retail news in context, analysis with attitude

• The Associated Press reports that "fast-food workers in about 100 cities will walk off the job this Thursday, organizers say, which would mark the largest effort yet in a push for higher pay. The actions would build on a campaign that began about a year ago to call attention to the difficulties of living on the federal minimum wage of $7.25 an hour.

"Protesters are calling for pay of $15 an hour, although many see the figure as a rallying point rather than a near-term possibility."

• Tops Friendly Markets said yesterday that the previously announced acquisition of Tops Holding II from a private equity group by a group of senior managers of the company led by Tops president/CEO, Frank Curci, closed on December 1st.   Terms of the deal have not been disclosed.
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