Report: Bloomingdale’s, Union Reach Tentative Deal
New York The management of Bloomingdale’s and leaders of Local 3 of the Retail, Wholesale and Department Store Union have reached a tentative agreement, according to a report in Women’s Wear Daily.
The union and management are split over health-care coverage and raises and will continue to negotiate the issues for two more weeks, the report said.
The report also said that the tentative settlement is subject to ratification by the union membership on Thursday. The union’s previous contract expired on March 1, but talks had been extended through tonight.
Last week, workers authorized a strike at Bloomingdale’s Manhattan store, which could have lead to the first shutdown at the famed flagship in more than four decades. The walkout would have affected only Bloomingdale’s 59th Street store.
The union had authorized a strike if an agreement couldn’t be reached by 6 p.m. Bloomingdale’s said the agreement “eliminates any possibility of a strike being called against the retailer,” according to the report.
Bridgelux names new executives
SUNNYVALE, Calif. Bridgelux has announced the appointments of Keith Scott as vp of business development, and David Barnby as vp of sales and general manager for EMEA.
Scott joins Bridgelux from Philips Lumileds where he grew a multi-million-dollar, solid-state lighting business while serving in various marketing and product development roles during his six-year tenure.
Barnby was the EMEA vice president of sales and marketing for Pinnacle Systems (the consumer division of Avid Technology) where he was responsible for managing the consumer IT retail and distribution channels across Europe, Central/Eastern Europe, the Middle East and Africa.
Wal-Mart to cash stimulus checks for free
BENTONVILLE, Ark. With Wal-Mart’s motto of ‘Save Money. Live Better,” it’s no surprise that the retailer has announced new incentives to get shoppers to spend their stimulus checks at its stores. The company announced that it will cash the rebates for free – with no purchase required – and will offer shoppers new rollbacks on items such as shampoo, breakfast juice and cereal.
As an added incentive to get shoppers to spend their checks at Wal-Mart stores, the company said it will refund the purchase fee on its Wal-Mart MoneyCard when any portion of the economic stimulus check is loaded onto the card.
Additionally, Sam’s Club will cash checks for free for its members. It will also offer its own economic stimulus bonus in the form of a $40 gift of membership on select product purchases May 11 through May 31 so new members will save all year long.
“We’re looking at this through the eyes of our customers, who need low prices all the time,” said John Fleming, evp and chief merchandising officer of Wal-Mart Stores, U.S. “And that’s what we’ve always done best,” he added.