October's top stories: Tesco to face legal action for pay discrimination, eBay to acquire Corrigon
Tesco employees plan to resort to legal action against the UK supermarket chain for alleged age and gender discrimination after it reduced the rates of wages for night and weekend shifts. eBay has signed an agreement to buy Corrigon, a provider of visual search technologies. Retail-insight-network.com wraps up the key headlines from October 2016.
Tesco employees announced plans to resort to legal action against the UK supermarket chain for alleged age and gender discrimination after it reduced the rates of wages for night and weekend shifts.
The legal action is being taken by a group of 17 employees, who have been working at the company since 1999, reported The Guardian.
Law firm Leigh Day will be representing the employees' case at court.
eBay signed an agreement to buy Corrigon, a provider of visual search technologies.
Corrigon's technologies help to identify objects within an image, matching both visual and textual elements to ensure that the image is recognised, correctly classified and matched to its corresponding product.
eBay has more than one billion live listings on its platform, and Corrigon's expertise and technology will help match the best images to products so that consumers can be confident that what they buy is exactly what they see.
American departmental store chain Nordstrom announced plans to hire approximately 11,400 seasonal employees to serve its customers in the upcoming holiday season.
These employees will either be deployed at Nordstrom and Nordstrom Rack stores, or support the distribution centres for the Nordstrom.com, Nordstromrack.com, HauteLook and Trunk Club stores.
Bass Pro Shops is to acquire outdoor gear retailer Cabela’s for $65.50 a share in cash, which represents an aggregate transaction value of approximately $5.5bn.
Following closure of the deal, Bass Pro Shops will start a multi-year partnership agreement with Capital One, National Association, a wholly owned national banking subsidiary of Capital One Financial Corporation, which Capital One will service under the Cabela’s CLUB, Cabela’s co-branded credit card.
Founded in 1961 by Dick, Mary and Jim Cabela, Cabela’s is a marketer of hunting, fishing, camping, shooting sports and related outdoor merchandise.
US-based Walmart is to deploy seasonal staff to better serve customers at the checkout.
The retailer claimed that it has also increased the amount of products available through its Pickup service, launched thousands of rollbacks, and announced plans to add more items to Walmart.com in the coming months.
Food Bazaar Supermarket is set to open two new stores in New Jersey, US, next month.
The two new stores are located at North Bergen and Fairview, which respectively opened on 1 and 10 November.
This supermarket chain operates in the Tri-State Metropolitan areas, namely New York, New Jersey and Connecticut.
Canadian eyecare products and services supplier New Look Vision Group entered a definitive agreement to acquire all the assets of retail chain Visions One Hour Optical.
Operated by Martens family, Vision One Hour Optical operates under the name of Visions Optical in British Columbia.
Founded in 1988, Vision Optical is based in Abbotsford, British Columbia, and has ten retail optical locations in key areas across Victoria, Nanaimo, New Westminster, Abbotsford, Chilliwack, Penticton and Prince George.
UK supermarket chain Sainsbury's decided to shut its supermarket at Merry Hill Mall in Birmingham, leaving 200 jobs at risk.
The branch opened in 1989, and will close on 30 December.
Sainsbury's said in a statement that it will look to deploy many of its affected employees into its other stores.
Footwear and accessories retailer DSW opened two new stores in Connecticut and Wisconsin, US, this month.
The Connecticut store will have a 25,000ft² retail space and is located at High Ridge Center in Stamford.
The new 17,000ft² store in Wisconsin is situated in Calhoun Crossing in Brookfield.
Spar Hypermarket is to increase its retail space in India by 40% during the next 12-18 months.
Operated by Dubai-based Landmark Group’s Max Hypermarket through a licensing agreement with Dutch food retailer Spar International, the chain has 18 stores with more than one million square feet in retail space across nine cities in India.
This move was announced by Spar Hypermarket at the launch of its fourth store in Hyderabad, which is the chain's first standalone outlet in the country.