Calling Dollar General's wages "shamefully low," political activist Ralph Nader has urged CEO Richard Dreiling to support raising the minimum wage. In a letter dated Dec. 8, Nader argued that raising the minimum wage would aid the economy and boost revenues at the Goodlettsville, Tenn.-based discount retailer through increased consumer spending and lower employee turnover. He urged Dreiling to join Costco CEO Craig Jelinek in advocating for a national minimum wage increase to $10.10 an hour.
A 19-year-old college student from Queens says he was handcuffed and locked in a jail cell after buying a $350 designer belt at Barneys on New York's Madison Avenue because he is "a young black man." Trayon Christian told NBC 4 New York on Wednesday that he saved up from a part-time job for weeks to buy a Salvatore Ferragamo belt at Barneys. When he went to the store to buy it in April, he says the checkout clerk asked to see his identification. After the sale went through and he left the store, he was approached by police.
Burberry Group's long-standing chief executive, Angela Ahrendts, is moving from Bond Street to Silicon Valley following the announcement that she's to leave the luxury fashion group for a new post at Apple. Burberry said that Ahrendts would step down by mid-2014, after which time Chief Creative Officer Christopher Bailey would be appointed to the dual role. He will also be joining the board in due course, the company said. Apple announced Tuesday that Ahrendts will take on the new post of senior vice president of retail and online stores, reporting to the high-tech company's CEO, Tim Cook.