Category: BUSINESS

Cord cutting continues as consumers cut cable in record numbers

cord cutting

More bad news for the network liars. According to this Fortune report, more and more people are cord cutting forcing companies like AT&T and Comcast to raise their rates.

The rate of consumers dropping their cable and satellite TV packages hit the highest level ever in the last three months of 2018. And for the first time in a few years, the losses weren’t more than offset by people signing up for Internet TV subscriptions.

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DESPERATION: Kmart opens a store inside an existing Sears store

SEARS

PHOTO CREDIT: RETAILDIVE.COM

Seriously, I’m not making this up. Kmart has opened a 10,000 square foot convenience store inside a Sears store. This multi-level cluster**** is located in Brooklyn, New York and offers a full range of necessities like groceries, grab and go snacks, health and beauty supplies, and finally cleaning and pet supplies. I’m not sure if the marketing team at Sears is aware, but Walmart and Target essentially dominate this space, leaving no room for underachieving retailers like Sears and Kmart.

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Did Your Employer Make The List? 25 Most Punished Companies For Wage Theft

Wage Theft

Another interesting report coming from goodjobsfirst.org:

Many of the largest companies operating in the United States have fattened their profits by forcing employees to work off the clock or depriving them of required overtime pay. An extensive analysis of federal and state court records shows that these corporations have been embroiled in hundreds of lawsuits over what is known as wage theft and have paid out billions of dollars to resolve the cases.

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Suburban Construction Fuels 2018 US Office Pipeline

A couple of months ago, we conducted an analysis to see which were the top markets for office deliveries during the final leg of 2017. The fall-winter pipeline placed New York City at the top of the list, followed by the tech-driven San Francisco, Plano, Texas, and Cupertino, home to Apple’s new ‘spaceship’ campus. We now thought it’d be interesting to see which cities will add the most office space in 2018, and which are the most notable projects currently under construction. By the looks of it, the Big Apple and San Francisco will remain the main targets for office development throughout the following year.

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