Industry: Retail
Feb. 2, 2015
In an open letter, the owners Alan Beatts and Jude Feldman explain that they can't pay San Francisco's new $15 minimum wage (a minimum wage that they support). That increase will raise their payroll costs by 39% and their overall costs by 18% -- and since they can't raise the cost of their books (because they're pre-priced, and retail priced books are already a tough sell in the age of Amazon), the only way they could cover the increase would be to stop paying themselves, or fire almost everyone and work insane hours. The cafe attached the store will stay open for the foreseeable, since those prices are flexible and can be raised to account for their increased overheads.
Jan. 25, 2015
This comes when egg demand is growing, in part because soaring meat prices have caused Americans to turn to other foods. Per capita consumption is expected to reach more than 260 eggs this year, the highest since 1983, according to the USDA. The poorest consumers have been hit hardest by the price spike because eggs have traditionally been a cheap source of protein.
Jan. 14, 2015
Sales at retailers and restaurants decreased a seasonally adjusted 0.9% in December from a month earlier, the Commerce Department said Wednesday. But that drop, the largest since last January, likely overstates the severity of the pullback. Some economists blamed technical factors such as seasonal adjustments, warning about potential revisions to the data or a rebound in coming months.
Nov. 18, 2014
Mar's ordinance requires businesses to pay employees for four hours if an employee is either on-call or sent home early, and mandates businesses to offer extra hours to part-time workers before hiring new employees. Chiu's legislation calls on formula retail stores to post employees' schedules 14 days in advance, give workers extra pay for changing a schedule at the last minute, and allow the same access to requests for time off and particular work schedules to part-time workers that they do for full-time employees.
Aug. 15, 2014
The association said California car and light truck sales improved 7.3 percent in the first six months of 2014. That compared with a 5.4 percent increase nationwide.
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