Retail groups ask for 3 months to get ready for vaccine mandate; Brilliant Earth halves number of shares, lowers price in IPO; How high is the ceiling for personalized beauty brands?; Target announces plans to hire 100K seasonal workers
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Workers are not responding to these cues as they traditionally have. Why? Most retailers are using an outdated hiring playbook, write Alvarez and Marsal's David Ritter and Conor Gaffney.
"We're holding on to our shares because we think there's so much tremendous long-term value," CEO Beth Gerstein said in an interview ahead of the opening bell Thursday.
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The retailer is planning to make fewer hires this holiday but it is offering existing staff an additional 5 million hours and a more flexible schedule.
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