retail news in context, analysis with attitude

With brief, occasional, italicized and sometimes gratuitous commentary…

•   Craig Boyan, president of H-E-B, spoke at this week's Midsummer Strategic Executive Exchange, sponsored by FMI-The Food Industry Association, and suggested that "a combination of things" are responsible for the labor shortage affecting virtually every business in Texas.  Among them are continuing concerns about the pandemic and child care, as well as stimulus payments that have made it easier not to have to return to work.

Boyan said that he expected the crunch to ease by autumn, and said that H-E-B is raising wages across the board and making "all eligible partners owners of the company, and we believe that investing in people is a winning strategy."

In other words, treating employees not as a cost, but as an asset.