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2014/11/22

Costco isn't the only store closed on Thanksgiving day

By Gregory Wallace



Once upon a time, you could eat Thanksgiving dinner without worrying whether you might miss a doorbuster deal.

But in the last couple of years, stores have been falling over each other to offer Black Friday sales on Thursday itself, opening their doors before many people are even done with their turkey.
Now, some stores are saying enough.
GameStop (GME) and Nordstrom (JWN) joined Costco (COST) in deciding they will remain closed on Thursday and open for Black Friday on, well, Friday.
Costco said its employees "deserve the opportunity to spend Thanksgiving with their families."
Macy's (M) is still opening at 6 p.m. on Thursday, continuing its recent tradition. And rivalKohl's (KSS) will do the same this year.
Last year, Thanksgiving sales started between 5 and 8 p.m. on Thursday at most major retailers. The nation's largest retailer Walmart (WMT) started its sales at 6 p.m.
Kmart opened its doors at 6 a.m. on Thanksgiving day and didn't close even for a few hours for the traditional dinner time, like other stores.
The retailers were criticized on social media and some people launched online petitions against taking away Thanksgiving dinner from store workers.
Readers who commented on CNNMoney's coverage of Costco largely applauded its decision:
costco tmac john
But people who say they've worked in stores had a mixed reaction. Some said working the holiday came with perks, and others were eager for the chance to work.
costco torrent allisonfaye

What It's Like To Raise 2 Kids Making $600 A Month At McDonald's

Delores Leonard is raising two daughters on less than $600 in monthly income.
The 28-year-old mother has been working at a McDonald's restaurant in Chicago for seven years.
But she has never made more than $8.25 an hour, which is the minimum wage in Chicago.
She's one of thousands of fast food employees who have taken part in a recent wave of protests for better pay and working conditions. 
Most fast food workers make less than $8 an hour, according to the Service Employees International Union.
Reuters photographer Jim Young spent a day with Leonard to see how she lives on minumum wage. 

Delores Leonard's day begins before dawn. She feeds breakfast to her daughters, Erin and Emmarie, and gets them ready for school.

Delores Leonard's day begins before dawn. She feeds breakfast to her daughters, Erin and Emmarie, and gets them ready for school.
Reuters

The 28-year-old single mother looks exhausted as she helps her daughter Erin, 6, with her homework at the breakfast table.

The 28-year-old single mother looks exhausted as she helps her daughter Erin, 6, with her homework at the breakfast table.
Reuters

The family of three shares this small apartment in Chicago.

The family of three shares this small apartment in Chicago.
Reuters

After breakfast, Leonard dresses for work and walks her daughters to school.

After breakfast, Leonard dresses for work and walks her daughters to school.
Reuters

During their walk, she shows Erin how to make a heart symbol with her hands.

During their walk, she shows Erin how to make a heart symbol with her hands.
Reuters

Leonard makes about $600 a month, or $7,200 annually. The federal poverty guideline is $19,790 for a family of three.

Leonard makes about $600 a month, or $7,200 annually. The federal poverty guideline is $19,790 for a family of three.
Reuters

"I work so hard and it’s still like I’m struggling," she told Bloomberg in an interview in September.

She kisses her daughter goodbye as she drops her off at school.

She kisses her daughter goodbye as she drops her off at school.
Reuters

Then she boards the first of two buses that take her to work. Her commute lasts about an hour.

Then she boards the first of two buses that take her to work. Her commute lasts about an hour.
Reuters

She has worked at a McDonald's in Chicago's Hyde Park neighborhood for the last seven years. But she has never gotten a raise.

She has worked at a McDonald's in Chicago's Hyde Park neighborhood for the last seven years. But she has never gotten a raise.
Reuters

Leonard rotates between working the cash register and the drive-through window.

Leonard rotates between working the cash register and the drive-through window.
Reuters

After her shift, she waits for a bus to take her home. "I work so hard and it’s still like I’m struggling," she told Bloomberg in an interview in September.

After her shift, she waits for a bus to take her home. "I work so hard and it’s still like I’m struggling," she told Bloomberg in an interview in September.
Reuters

She stops by the grocery store and gets some help from food stamps at the checkout. She limits her purchases to what she can carry, since she doesn't have a car.

She stops by the grocery store and gets some help from food stamps at the checkout. She limits her purchases to what she can carry, since she doesn't have a car.
Reuters

Then she boards another bus home.

Then she boards another bus home.
Reuters

Here's a look at Leonard's paycheck, which comes to a total of $292.52 for two weeks of work.

Here's a look at Leonard's paycheck, which comes to a total of $292.52 for two weeks of work.
Reuters

After her daughters return from school, Leonard cooks a meal of pasta and salad.

After her daughters return from school, Leonard cooks a meal of pasta and salad.
Reuters

While her daughters eat, she reads them a story at the dinner table.

While her daughters eat, she reads them a story at the dinner table.
Reuters

Then she gets them ready for bed, before their routine begins again the next day.

