caldor empire came to be while working with his late wife, Dorothy Bennett, who together turned an $8,000 military salary savings into a chain of discount department stores that spanned from the 1950s to the mid-1980s when he sold his 120 store business to Associated Dry Goods. Raised above his father's grocery store located in Greenwich, on Steamboat Road, Bennett Grocers, with his two sis…
COVID-19: CT Sets Date To End Most Capacity Restrictions COVID-19: CT Sets Date To End Most Capacity Restrictions
Covid-19: CT Sets Date To End Most Capacity Restrictions Most COVID-19 capacity restrictions are set to be lifted in Connecticut as part of a regionally-minded approach that is being taken by top lawmakers in the tri-state area. New York Gov. Andrew Cuomo announced early on Monday, May 3 that he had been working with Connecticut Gov. Ned Lamont and New Jersey Gov. Phil Murphy on a plan that will see pandemic-related capacity restrictions largely lifted in all three states as of Wednesday, May 19. Beginning that day, restrictions will be lifted for: Restaurants; Museums; Theaters; Broadway; Retail; Shops; Gyms and fitness centers; Amusement an…
COVID-19: Here's When CT Restaurants, Other Business Can Go Back To Full Capacity COVID-19: Here's When CT Restaurants, Other Business Can Go Back To Full Capacity
Covid-19: Here's When CT Restaurants, Other Business Can Go Back To Full Capacity Some Connecticut restaurants and businesses will be permitted to open up to additional customers and patrons as the state continues its recovery from the latest surge of COVID-19.  Connecticut Gov. Ned Lamont announced on Thursday, March 4 that in the coming weeks, the state will be easing certain restrictions, particularly those relating to capacity levels and travel restrictions. Lamont noted that while some restrictions are being eased, all of the protocols that relate to face coverings, social distancing, and cleaning measures are being maintained. Beginning on Friday, March 19, c…
COVID-19: Some Restrictions In CT Are Being Lifted; Latest Breakdown Of Cases By Community COVID-19: Some Restrictions In CT Are Being Lifted; Latest Breakdown Of Cases By Community
Covid-19: Some Restrictions In CT Are Being Lifted; Latest Breakdown Of Cases By Community Some COVID-19 restrictions in Connecticut are being lifted as the state and region continue recovering from the second wave of the virus’ surge. Connecticut Gov. Ned Lamont announced on Thursday, March 4 that in the coming weeks, the state will be easing certain restrictions, particularly those relating to capacity levels and travel restrictions. Lamont noted that while some restrictions are being eased, all of the protocols that relate to face coverings, social distancing, and cleaning measures are being maintained. Beginning on Friday, March 19, capacity limits will be eliminated for: …
Best Buy To Cut 5,000 Jobs, Close Stores As Customers Shift To Online Purchases Best Buy To Cut 5,000 Jobs, Close Stores As Customers Shift To Online Purchases
Best Buy To Cut 5,000 Jobs, Close Stores As Customers Shift To Online Purchases Best Buy is laying off thousands of workers as the retail giant plans to close some brick-and-mortar stores as the company transitions to focus on its e-commerce business. This week, Best Buy announced that it is laying off 5,000 employees this month with plans to close more stores this year after consumers concentrated on online shopping during the COVID-19 pandemic. According to the company, approximately 40 percent of its sales in the past year came from online purchases, up from 19 percent two years ago, forcing the retailer to transition its business model. While Best Buy laid off 5,0…
Lord & Taylor Closing All Its Stores After Nearly 200 Years In Business Lord & Taylor Closing All Its Stores After Nearly 200 Years In Business
Lord & Taylor Closing All Its Stores After Nearly 200 Years In Business Lord & Taylor, the first department store to be established in the United States, is going out of business, closing all its stores after a 194-year run. Reversing a decision announced last week to keep 14 stores open, the company announced on Thursday, Aug. 27 that all of its 38 remaining stores and website have begun liquidation sales.  Parent company Le Tote had filed for bankruptcy Sunday, Aug. 2. "While we are still entertaining various opportunities, we believe it is prudent to simultaneously put the remainder of the stores into liquidation to maximize value of inv…
Original Ann Taylor's in New Haven Closes - More Closures for Parent Co. Ascena Planned Original Ann Taylor's in New Haven Closes - More Closures for Parent Co. Ascena Planned
Original Ann Taylor's in New Haven Closes - More Closures for Parent Co. Ascena Planned The original Ann Taylor’s in New Haven closed for good on Monday, July 27. The retailers first launched from New Haven in 1954, eventually growing to a women’s clothing store giant. Ann Taylor’s parent company, Ascena, filed for bankruptcy earlier this month. In addition to Ann Taylor, Ascena owns the brands: LOFT, Lane Bryant, Justice, Catherines, Cacique, and Lou & Grey. All of the retailers will continue to operate, though many of its 2,800 stores will be closed, according to Ascena. Catherines is being sold to City Chic. In announcing the bankruptcy filing and restructuring on July…
COVID-19: GNC Files For Bankruptcy, Will Close About 1,200 Stores COVID-19: GNC Files For Bankruptcy, Will Close About 1,200 Stores
Covid-19: GNC Files For Bankruptcy, Will Close About 1,200 Stores General Nutrition Centers (GNC) plans to close upwards of 1,200 stores after filing for bankruptcy amid the novel coronavirus (COVID-19) crisis. The 85-year-old company, which reportedly has been dealing with nearly a billion dollars of debt announced it will be shuttering at least a quarter of its locations as it faces a shortage of customers due to the COVID-19 outbreak. According to GNC, the company “has been executing a store portfolio optimization strategy to close underperforming stores, while continuing to invest in omnichannel and brand strategies to better meet consumer demand." G…
COVID-19: New York City Cleared To Start Phase 2 Of Reopening COVID-19: New York City Cleared To Start Phase 2 Of Reopening
Covid-19: New York City Cleared To Start Phase 2 Of Reopening New York City has been cleared to start Phase 2 of the state's four-phase process of reopening its economy. Phase 2 includes office-based jobs, real estate, barbershops, salons, outdoor dining, and expanded retail services. Gov. Andrew Cuomo announced on Friday, June 19 that New York City had been given clearance by global public health experts to enter Phase Two on Monday, June 21. Office-based jobs include: Professional services; Administrative support; Information technology. Retail: In-store shopping; Rental, repair, and cleaning; Limited service barbershop and hair salons; O…