FINANCE

Michaels Stores Posts 3Q Sales Gain

BY CSA STAFF

Irving, Texas, Michaels Stores Inc. grew its sales by 5% to $839.7 million in the third quarter. The improvement was supported by same-store sales growth of 0.8%.

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News

Kroger Trying to Avoid Strike

BY CSA STAFF

Cincinnati, After workers in central Ohio voted yesterday to authorize a strike, Kroger Co. is working to negotiate terms.

The workers are currently under a temporary contract extension and have agreed to give at least 10 days of notice before walking off the job. The workers’ contract expired at midnight on Saturday.

Kroger is attempting to get the workers to pay part of their healthcare costs. The workers currently have no co-payments for their health insurance.

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OPERATIONS

Abercrombie Pulls ‘Offensive’ Shirts

BY CSA STAFF

New Albany, Ohio, In the face of criticism and calls for boycotts, Abercrombie & Fitch agreed to stop selling shirts with controversial messages. One of the shirts read across the chest: “Who needs brains when you have these?” The Women & Girls Foundation of Southwest Pennsylvania said they were satisfied with Abercrombie & Fitch’s decision to remove what it called “several offensive t-shirts from its stores. In a statement, the retailer said: “We recognize that the shirts in question, while meant to be humorous, might be troubling to some.”

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