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Crafting Trouble: Joann Declares Bankruptcy For Second Time In Less Than 12 Months Crafting Trouble: Joann Declares Bankruptcy For Second Time In Less Than 12 Months
Crafting Trouble: Joann Declares Bankruptcy For Second Time In Less Than 12 Months Arts and crafts retailer Joann is declaring bankruptcy for the second time in less than a year, officials said. Joann filed for Chapter 11 bankruptcy in a Delaware court, the company said in a news release on Wednesday, Jan. 15. The chain known for sewing and other craft materials said the move will help facilitate a sale to maximize the business's value. Interim CEO Michael Prendergast said the bankruptcy declaration was necessary despite the chain's efforts to drastically improve its financial health. "Since becoming a private company in April [2024], the Board and management team h…

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by Chris Spiker
Business
Brewing Tensions: Starbucks Strike Expands To 9 States Brewing Tensions: Starbucks Strike Expands To 9 States
Brewing Tensions: Starbucks Strike Expands To 9 States A Starbucks workers' strike, which began in select stores, has expanded to nine states as employees push for better wages and working conditions during the holiday rush. The strike, led by Starbucks Workers United, demands higher pay and improved staffing to address what employees describe as chronic understaffing during peak hours.  Workers at dozens of stores in New York, New Jersey, and Pennsylvania joined the strike over the weekend. Starbucks has a total of about 16,000 stores in the US and around 35,000 worldwide. Over the weekend, picket lines formed at high-traffic stores in N…

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by Joe Lombardi
Business
COVID-19: Here's How Much More Target Will Be Permanently Paying Workers COVID-19: Here's How Much More Target Will Be Permanently Paying Workers
Covid-19: Here's How Much More Target Will Be Permanently Paying Workers Target is planning to permanently offer employees an increased hourly wage and additional benefits in appreciation of their work during the novel coronavirus (COVID-19) pandemic. The company announced this week that as of July 5, starting hourly wages will be bumped to $15, and employees will also receive a one-time $200 “recognition bonus” for both full and part-type associates that worked during the outbreak. Brian Cornell, Chairman, and CEO of Target made note that the $15 starting wage is 25 percent higher than the industry average nationwide. “In the best of times, our team brings i…

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by Zak Failla
Business
COVID-19: Grocery Workers Should Be Classified As First Responders, Stop & Shop, Union Say COVID-19: Grocery Workers Should Be Classified As First Responders, Stop & Shop, Union Say
Covid-19: Grocery Workers Should Be Classified As First Responders, Stop & Shop, Union Say Stop & Shop and the United Food and Commercial Workers International Union are calling on federal and state governments to designate associates at grocery stores as “extended first responders” or “emergency personnel.” Stop & Shop and UFCW additionally announced that a 10-percent increase in pay for union hourly store associates would be extended through Saturday, May 30.  Stop & Shop and UFCW first announced the pay increase on Sunday, March 22, along with flexible hours for associates and up to two weeks of additional paid sick leave for associates required to quarantine …

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by Joe Lombardi
Business
COVID-19: Macy's, Bloomingdale's, Nordstrom To Close All Stores COVID-19: Macy's, Bloomingdale's, Nordstrom To Close All Stores
Covid-19: Macy's, Bloomingdale's, Nordstrom To Close All Stores Three of the nation's largest retailers -- Macy's, Bloomingdale's and Nordstrom -- will be closing their stores temporarily due to the spread of the novel strain of the coronavirus (COVID-19). Macy's said it would close all stores, including Bloomingdale's locations, at the end of the business day on Tuesday, March 17 through Tuesday, March 31. That's the same time frame for Nordstrom's scheduled closure. Online stores for all three will stay open.  "The health and safety of our customers, colleagues and communities is our utmost priority," said Jeff Gennette, chairman and chief …

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by Joe Lombardi
Business
Stop & Shop Workers Considering Strike Stop & Shop Workers Considering Strike
Stop & Shop Workers Considering Strike Thousands of Stop & Shop employees could go on strike as their contract with the company expired over the weekend. Members of the United Food and Commercial Workers Local 1445 union “overwhelmingly” voted to authorize a potential strike as they continue negotiating with Stop & Shop officials. The workers voted on Sunday morning that they are prepared to strike if they don’t receive a new contract with the company. The negotiations largely hinge on health insurance, pensions, vacation time and other benefits, with the union claiming that Stop & Shop is “looking to degrade the qua…

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by Zak Failla