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HCN Stock Watch: UFPI bursts forth

BY HBSDEALER Staff

Stanley (SWK) leveled off some from the previous day’s 14-point decline to a negative 3.10%. Universal Forest Products (UFPI) was up a robust 9.76%.

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NRF on shutdown deal: A relief, but not a solution

BY HBSDEALER Staff

The National Retail Federation (NRF) has followed up its previous statements regarding the government shutdown with a critique of the bipartisan deal reached late last night by the Senate and the House.

“While there is some satisfaction at achieving a deal, today’s agreement between the House and Senate merely ensures more opportunities to continue the debate while avoiding tough decisions about our economic future," said NRF president and CEO Matthew Shay.

“As we head into the holiday shopping season, retailers and consumers need stability and certainty from policymakers in Washington and assurance that the economy will not implode due to their actions or more important, lack thereof. This new norm of legislating from crisis to crisis is no way to govern."

"Our economic recovery is retail-led and consumer-driven, and political leaders on both ends of Pennsylvania Avenue need to stop undermining consumer confidence with partisan posturing. When consumers cut back their spending, it threatens jobs in every industry. If it’s bad for retail, it’s bad for the economy, and ultimately the biggest losers are American taxpayers."

“Today’s decision will provide some breathing room for legislators to negotiate and compromise, but it is not a solution to our long-term economic or fiscal challenges," Shay concluded.

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Sears Canada deemed a top employer for young people

BY HBSDEALER Staff

Sears Canada made it on the list of "Canada’s Top Employers for Young People," published by Canada’s Top 100 Employers.

"Our company takes pride in putting practices in place that work to provide an environment which makes Sears a great place to work and we thank the editors of Canada’s Top 100 Employers project for recognizing our commitment to young Canadians," said Doug Campbell, Sears Canada president and CEO. "We are also proud to be a leader in Canada helping recent graduates create a long-term, potentially lifelong career, and we are pleased that Sears attracts young people to join our organization."

According to Sam Pisani, VP human resources at Sears Canada, the retailer is investing in programs that directly promote career opportunities for young Canadians. Additionally, the company offers paid internships, as well as the Sears Future Leaders and Analyst-In-Training program (AIT).

Campbell has been at the helm of the company only briefly, as former CEO Calvin McDonald departed suddenly about a month ago over alleged disputes at the executive level, where turnover has been frequent for the struggling retailer.

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