RILA: Raise threshold of full-time status under ACA
Arlington, Va. — The Retail Industry Leaders Association (RILA) is encouraged by passage of the Save American Workers Act of 2013 (H.R. 2575) out of the Ways and Means Committee on Tuesday. According to RILA, the act is an important first step in changing the Affordable Care Act’s (ACA) definition of full-time employees from 30 hours of service to a definition more in-line with employment practices.
“Raising the threshold of full-time under the ACA means that retailers will have the flexibility to continue to offer coverage at the current level, whether, for example, the level is 32, 35 or 37 hours. Retailers have voluntarily offered coverage for nearly seven decades at levels, they want to be able to continue to offer this coverage to their employees and their families,” said Christine Pollack VP of government affairs at RILA.
“Most retailers currently use an hourly or salaried workforce designation, not full-time or part-time, which reflects an employees’ desire for flexible hours and a manager’s need to staff up a store during busy times. The ACA’s definition of full-time as 30 hours of service per week fundamentally limits the flexibility of staffing from both the employee and store manager standpoint,” RILA stated in a letter submitted ahead of the mark-up.
Sears Holdings names senior VP and head of automotive
Hoffman Estates, Ill. — Sears Holdings announced that Norman Miller will join the company as senior VP and president, Automotive. Miller, who most recently served as president and COO of Dollar Financial Corp., will be responsible for the oversight and leadership of the company’s automotive business, including Sears Auto Centers.
"Norman is a proven executive whose operations, management and sales experience make him an ideal fit to lead the transformation of Sears Auto Centers," said Edward S. Lampert, Sears Holdings chairman and CEO. "His deep expertise in driving the development and execution of growth and sales strategy for large, complex organizations makes him a strong addition to our team."
Report: RadioShack to close about 500 stores
New York — RadioShack Corp. will close about 500 stores within months as part of its ongoing restructuring, the Wall Street Journal reported on Tuesday. The retailer, which is due to report results for the fourth quarter later this month, has about 4,500 locations.
The chain has been working to turn itself around since former Walgreens executive Joseph Magnacca became CEO in February 2013. His efforts have included rebuilding the company’s executive team, launching a new store prototype designed to appeal to tech-savvy customers and introducing a new marketing strategy.
RadioShack has been working with bankers from Peter J Solomon Co to boost its liquidity and with AlixPartners on its operational turnaround, the Journal said.