According to a recent news article from CNN Money, workers at a major department store chain have managed to avoid a strike when it seemed like the situation had turned hopeless in terms of reaching a deal with management.
Before we get to the actual dispute in this situation, much of the trouble stems from a shift from people shopping in so-called brick and mortar stores to online shopping with giants such as Amazon. There is no question that the retail market is changing, and that will mean big changes for the employers and employees at department stores. However, the changes go much further than that, as even the shopping malls that typically house these large anchor stores, as they are often called, are also closing as less people go out to the mall these days. Continue reading