Stein Mart, Inc. (NASDAQ:SMRT) announced today sales for the four weeks of July and second quarter ended August 1, 2015. July sales comparisons were unfavorably impacted by the shift of sales tax holidays from July to August in eight states for 102 stores, as well as higher liquidation sales in July 2014 for three stores that were relocated in last year's third quarter. Geographically, the Midwest and Southwest had the strongest sales, while the Northeast, Southeast (sales tax holiday shift) and California performed below the chain. For the second quarter, ladies' apparel had the strongest sales, led by dresses and ladies' boutique, while accessories performed lower than the chain. The Company operated 269 stores at the end of July this year compared to 265 stores last year.
United Parcel Service (UPS) workers have given their union the go-ahead to call a strike in what would be their first walkout — and one of America’s most far-reaching picket lines — in decades. The vote gives union negotiators more sway in contract talks with the shipping giant.
The tally released by the International Brotherhood of Teamsters Tuesday night had 93 percent of UPS members endorsing the authorization and 91 percent of UPS freight employees backing the measure. A national pact with the union covers about 260,000 UPS workers, and the current contract expires July 31.
“UPS is confident in our ability to reach an agreement,” a company spokesperson responded in an email. “Strike authorization votes do not mean a strike is imminent. The reality is that UPS and the Teamsters have already reached tentative agreements, subject to ratification, on a wide variety of non-economic issues.”
The bargaining issues involve pay and work schedules, including expanded service during weekends. UPS started making regular Saturday deliveries last year, and while it has not yet unveiled plans for Sunday deliveries, the union said the company has made proposals to expand weekend services.
more at source: https://www.cbsnews.com/news/teamsters-ups-strike-authorization-vote-new-contract-july-31-deadline-2018-0607/