Readers Respond to living-wage bill
The mayor of Washington, D.C., is considering a proposal that hike the miminum wage in the district for big retailers.
The plan calls for a $12.50 minimum wage – well above the current $8.25 – for employees of companies with $1 billion or more in sales and stores measuring at least 75,000 square feet.
Here’s how HCN readers weighed in:
• “I would wager most independents are paying close to if not more than this now for their frontline people. It would be an interesting comparison.”
• “Electing people that insist on incredible largess seems to be the trend these days. Wages are a function of the marketplace, not government. If enacted, how will this added burden on brick & mortar retailers affect the consumer’s desire to purchase more products from online sellers, who are unencumbered by the added cost?”
— Michael Slauson
• “I have always felt that wages should be based on mutual agreement between employer and employee — not mandated by an enforced “minimums” structure.”
Crossman recalls air pistols
Certain models of Crossman semi-automatic stle air pistols are being recalled because the pistols can explode at high temperatures.
There have been no injuries reported, but according to a release from the Consumer Products Safety Commission, the Crossman air pistols caould explode, propelling the pistol’s broken pieces into the air. The product poses a risk of eye and other injuries, according to the voluntary recall announcement.
The air pistoals were sold at sporting goods stores, mass merchants and other stores nationwide from November 2012 through June 2013 for about $45 to $60.
The pistols were made in Taiwan and imported by Crossman Corp. of Bloomfield, N.Y.
The recall applies to pistols with model numbers C21, C31 and 9-C31BRM with serial numbers beginning with 12J, 12K, 12L, 12M, 13A, 13B or 13C.
Frank Blake visits Wall Street
From the floor of the New York Stock Exchange and in an interview with CNBC, The Home Depot CEO Frank Blake said “it’s great to see the start of the recovery.”
Blake was in New York to promote Home Depot Foundation’s Celebration of Service campaign that runs from Sept. 11 through Veterans Day. He said in the interview that Home Depot has committed more than $80 million over five years to help veterans in need.
Blake also celebrated the company’s “best quarter in 20 years.” Home Depot reported double-digit sales increase in the second quarter, the first time since 1999.
Other highlights from the interview:
• Pro customers, who were the hardest hit from the housing downturn, are starting to come back he said. Credit availability was the key factor affecting pro customers, but “it has now started to recover,” Blake said. In the first quarter of 2013, Home Depot’s pro segment grew faster than its consumer segment. In the second quarter, pros and consumers grew at about the same pace.
• Addressing the company’s withdrawal from Chinese retailing, Blake said, “We didn’t have the right answer for the Chinese market.” He added: “We’re a North American business.” He noted the company’s Mexico division, which has more than 100 stores and 39 consecutive quarters of positive comps.
• Home Depot is no longer interested in large rollouts of new stores, he said. The company is opening two stores in the U.S. this year – in Puerto Rico and in North Dakota.