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Scooped by Deb Nystrom, REVELN
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Competitiveness Talks: Walmart plans to give raises to 40% of its workers

Competitiveness Talks:  Walmart plans to give raises to 40% of its workers | Change Leadership Watch | Scoop.it
Walmart is planning to give 40% of its employees pay raises.

 

As part of its biggest investment in worker training and pay ever, Walmart told The Associated Press that within the next six months it will give raises to about 500,000 workers, or nearly 40% of its 1.3 million U.S. employees.

Walmart follows other retailers that have boosted hourly pay recently, but because it's the nation's largest private employer, the impact of its move will be more closely watched.
 

...At the same time, competition for retail workers is becoming increasingly stiff. As shoppers get more mobile savvy, retailers are seeking sales staff that's more skilled at customer service. But in the improving economy, the most desirable retail workers feel more confident in hopping from job to job.

   

Wal-Mart's plans [include]:
    

  • [Raise] entry level wages to at least $9 an hour in April and to at least $10 an hour by February of next year. ...Sam's Club locations will offer a starting hourly wage of at least $9.50 or higher in all markets, and at least $10.50 by next year.
         

  • Raise the floor and ceiling of its pay range for each position in most stores. For example, the pay range for cashiers is $7.65 to $16. The new range will be $9.00 to $17.55.
          

  • Raise the starting wage for some department managers to at least $13 an hour by this summer and at least $15 an hour by early next year. 

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Deb Nystrom, REVELN's insight:

From the article, it sounds like Walmart, the organization that is so huge, it impacts the entire US economy, is open to advice from their advisers.  Those include Ed Lazear, a Stanford University economics professor, who said, "It's positioning itself to be competitive."  "This is a step in the right direction."
  
So they help their poor image and become more competitive, as the labor market rebounds.   ~  Deb

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Retail Revolution: Change, We Ain't Seen Nothing Yet

Retail Revolution: Change, We Ain't Seen Nothing Yet | Change Leadership Watch | Scoop.it

Explosive change in E-commerce that the veterans didn't see coming.


At a massive "Super Session" at the 2012  National Retail Federation "Big Show." panelists Jennifer Hyman of Rent, The Runway and Doug Mack of One Kings Lane made one thing clear:


E-commerce business models have not matured.  Nay, we are witnessing a veritable explosion of new ones.


Powered by local, mobile, and social media, online retail is becoming something that no long-time NRF member might reasonably have anticipated.

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Denmark's New Female Billionaire Goes with the Success of ECCO Shoes

Denmark's New Female Billionaire Goes with the Success of ECCO Shoes | Change Leadership Watch | Scoop.it
Hanni Toosbuy Kasprzak makes her debut among the world's richest, nearly 50 years after her father first started making shoes.


The story began nearly a half century ago. That’s when Hanni's father, Karl Toosbuy, gave up his secure job managing a shoe factory in Copenhagen to strike out on his own.


He had a clear vision, namely to make functional, comfortable shoes designed to fit the foot.


Toosbuy turned that simple idea into global shoe brand Ecco. He died in 2004 but his legend lives on in his company, thanks largely to his daughter, who is chairman and owner of Ecco

Deb Nystrom, REVELN's insight:

I was at one of the Ecco stores at the Venetian in Las Vegas this April.  It's easy to see why the Ecco brand has enjoyed such solid growth despite the economic downturn.  ~  D

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