Malls could take a big hit from coronavirus

Fifty-eight percent of U.S. consumers said they are likely to avoid public spaces such as shopping centers if the coronavirus spreads across the U.S. as expected. Nearly 28 percent of respondents have already cut back on trips to public areas, according to a survey of 1,934 consumers by Coresight Research.

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Bed Bath & Beyond to cut 500 jobs

Bed Bath & Beyond has announced it will cut about 500 jobs, about 10 percent of its workforce, as part of a restructuring plan intended to save the retailer about $85 million annually. We do not take this action lightly but, while difficult, these measured and purposeful steps are necessary,” said Mark Tritton, the chain’s…

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Levi’s introduces paid family leave

Levi Strauss CEO Chip Bergh found it difficult to take care of all his professional and personal duties when he was wife had to travel to China to take care of her ailing parents this fall. “I’m a CEO—I’ve got a massive support system around me. And it was challenging to juggle it all,” he…

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Target associates say higher pay has led to fewer hours

Target, like other retailers, has raised its minimum hourly wage in recent years as a result of a tighter job market and political pressure. Workers at the chain, which is scheduled to increase its hourly minimum to $15 this year, say that pay increases have come with a cut in shift hours and more work…

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