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Retail Industry

18K+ Costco Workers Approve Strike Over Wholesaler's 'Greed': 'We Are The Backbone' 18K+ Costco Workers Approve Strike Over Wholesaler's 'Greed': 'We Are The Backbone'
18K+ Costco Workers Approve Strike Over Wholesaler's 'Greed': 'We Are The Backbone' Workers at America's largest wholesale retailer may soon go on strike as the corporation has seen profits skyrocket in recent years, union officials said. Costco workers nationwide voted by an overwhelming 85-percent margin to authorize a strike, the International Brotherhood of Teamsters said in a news release on Monday, Jan. 20. The Teamsters cited the retail giant's dramatic surge in net profits and refusal to offer a fair contract. More than 18,000 union-member employees are set to strike if a new agreement isn't reached by the time the current one expires on Friday, Jan.…
Macy’s Closing 4 PA Locations Including Wanamaker Center City Philly Store Macy’s Closing 4 PA Locations Including Wanamaker Center City Philly Store
Macy’s Closing 4 PA Locations Including Wanamaker Center City Philly Store Macy’s, Inc. confirmed Thursday, Jan. 9, that its Center City Philadelphia store in the historic Wanamaker building will close, along with three other Pennsylvania locations, as part of the company's nationwide "Bold New Chapter" strategy. The Wanamaker building store at 1300 Market Street will shut its doors permanently, along with Macy’s locations at: Logan Valley Mall Exton Square Mall Wyoming Valley Mall These closures are part of Macy’s plan to eliminate 150 "underproductive stores" over three years, allowing the retailer to focus resources on 350 "go-forward" locations nationwide, …
400+ REI Employees Laid Off, Outdoor Retailer Ends Adventure Travel Program 400+ REI Employees Laid Off, Outdoor Retailer Ends Adventure Travel Program
400+ REI Employees Laid Off, Outdoor Retailer Ends Adventure Travel Program More than 400 employees will lose their jobs as REI closes its Experiences program, ending the adventure travel and outdoor education programs that have been part of the retailer’s identity for 40 years. REI announced the shutdown of its Experiences division in a news release on Wednesday, Jan. 8. The decision will result in 438 layoffs for 180 full-time employees and 248 part-time guides as the company shifts focus to its core business. The retail chain cited ongoing financial challenges as the reason for ending the program. Experiences included adventure travel, day to…