US retailer

The Body Shop files for bankruptcy, shuts down all US-based stores

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The Body Shop files for bankruptcy, shuts down all US-based stores

The UK-based cosmetics company, The Body Shop, shut down all of its US-based operations and will soon be closing dozens of Canadian store locations after filing for bankruptcy, CNN reported. Earlier this month, The Body Shop, in an official release, announced that its US subsidiary was no longer operational, effective March 1. It further added … Read more

Walmart to scrap quarterly bonuses as it raises wages

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Walmart to scrap quarterly bonuses as it raises wages

Walmart Inc said on Thursday it was phasing out its decades-old quarterly bonuses for store workers as it implements hourly wage raises for employees. The U.S. retailer would scrap the benefit at the end of its fiscal year on Jan. 31, and roll it into associates’ base pay. “The overwhelming majority of our associates say … Read more