H&M stores are facing a violent backlash for recently running a racist ad by placing a young African American child in a hoodie that had the words ‘coolest monkey in the jungle’ screen printed on the front.
In an era of super sensitive feeling and hyperactive political correctness, I’m not sure how H&M managed to miss this.
According to this Bloomberg report Walmart will allow employees access to early pay….How nice of them.
Wal-Mart Stores Inc., working with two financial-technology startups, will allow its 1.5 million-strong U.S. workforce to draw on their salary ahead of payday — or squirrel some of it away for a rainy day.
Like most big cities Baltimore, Maryland is plagued by incompetent leadership. Mayor Catherine Pugh is an amateur to put it fairly, and she has no business holding an elected office. Her most significant accomplishment to date is removing hundred-year-old statues to satisfy the vicious hunger of social justice vultures. In the meantime, Baltimore, the city she was elected to lead has succumbed to a cesspool of criminals, and it has fallen victim to a murder rate that makes Chicago look safe.
More bad news for ESPN. According to this Washington Post report, 150 employees will lose their jobs as cable subscriptions dwindle.
ESPN announced Wednesday that it is laying off approximately 150 employees, the network’s third round of job cuts over the past two-plus years.
Faced with a declining subscriber base and increasing sports-rights costs, ESPN laid off around 300 employees — many of them working behind the scenes — in October 2015. Then, in April, the network cut roughly 100 jobs, with the reductions coming from ESPN’s stable of on-air talent and online journalists. The round of layoffs announced Wednesday will affect employees “in studio production, digital content, and technology and they generally reflect decisions to do less in certain instances and re-direct resources,” ESPN President John Skipper announced in a memo to network employees.
“We appreciate their contributions, and will assist them as much as possible in this difficult moment with severance, a 2017 bonus, the continuation of health benefits and outplacement services. They will also appreciate your support,” Skipper wrote.
The 150 layoffs is a larger number than expected by most observers, but it still reflects a small fraction of the network’s reported 8,000 employees. On-camera talent was spared from this recent round of cuts, but Sports Illustrated’s Richard Deitsch reports that the network will continue to reduce costs by not re-signing “SportsCenter” anchors whose contracts are coming up in the next 12 months.
More bad news for retail. According to this CNBC report Footwear maker Aerosoles has filed for bankruptcy citing falling foot traffic and the shift towards online shopping.
Women’s shoe chain Aerosoles filed for Chapter 11 bankruptcy protection on Friday with a plan to close most of its stores and focus on its wholesale, e-commerce and international businesses, becoming the latest casualty in the struggling U.S. retail sector.
Aerosoles, formally known as Aero, blamed its bankruptcy on declining mall traffic, big industry wide markdowns and a shift toward online shopping, according to a court filing.
At least a dozen retailers selling apparel, electronics and discount shoes have filed for bankruptcy this year to slash their store count and better compete with e-commerce companies such as Amazon.
Edison, New Jersey-based Aerosoles said it would close 95 percent of its 78 stores while maintaining four flagship shops in New York and its home state. Known for its comfortable flats and wedges, it will continue to sell its shoes online and at other retailers and department stores.
Michigan based Chemical Bank has announced hundreds of layoffs according to this WNEM report, at least 38 branches are expected to close by the end of the fourth quarter.
Chemical Financial Corporation has announced plans to cut seven percent of its employees and close dozens of branches following its recent merger.
The information became available through a filing with the United States Securities and Exchange Commission.
Impacted staff have been notified, and all layoffs are expected to be complete by Sept. 30.
Across both Michigan and Ohio, Chemical Bank employees 3,500 employees. The 7 percent reduction means that 230 people will lose their jobs, most of them in Michigan, according to Chemical Bank CFO Dennis Klaeser.
By the end of the fourth quarter, the bank plans to have closed at least 38 branches. Some of those branches will have business transferred to the closest available branch.
According to the filing, annualized cost savings from the restructuring initiative are expected to be approximately $20 million.
Midland-based Chemical merged with Talmer Bank, headquartered in Troy, in 2016; making it the largest Michigan-based bank.
CVS has announced the roll out of 25 job killing vending machines, or as CVS likes to call them, ‘health and wellness machines’ down the east coast.
According to a press release via their website, CVS will strategically place vending machines in airports, hotels and other transportation hubs, throughout New England and New York. Capitalistically speaking this means that CVS will only put vending machines in areas they know they can charge a 500% markup. Nothing is ever about making things more accessible or convenient for the customer; it’s all about ripping you off.
To make it even worse, CVS has branded them ‘health and wellness machines’ which is laughable at best. According to their press release, they will be stocked full of:
Home and office essentials such as batteries, phone chargers, earbuds, lint rollers and stain removal sticks. (plastic junk made in China that will fall apart after a few uses )
Sadly, CVS hasn’t figured out what the world wellness means. Wellness doesn’t come in the form of a pill and most certainly doesn’t come in the form of vending machine snacks. If CVS wants to be a game changer and make a positive impact on your health they will introduce vending machines that offer 100% organic cancer-fighting juices or smoothies, top quality supplements that aren’t full of fillers and toxins. Better yet they could provide organic fruit and vegetables. Unfortunately, CVS isn’t in the wellness business; they’re in the business of profiting off your sickness. Just look at how many CVS MinuteClinics are scattered throughout your community.