Latest news with #Wholesale
Yahoo
a day ago
- Business
- Yahoo
New York's Retail Worker Safety Act Is Live
New York's retail crime compliance countdown has closed as the Retail Worker Safety Act (NYRWSA) has been implemented, and Governor Kathy Hochul's 'landmark legislation' has commenced. The Retail, Wholesale, Department Store Union (RWDSU), for one, is grateful. More from Sourcing Journal Activists Know How to Stop Sexual Violence in the Garment Supply Chain. Will Brands Buy In? Are Amazon's Warehouses Facing an 'Injury Crisis'? SHIPS for America Act Reintroduced to Reinvigorate US Shipbuilding Effective June 4, the NYRWSA (S. 8358B/A. 8947C) will 'introduce critical safety measures to protect retail workers across the state,' according to the semi-autonomous division of the United Food and Commercial Workers Union (UFCW). 'Retail workers—and shoppers—across New York will be safer because of this law,' Stuart Appelbaum, president of the RWDSU, said. 'Retail workers should not have to go to work every day in fear; this law goes a long way towards ending that.' New York State Senator Jessica Ramos introduced the NYRWSA last January to compel employers to evaluate their workplaces for risks, develop a violence prevention plan, provide ongoing safety training for workers—and revisit these efforts annually. The Harris-endorsing union has worked with Ramos and New York State Assemblymember Karines Reyes, who chairs its subcommittee on workplace safety, throughout the bill's ascension and amendments. While the New York State Senate passed S8358B last summer, Governor Kathy Hochul signed an amendment to the act in February, extending the effective date of some of its provisions to June 2. 'The Retail Worker Safety Act provides for preventative measures that will help deter violence and harassment before it starts,' Appelbaum said. 'And, most importantly, will assist workers in getting help quickly in the event of an emergency.' Retailers with 10 or more employees must develop 'comprehensive violence prevention plans, conduct regular risk assessments and provide biennial training on de-escalation techniques and active shooter scenarios,' the NYRWSA mandates. Retailers with 500 or more employees, meanwhile, must install silent response buttons—allowing 'workers to discreetly alert security personnel during emergencies,' the RWDSU said—before January 1, 2027. 'As a produce manager, I've witnessed firsthand the escalating tensions in retail environments,' said Edwin Quezada, a manager at a stop-and-shop in Long Island and Local 338 RWDSU/UFCW member. 'This Act ensures we have the training and tools to handle volatile situations, making our workplaces safer for both employees and customers. We worked hard to see it brought into law and I'm proud to see it starting to take effect.' The issue has become a source of anxiety for retail employees as retail crime ratchets up, a survey conducted by the RWDSU last spring found. Fifty-seven percent of those surveyed said they've personally experienced verbal harassment or intimidating behavior at work. Eighty percent reported concerns about an active shooter entering their place of business. Seven percent reported that their employers 'made safety improvements following violent incidents,' per the survey. 'Every day I came to work with a pit in my stomach, not knowing if today would be the day someone got aggressive or violent,' said Nancy Almodovar, a salesperson at a major department store in Manhattan, per the RSDSU. 'We've been ignored for too long by our employers, but this law finally says: our safety matters. It gives us real tools and real protection—and for the first time in a long time, I feel like someone's looking out for us.' There's precedent for such programs, the labor union said. The NYRWSA builds on the public sector's workplace violence protection law from 2006 and uses the statutory framework of New York's 2018 workplace sexual harassment protection law, per the RWDSU. 'We are grateful that Governor Hochul has focused on preventing retail violence and theft and for bill sponsors Senator Jessica Ramos and Assemblywoman Karines Reyes,' said Appelbaum.
Wall Street Journal
4 days ago
- Business
- Wall Street Journal
Costco to Rely on Advancing Orders, Production Shifts to Offset Tariffs
Costco Wholesale COST 3.67%increase; green up pointing triangle is taking steps to reduce its exposure to tariffs by pulling orders forward and moving the sourcing of its private-label products to the regions where they are sold. These actions have helped lower costs for the warehouse-club chain, while also enabling it to avoid sharp price increases for consumers, Chief Executive Ron Vachris said on a call with analysts Thursday.