Then she gets them ready for bed, before their routine begins again the next day.
Reuters


Read more: http://www.businessinsider.com/what-its-like-to-raise-kids-on-mcdonalds-income-2014-11?op=1#ixzz3Jo932Lpf

Nike Just Launched A Direct Threat To Lululemon

Nike womens storeNike
Nike is trying to win over women with a store designed just for them.
The first location opened this week in Newport Beach, California and it has all the trappings of a Lululemon store and more, including a fitness studio, footwear trials, and bra fitting and pant hemming services.
The 6,000-square-foot store will offer yoga classes in the studio, pictured below, as well as running and training clubs, the company says.
Nike womens storeNike
It will also carry casual sportswear, in addition to activewear, that could be worn outside the gym, Bloomberg reports.
"Our women’s business has never been stronger and this new store is the ultimate expression of our commitment to women who run, train and live the look of sport and fitness throughout their day," Amy Montagne, the vice president of Nike Women, said in a statement.
Lululemon started offering yoga classes and pant-hemming services in its stores years ago. Those services have been credited with helping the brand gain the loyal following that led to several years of double-digit sales growth.
But following a string of issues that started with the company's recall last year of its Luon pants for being see-through, Lululemon has suffered from an exodus of its once-loyal fans, according to analysts at Sterne Agee.
Nike womens storeNike
"Many customers have left [Lululemon] and it's hard to get them back, especially given the focus on the women's active apparel business from brands such as Nike and Under Armour, and retailers such as Athleta, Sweaty Betty, Victoria's Secret, and others which have bitten into LULU," Sterne Agee analyst Sam Poser wrote in a recent research note.
Nike expects its women's business to grow faster than its men's business, from $5 billion at the end of this fiscal year to $7 billion by 2017, according to Bloomberg. The company will open a second women's-only store in Shanghai at the end of the month.
Nike's new women's-only stores come as rival Under Armour is investing heavily in its female business. 
Under Armour, which recently surpassed Adidas to become the second biggest sportswear brand in the US, launched its largest-ever global women's marketing campaign earlier this year and signed deals with supermodel Gisele Bundchen and ballerina Misty Copeland.
Nike womens storeNike
The Baltimore-based company has grown rapidly over the last 18 years. When it was founded in 1996, it had $17,000 in revenue. This year, it's expected to bring in $3.03 billion.
That's still only a fraction of Nike's sales, which are expected to total $28 billion this year.
Nike vs Under ArmourBusinessInsider.com


Read more: http://www.businessinsider.com/nike-just-launched-a-threat-to-lululemon-2014-11#ixzz3Jo8bsQzh

The Surprising Facts About Who Shops Online And On Mobile

In the first quarter of 2014, 198 million U.S. consumers bought something online, according to comScore's quarterly State Of Retail report. That translates to 78% of the U.S. population age 15 and above. 
But who are these shoppers driving the trend of buying online and on mobile devices? 
It's important for retailers to know who their potential customers are online in order to market to them effectively. 
Here are some of the most important takeaways about who shops online:
In full, the report:
For full access to all BI Intelligence's reports, charts, and newsletters covering the e-commerce industry, sign up and get started. 


Read more: http://www.businessinsider.com/the-surprising-demographics-of-who-shops-online-and-on-mobile-2014-6#ixzz3Jo87ClM1

Sears' Former World Headquarters Is Now In Ruins

These buildings were the headquarters of Sears, Roebuck and Co., America's greatest retailer for seven decades.
Sears tested its products and printed the famous catalog in the complex just outside Chicago.
But in 1974, the company moved to the Sears Tower and these buildings were left deserted for 30 years. In that time, Sears went from being on top of the world to being one of the most distressed American brands. 
While developers used some of the site to build the Homan Square area in Chicago, some buildings still remained empty and are considered historical landmarks. 
Local photographer Martin Gonzalez took eerie photographs from inside the old headquarters. Despite the decay, many signs of the office life remain. 

The old Sears towers are just outside Chicago.

The grounds are unkempt and deserted.

The complex is located on Homan Avenue just outside Chicago.

The old Sears headquarters hasn't been occupied since 1974.

The office is now totally falling apart.

Here's the view of Chicago seen from one of the rooms. The window has been knocked out.

These halls used to house thousands of employees.

This old newspaper article about Sears is still there.

The hallways are empty and deserted.

Here's the old punch clock where employees recorded their shifts.

The old fluorescent lights are rusted over.

Here's a stairway, with the old signage intact.

These orange office chairs are very 70's.

People used to come to Chicago to tour the building.

Parts of the complex are marked as historical landmarks. Others will be developed into condos.

The roof is decaying.

Here's the women's restroom.

The ceilings are decayed.

Thousands of people used to work in the complex.

The old office furniture is still there and intact.

Here's a map of the floor showing fire exits.

The old elevators still stand.

These fire escape signs look vintage.

Here's the old paint factory, now covered in graffiti.

Here's an old chair with some employee literature.



Read more: http://www.businessinsider.com/photos-of-the-decaying-sears-headquarters-2014-11?op=1#ixzz3Jo7i5rnF