Updates
Later, 10:43 a.m. CT:
Original Post
An interesting number keeps popping up: 34%. For example, analysts see a 34% upside for QCOM. There's a reason for this particular number.
We can look at any number of stocks, but since we were talking about QCOM, let's stay with that.
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Kroger To Close Three Underperforming Stores
After Los Angeles Mandated Hazardous Pay
Link here. This is an old story, previously published.
Kroger said Wednesday, March 10, 2021, it will close three stores in Los Angeles after local officials approved mandated $5-per-hour hazard pay for grocery and drug store workers during the COVID-19 crisis.
The Cincinnati-based grocer will shutter two Ralphs and one Food 4 Less stores in the city on May 15, 2021. It will continue to operate 65 other stores in the city. The retailer heaped criticism on local officials for dumping millions of additional expenses on it in the middle of the pandemic.
"It becomes impossible to operate these three stores," Kroger said in a statement, noting the mandate will cost nearly $20 million over the next 120 days. It noted local employees already averaged hourly pay of $18, $24 when considering benefits.
Have a cousin who is a union head in San Diego area for grocery workers. There is no love lost between union and Krogers Corp. They do not negotiate fairly.
ReplyDeleteEvery dime those workers have in benefits they have had to nearly bleed for at bargaining table.
I have no experience in this area.
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