retail news in context, analysis with attitude

•  CNBC reports that "Starbucks is raising hourly wages for its baristas as the restaurant industry braces for a higher minimum wage when President-elect Joe Biden takes office.

"Starting Dec. 14, baristas, shift supervisors and cafe attendants will receive a pay increase of at least 10% if they were hired before Sept. 24, according to an internal memo obtained by CNBC. Employees who have worked at a company-operated location will receive an increase of at least 11%. And starting wages will be hiked 5% to help cafe managers find more staff."


•  Home Depot continues to show strong fiscal results as many people continue to spend a lot more time at home that unusual because of the pandemic,. as Q3 revenue  rose to $33.54 billion, up 23% from a year earlier.  Same-store sales were up 25 percent, as net profit was $3.43 billion, compared with a profit of $2.77 billion in last year’s third quarter.