Author: Matthew Boyle
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Wal-Mart raises hourly wage to $11 in wake of tax overhaul
Wal-Mart Stores is boosting its starting hourly wage to $11 and delivering bonuses to employees, capitalizing on the U.S. tax overhaul to stay competitive in a tightening labor market. The increase takes effect next month and will cost $300 million on top of annual wage hikes that were already planned, the world’s largest retailer said…
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With expectations low, retailers see victory on Black Friday
Brick-and-mortar retailers did enough things right on Black Friday to consider the event a success, even if the crowds of past years haven’t returned. Chains simplified promotions this year and took a keener eye to managing their inventory. At Wal-Mart , color-coded maps helped shoppers navigate the aisles. Retailers also made headway with their e-commerce…