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Under Armour latest retailer to boost hourly wage to $15

Bloomberg Under Armour Inc is boosting hourly wages to better attract and keep the employees it needs to expand its online business. The sportswear retailer said it’s raising the minimum wage for all US employees to $15 an hour starting from June 6 — an increase of as much as 50% for some staff. Canadian workers will also get a ...

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Singapore closes two malls amid surge in Covid cases

Bloomberg Singapore closed two shopping malls on the western part of the island for two weeks after 10 recent Covid-19 infections were linked to the properties. “Our epidemiological investigations have found that there is likely ongoing transmission among individuals who visited these malls,” the Health Ministry said in a statement. “To break any potential chain of transmission and enable deep ...

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Genesco appoints three new directors

Bloomberg Genesco Inc appointed three new directors as the shoe company tries to fend off an activist investor seeking to take control of the board. The owner of footwear retailers such as Journeys and Johnston & Murphy said it appointed former Deckers Brands Chief Executive Officer Angel Martinez, Valvoline Inc executive Mary Meixelsperger and Greg Sandfort, the former CEO of ...

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