The Hurricane Store Launches E-Commerce Site
Davie, Fla., The Hurricane Store has launched an e-commerce boutique for the height of the season that specializes in products specifically chosen for hurricane preparedness. The disaster-relief retailer carries products such as Aquablox water boxes with a five-year shelf life, and HeaterMeals, a military self-heating technology for hot entrees (like lasagna or beef with mashed potatoes) that have up to a two-year shelf life without refrigeration.
The Hurricane Store is the first on-line retailer to offer the SaverKit 72, which is designed to provide the fundamental preparedness needs for 72 hours as specified by the Department of Homeland Security.
The on-line store can be found at www.thehurricanestore.com.
Calif. Raises Minimum Wage to $8
Sacramento, Calif., Gov. Arnold Schwarzenegger and Democratic leaders have agreed to lift the minimum wage in California from $6.75 an hour to $8. The hike, the first since early 2004, will effect the more than 1 million Californians who earn minimum wage and will allow them to receive a nearly 20% pay increase over the next year and a half.
Workers will get a 75? increase Jan. 1 and an additional 50? on Jan. 1, 2008.
The jump to $7.50 on New Year’s Day will make California’s minimum wage the nation’s fourth-highest, following Washington, Oregon and Connecticut. The federal minimum wage is $5.15 an hour.
Borders Posts 2Q Loss
Los Angeles, Borders Group reported a second-quarter net loss of $18.4 million, matching Wall Street estimates, vs. a year-ago net profit of $1.3 million. Comp-store sales for Borders Superstores fell 5.3%, while comps at the Waldenbooks chain fell 12%. Revenue for the quarter fell 4% to $856.0 million.