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Why companies are so bad at hiring – Bartleby

For one thing, they recruit too many employees from outside their ranks Perhaps the oldest management cliché is that “people are our most important asset”. If that were true, companies would rigorously assess their own hiring practices, and their record, to ensure that they are indeed recruiting the best people. Remarkably, …

Sriracha Battle Is Coming to America – Bloomberg

Thailand’s Thaitheparos seeks to chip away at Huy Fong Foods’ dominance of the American palate with Sriraja Panich.  Selling “a rich man’s sauce at a poor man’s price” has made David Tran a very wealthy man. The 73-year-old Vietnamese refugee is responsible for bringing Sriracha to American consumers. After settling in Los …

Amazon and Whole Foods are cutting prices again – CNN

New York (CNN Business)Amazon is slashing prices on hundreds of products at Whole Foods for the third time in two years. The cuts will go into effect Wednesday and are mostly focused on produce. Amazon (AMZN) and Whole Foods said customers will save an average of 20% off select items, including greens, tomatoes …

Holiday season defines winners and losers in retail

NEW YORK (AP) — The 2018 holiday season turned out to be a mixed bag for retailers, with some of them defying a gloomy government report in December that raised concerns that shoppers were hunkering down everywhere. Retailers like Walmart, Target and Best Buy that have been responding faster to …

Baby boomer retirements: Companies fear both the cost of older workers, and the cost of replacing their knowledge – The Washington Post

As older workers look to retire, companies reckon with how to replace outgoing skillsets. The youngest baby boomers are around 55 years old. The oldest are in their 70s. Most Americans don’t remember a workforce without the largest generation. And yet, as boomers enter their final years in the workforce, their retirements are …