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Retail Businesses

Gap to Close a Quarter of All U.S. Stores, Slash 250 Jobs

The moves are expected to cost the company hundreds of millions of dollars in the short term but lead to annualized savings of $25 million beginning next year.
Minimum Wage

Wal-Mart to Spend $1 Billion Raising Employee Pay to at Least $9 an Hour

Nearly half a million Wal-Mart workers are about to get a raise.
Technology

Gap Raises Minimum Wage as Walmart Mulls a Hike of Its Own

Gap announced that it would increase the minimum hourly rate for stateside employees to $9 in June, and then again to $10 exactly one year later.
Marketing

The Top Marketing Flops of 2010

Some companies are skilled in the art of advertising and branding. Then there are these guys.
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