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Coles beefs up provision for historical underpayment of management

Inside Retail

Coles says it has provisioned a further $25 million to cover possible underpayments to the salaried management staff of its retail businesses as it continues an internal probe into its payroll. In late 2021, the Fair Work Ombudsman said it believed Coles had underpaid thousands of salaried employees by $115 million since 2017.

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Casper Appoints New CEO in Leadup to Acquisition by Durational Capital Management

Retail TouchPoints

Casper Sleep has entered into a definitive agreement to be acquired by Durational Capital Management LP , which will take the mattress retailer private. million in Q3 2021 despite a 26.8% Durational Capital will pay $6.90 for each outstanding Casper share, a 94% premium over the closing price on Nov. year-over-year revenue boost.

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Addressing New Challenges in Managing Retail and Service Employees Post-Pandemic

Retail TouchPoints

Retail managers now face employee management and safety challenges that require additional tools and oversight. Retail managers must address these incidents’ effects on employee morale and retention. There are many options that retail managers can pursue to mitigate the additional stresses faced by their workforce.

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Michaels to be Acquired by Apollo Global Management

Retail TouchPoints

The Michaels Companies (Michaels) and funds managed by affiliates of Apollo Global Management Inc. Apollo) have entered into a definitive merger agreement through which investment funds managed by affiliates of Apollo will acquire the company. The transaction values Michaels at an equity value of approximately $3.3

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Retail TouchPoints and design:retail Reveal the 40 Under 40 Class of 2021

Retail TouchPoints

The 2021 class of impressive leaders is comprised of founders, CEOs, creative directors, design managers, marketing executives, ecommerce gurus, VPs and many more changemakers rewriting the rules of retail in unique and exciting ways. Robert Timothy Blair , Manager Retail Operations: Customer Experience , White House BLACK MARKET.

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Selfridges launch 2021 Christmas Windows

Retail Focus

Says Andrew Keith, Selfridges Managing Director. The post Selfridges launch 2021 Christmas Windows appeared first on Retail Focus - Retail Design. More pictures will be published on our window walk feature soon.

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A Manager at a Pennsylvania Wendy’s Invented a Fake Employee and Pocketed Wages of $20,000, Police Say

Retail Wire

A former general manager at a Wendy’s restaurant in Pennsylvania has been charged with theft by deception after allegedly inventing a fake employee named William Bright to pocket wages. The manager manually logged 128 shifts for the non-existent employee, receiving $19,898 between June 2021 and May the following year.