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Archiv pro měsíc: Září 2019

Forever 21 Fashion Chain Files for Chapter 11 Bankruptcy

(NEW YORK) — Low-price fashion chain Forever 21, a one-time hot destination for teen shoppers that fell victim to its own rapid expansion and changing consumer tastes, has filed for Chapter 11 bankruptcy protection.

The privately held company based in Los Angeles said Sunday it will close up to 178 stores in the U.S. As of the bankruptcy filing, the company operated about 800 stores globally, including more than 500 stores in the U.S.

The company said it would focus on maximizing the value of its U.S. stores and shutter certain international locations. Forever 21 plans to close most of its locations in Asia and Europe but will continue operating in Mexico and Latin America.

“The decisions as to which domestic stores will be closing are ongoing, pending the outcome of continued conversations with landlords,” it said in the statement. “We do, however, expect a significant number of these stores will remain open and operate as usual, and we do not expect to exit any major markets in th..

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Tesla and Elon Musk’s Tweet Violated Labor Laws Protecting Unions, Judge Rules

Tesla’s treatment of workers organizing a union in California broke U.S. labor laws, a California judge ruled on Friday.

Judge Amita Tracy ordered the company to cease and desist a litany of actions against company employees, including a rule that blocks off-duty employees from handing out union literature and interrogating employees about union activities. She also order the company to reinstate a union employee who had been fired and to compensate him for his lost pay.

The case was filed in April 2017 by several workers at Tesla Fremont, California facility, as well as the international United Automobile Workers (UAW) union. According to court documents, the workers had raised concerns about safety at Tesla facilities, below-market wages and long working hours.

According to a post-hearing brief by lawyers representing Tesla workers and UAW, Tesla had threatened unionizing employees and restricted their right to speak for themselves.

“A company that prides itself as representing t..

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You Could Get $200 If Your Rent the Runway Outfit Showed Up Late (Or Not At All) Because of a Glitch

(Bloomberg) –– Fashion rental service Rent the Runway is refunding and giving out extra cash to disgruntled customers even as it warned that the service disruptions that have plagued the startup for weeks are likely to continue.

“We know we have broken complete customer trust by not delivering their orders on time,” Chief Executive Officer Jennifer Hyman said in a phone interview Thursday evening.

She said Rent the Runway will issue refunds as well as give an additional $200 in cash to customers who have had their orders canceled due to the supply chain problems. “To repair that trust, we didn’t feel it was right to offer credit to Rent the Runway,” she said.

Complaints about outfits that didn’t show up on time or never arrived have plagued the clothing subscription service over the past few weeks. Hundreds of customers have expressed their dissatisfaction with both Rent the Runway’s special event service — where customers take out designer outfits for formal occasions — and its eve..

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Yes, America Is Rigged. Here Is What I Learned From Reporting on Koch Industries

The election season of 2015 and 2016 was defined by chaos, infighting and a pool of deep resentment that came boiling over when votes were cast. But this election was barely noticed. It happened on February 17, 2016, in a rundown labor union hall in Portland, Oregon. Union members were voting on a new contract with their employer, Koch Industries. The union members felt powerless, cornered, and betrayed by their own leaders. The things that enraged them were probably recognizable to anyone who earns a paycheck in America today. Their jobs making wood and paper products for a division called Georgia Pacific had become downright dangerous, with spikes in injuries and even deaths. They were being paid less, after adjusting for inflation, than they were paid in the 1980s. Maybe most enraging, they had no leverage to bargain for a better deal. Steve Hammond, one of the labor union’s top negotiators, had fought for years to get higher pay and better working conditions. And for years, he was ..

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