NRF on shutdown deal: A relief, but not a solution
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.
Sears Canada deemed a top employer for young people
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.
Lowe’s gives green light for natural gas-powered truck fleet
Lowe’s is transitioning from diesel-fueled transport by launching a fleet of natural gas-powered trucks at its regional distribution center in Mount Vernon, Texas. The dedicated fleet will be among the first of its kind in North America, running solely on natural gas.
"The transition to an NG-powered fleet was a natural step for Lowe’s because of the economic and environmental benefits of natural gas," said Steve Palmer, Lowe’s VP transportation. "Given the amount of natural gas that’s available domestically, broadly utilizing natural gas will give us an opportunity to better control our transportation fuel costs in the coming years. Our goal is to replace all of our diesel-powered dedicated fleets with natural gas trucks by the end of 2017."
The move is expected to reduce greenhouse gas emissions by approximately 20% and control fuel costs via its 68-per-day truckloads to stores in the area.
Lowe’s began using liquefied natural gas (LNG) to fuel its trucks last year at its Kissimmee, Fla. distribution center.