Word: retailing
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...Mart does not recognize any unions for collective bargaining. The company's official policy as posted on its website is that "because we believe in maintaining an environment of open communications, we do not believe there is a need for third-party representation." But the retail giant has taken a different approach toward its 42 stores in China. Last week, the company issued a statement saying: "Should [employees] request formation of a union, Wal-Mart China would respect their wishes and honor its obligation under China's Trade Union Law." The company succumbed to pressure from the All-China Federation...
...reversal of logic," says Vito Zincani, the chief investigating magistrate in Parma. Usually, companies take on debt to grow. But in Parmalat's case, "they had to grow to hide the debt." The core of the fraud was a system of double billing to Italian supermarkets and other retail customers. Simply put, by billing twice for the same shipment of merchandise, Parmalat could create the impression that its accounts receivable were much larger than they really were. One of the Parmalat executives who operated the scheme, Claudio Pessina, told Milan magistrates that as many as 300 people at Parmalat knew...
Harvard’s attorneys have also charged the store with breaching a term in the contract stipulating that the discount retail store may not sell groceries...
Citing Kmart’s failure to adhere to the terms of its lease contract with the University, Harvard filed to remove the discount retail store from the premises it currently occupies in the Brighton Mills Shopping Center in April...
...Allston Kmart is situated across the Charles River from Harvard Yard, beyond the Harvard Business School. Target, a competing discount retail store, is located nearby in Watertown...