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Newspaper
Cedar Rapids Gazette
Location
Cedar Rapids, Iowa, United States of America
Date
Aug 25, 2017
Page
10
Sears Holdings Corp will close 28 additional Kmart stores, mostly mid November, with liquidation sales possible by month end. Iowa has no affected locations. Eligible employees receive severance and can apply for other Sears or Kmart roles as the firm trims stores to align with demand.
The piece profiles Laura Millikan and a broader labor market scene showing many workers juggling multiple low wage jobs. It notes that half of US jobs pay under 18 dollars an hour, wages rose slowly, and manufacturing pay averages above that, with economists debating true wage growth and labor market tightness.
Amazon outlines rapid integration after $13.7 billion deal. It will lower prices on staples at Whole Foods and link Prime benefits, replace the loyalty program, and sell 365 Everyday Value on Amazon. Locker pickups, delivery options, and store reuse under Amazon’s consumer unit are planned while keeping John Mackey as CEO.
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