Financial Reports

TJX, which owns T.J. Max, recently announced that is raising the pay for part-time and full-time employees.

TJX Companies to Raise Pay for Part-Time and Full-Time Sales Associates

Following a path blazed by Wal-Mart Stores Inc., TJX Companies Inc., owner of T.J. Maxx, Marshalls, HomeGoods and Sierra Trading Post Associates, announced last week that it will raise the salaries of its part-time and full-time hourly U.S. store associates. U.S. part-time hourly associates will earn at least $9 per hour beginning in June. And sometime in 2016, hourly associates […]

Alwyin Lewis, chairman and CEO of Potbelly Corp.

Potbelly Reports Fourth-Quarter Profit

Potbelly Corp., a Chicago-based neighborhood-sandwich shop headed by Chairman and CEO Aylwin Lewis, reported a positive net income based on higher revenues in the fourth quarter, which ended Dec. 28, 2014. Potbelly reported a $702,000 net income compared with a net loss of $3.7 million in the fourth quarter of 2013. The company on Tuesday reported fourth-quarter revenues of $84.8 […]

Wal-Mart is raising the wages for 500,000 workers.

Walmart To Raise Wages for Approximately 500,000 Workers

The retailer is the largest private employer of African-American workers in the U.S. By Frederick H. Lowe Wal-Mart Stores Inc., the target of worker demonstrations demanding higher wages, announced on Thursday that it was putting more money in employees’ wallets and pocketbooks. Walmart CEO Doug McMillon wrote in his blog that entry-level workers will receive at least $9 per hour […]