Amazon workers affiliated with the Teamsters union continued a strike Friday at seven of the company’s delivery hubs just days before Christmas. At midnight on Saturday, workers at a prominent unionized warehouse in New York will also join, the Teamsters said. However, the union has not indicated how many employees were participating in any of the walkouts … Read more
Macy’s needs to reignite its creativity by featuring more exciting products in stores and hosting engaging events to attract younger generations back, according to activist investor Barington Capital. Those are just two of several changes the activist investor says are necessary to turn around Macy’s, which once established itself as a premier department store but … Read more
Walmart employees have begun to wear body cameras as concerns about crime and shoplifting are on the rise. The Arkansas-based retail giant recently began a pilot test involving multiple stores in the Dallas area to address confrontations with unruly customers, a person familiar with the initiative told The Post. “While we don’t talk about the … Read more
Shrugging off speculation that the Ladies’ Mile shopping corridor was losing its juice, Burlington Coat Factory is doubling its space by moving to 620 Sixth Ave., the 1896-vintage, cast-iron building that’s one of the most iconic structures on the avenue between West 14th and West 23rd streets. The clothier signed for just under 80,000 square feet, … Read more
Lord & Taylor, America’s oldest department store chain, is making a comeback with an old logo, new owners and a new vision. The iconic company, established in 1826 and with a long history in fashion, shuttered its brick-and-mortar stores in 2021 after years of financial hardship exacerbated by the pandemic. An e-commerce reboot also failed. … Read more
The party may be winding down. Party City is planning to file for its second bankruptcy in nearly two years as the company’s sales figures continue to struggle, according to a report. The New Jersey-based party supply and craft retailer is behind on rent in some of its 850 locations across the US, Bloomberg News reported … Read more
Black Friday spending in US retail stores was muted this year in contrast to a more robust rise online, as bargain-hungry Americans skipped stores in favor of their phones and laptops, according to data from Mastercard and other data providers. Sales at brick-and-mortar stores grew just 0.7% year-over-year, according to preliminary estimates by payments processor Mastercard, … Read more
“Black Friday” got a whole new meaning on Wall Street, as stocks closed at fresh records on optimism about the US economy under the incoming Trump administration. Major stock indexes ended November by recording their largest monthly gains of the year. The Dow rose nearly 200 points – or 0.42% – close at a record … Read more
Walmart is making a slate of changes to its diversity, equity and inclusion (DEI) policies, becoming the latest in a growing list of major corporations to halt the so-called “woke” initiatives. Anti-woke activist and filmmaker Robby Starbuck, who has been leading a campaign exposing major corporations’ woke policies, said on X on Monday that he warned Walmart … Read more
The cost of a BJ’s Wholesale Club membership will get pricier in January. The company plans to raise its standard membership for its warehouse stores to $60 per year and its premium Club+ membership to $120 beginning Jan. 1, BJ’s Wholesale said Thursday. Those hikes — the first in seven years — represent increases of $5 and … Read more
