NRF slams NLRB decision on franchisees
Washington, D.C. – The National Retail Federation (NRF) is highly critical of a decision by the National Labor Relations Board (NLRB) recommending that McDonald’s and its franchisees should be considered joint employers. According to the NRF, this move would stall job growth and diminish capital investment by making it easier for fast food workers to unionize.
“It is just further evidence that the NLRB has lost all credibility as a government agency established to protect workers and is now just a government agency that serves as an adjunct for organized labor, which has fought for this decision for a number of years as a means to more easily unionize entire companies and industries,” said David French, NRF VP of government relations, in a statement.
“The NLRB’s contempt for hard working business men and women is on full display when they completely disregard established laws that govern the franchise model, a practice that has literally created thousands of small businesses in communities across America and employ millions of citizens of all ages. When a government agency unilaterally decides to unravel the long established and successful business relationships between franchisees and franchisors, the entire business community reacts. And the very people the NLRB was established to protect – American workers – may be the ultimate losers in this decision as those same businesses reconcile with an uncertain future.”
Twitter proves skeptics wrong
Twitter posted solid growth in user metrics for its second quarter, including strength in mobile, which allowed the social media platform to exceed sales and profit forecasts.
Twitter said it had 271 million monthly active users during the quarter ended June 30, an increase of 24% compared to the prior year. Roughly 78% of those users were on mobile devices, a 29% increase from the prior year.
"Our strong financial and operating results for the second quarter show the continued momentum of our business," said Twitter CEO Dick Costolo. "We remain focused on driving increased user growth and engagement, and by developing new product experiences, like the one we built around the World Cup, we believe we can extend Twitter’s appeal to an even broader audience."
Revenues during the quarter increased 124% to $312 million from $139 million. The surge in sales did not help the company’s bottom line as Twitter report a net loss of $144 million compared to $42 million the prior year. However, on an adjusted basis, Twitter said it earned $14.6 million compared to a prior year loss of $16.3 million.
Crocs names Reebok exec VP of North America retail
Niwot, Colo. — Claire Fahie-Conley, VP of U.S. retail for Reebok, has been appointed Crocs’ VP of retail for North America. In this role, Fahie-Conley will be responsible for overseeing all aspects of the retail footprint in North America, including the entire fleet of full-price and outlet stores.
Prior to joining Crocs, Fahie-Conley spent 20 years at Reebok. During the past five years, she served as VP of U.S. retail for Reebok and Rockport, where she was responsible for more than 150 retail stores and helped lead the development of the new Reebok FitHub store concept launched earlier this year.