Wall Street Journal
5 days ago
- Business
- Wall Street Journal
Costco Logs Higher Profit, Sales Despite Declining Consumer Confidence
Costco COST -0.43%decrease; red down pointing triangle Wholesale reported higher profit and sales in its fiscal third quarter, though same-store sales missed Wall Street's estimates. The warehouse-club chain on Thursday posted a profit of $1.9 billion, or $4.28 a share, for its 12 weeks ended May 11, compared with $1.68 billion, or $3.78 a share, in last year's comparable quarter. Analysts polled by FactSet expected earnings of $4.24 a share.
Yahoo
26-05-2025
- Yahoo
‘Sick individual;' Police arrest man for taking photos of children during Memorial Day parade
An Ohio man was arrested after authorities said they found pictures of children on his phone after a Memorial Day parade. [DOWNLOAD: Free WHIO-TV News app for alerts as news breaks] Around 12:15 p.m. during the Lakeview Amvets Memorial Service, officers were made aware of a man taking photographs of children during the parade, according to a social media post by the Washington Township Police Department. TRENDING STORIES: 12-year-old shot in face while cleaning house, family says Wholesale retailer gets into pizza delivery business Milkshake, a gourmet chocolate shop chain to open area location Officers talked to Terry Davis, 63, who admitted to having photographs on his phone that were taken during the parade. Davis allowed officers to search his phone. Officers found photographs of children at the parade as well as additional photographs of children not related to the parade. Davis was booked into the Logan County Jail. 'Today is a reminder for all of us that being diligent of our surroundings makes those around us safer. We can't thank the quick actions of bystanders enough for bringing this situation to our attention. Because of them, we were able to apprehend and incarcerate a sick individual and protect our community from further incidents,' police said in the social media post. Davis was not affiliated with the Lakeview Amvets Post. [SIGN UP: WHIO-TV Daily Headlines Newsletter]
Yahoo
23-05-2025
- Business
- Yahoo
Why the Market Dipped But Signet (SIG) Gained Today
The latest trading session saw Signet (SIG) ending at $64.22, denoting a +1.94% adjustment from its last day's close. The stock's performance was ahead of the S&P 500's daily loss of 0.04%. The the stock of jewelry company has risen by 11.37% in the past month, lagging the Retail-Wholesale sector's gain of 12.79% and the S&P 500's gain of 13.42%. The investment community will be closely monitoring the performance of Signet in its forthcoming earnings report. The company is scheduled to release its earnings on June 3, 2025. The company is predicted to post an EPS of $1.02, indicating an 8.11% decline compared to the equivalent quarter last year. Our most recent consensus estimate is calling for quarterly revenue of $1.52 billion, up 0.38% from the year-ago period. For the full year, the Zacks Consensus Estimates project earnings of $8.65 per share and a revenue of $6.69 billion, demonstrating changes of -3.24% and -0.15%, respectively, from the preceding year. It's also important for investors to be aware of any recent modifications to analyst estimates for Signet. These revisions typically reflect the latest short-term business trends, which can change frequently. Therefore, positive revisions in estimates convey analysts' confidence in the company's business performance and profit potential. Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical rating system. Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed a 0.57% decrease. As of now, Signet holds a Zacks Rank of #3 (Hold). In terms of valuation, Signet is currently trading at a Forward P/E ratio of 7.28. This indicates a discount in contrast to its industry's Forward P/E of 17.05. It's also important to note that SIG currently trades at a PEG ratio of 0.5. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. As of the close of trade yesterday, the Retail - Jewelry industry held an average PEG ratio of 4.31. The Retail - Jewelry industry is part of the Retail-Wholesale sector. With its current Zacks Industry Rank of 34, this industry ranks in the top 14% of all industries, numbering over 250. The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1. Be sure to use to monitor all these stock-influencing metrics, and more, throughout the forthcoming trading sessions. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Signet Jewelers Limited (SIG) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
