REAL ESTATE

Gap to open stores in Brazil as part of international expansion program

BY Katherine Boccaccio

San Francisco — Gap Inc. said Tuesday it will open its first stores in Brazil next year as part of its plan to grow its presence and sales internationally.

It will open the first Brazilian stores in Sao Paulo in fall 2013, followed by Rio de Janeiro.

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FINANCE

Dillard’s to settle EEOC suit for $2 million

BY Katherine Boccaccio

Chicago — A report on Tuesday by the U.S. Equal Employment Opportunity Commission revealed that Dillard’s Inc. will pay $2 million to settle a class-action disability discrimination lawsuit.

The department store retailer will also have to “commit to extensive, company-wide injunctive relief,” according to the EEOC.

Dillard’s was accused of having a policy of forcing employees to disclose personal medical information to get approval for sick leave. The EEOC also held that Dillard’s also terminated employees for being out longer than the maximum amount of time they were allowed by the company, a violation of the Americans with Disabilities Act.

The suit dates to 2008 and a federal district court had held the medical-disclosure policy to be discriminatory under the law.

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J.Iris says:
Mar-18-2013 06:14 am

Discrimination is an issue
Discrimination is an issue that companies just can't ignore. This manner is unacceptable and should not be allowed in a working place. - Michael Courouleau

J.Iris says:
Mar-18-2013 06:14 am

Discrimination is an issue that companies just can't ignore. This manner is unacceptable and should not be allowed in a working place. - Michael Courouleau

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FINANCE

Capital One survey: Holiday shoppers buying with cash, debit

BY Katherine Boccaccio

Wilmington, Del. — Survey results released Tuesday by ING Direct – to be rebranded Capital One 360 in 2013 – found that most Americans are purchasing holiday gifts with cash or debit cards this year.

The fourth annual holiday shopping survey found that more than three out of four Americans are purchasing gifts with cash or a debit card this year and more than three out of five (63%) are spending the same on holiday gifts as they did last year.

The survey also found that, as New Year’s resolution time approaches, 70% of Americans ages 18 to 34 say they will start saving more in 2013. Overall, 49% of respondents are going to kick-start savings plans.

"This year’s holiday shopper is taking the smartest approach to gift buying by sticking to what they can afford and positioning themselves for a worry-free start to 2013," said Jim Kelly, head of Direct Bank, Capital One.

According to respondents who are making financial resolutions, 38% plan on investing more for retirement and 33% will reduce or eliminate credit card debt in 2013.

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Apr-04-2013 04:32 pm

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Mar-15-2013 12:04 pm

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Mar-12-2013 02:32 pm

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A.Arif says:
Mar-04-2013 09:45 am

According to respondents who
According to respondents who are making financial resolutions, 38% plan on investing more for retirement and 33% will reduce or eliminate credit card debt in 2013. vans

D.Peyton says:
Dec-19-2012 06:07 am

Great recession has taught
Great recession has taught many of our fellows to save more. Those who are on a tight budget can save more by shopping this holiday season because retailers get the most aggressive during this season. They are offering all sorts of incentives to lure customers away from competitors. One such strategy is price matching, in which a retailer will recognize the advertised costs from other merchants. However, customers need to be cautious and read the "fine print." Read more here: Price matching can save you big, but be careful.

D.Peyton says:
Dec-19-2012 06:07 am

Great recession has taught many of our fellows to save more. Those who are on a tight budget can save more by shopping this holiday season because retailers get the most aggressive during this season. They are offering all sorts of incentives to lure customers away from competitors. One such strategy is price matching, in which a retailer will recognize the advertised costs from other merchants. However, customers need to be cautious and read the "fine print." Read more here: Price matching can save you big, but be careful.

Polls

Consumer confidence is high. Is that reflected in your stores’ revenues?

View Results

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