Kenco among top women-owned firms
Kenco Logistics, a leading third-party logistics provider headquartered in Chattanooga, has been recognized as one of the Women in Trucking Association's Top Women-Owned Businesses in Transportation and one of WIT's Top Companies for Women to Work for in Transportation. This is the second consecutive year that Kenco has been a recipient of both awards.
Kenco Logistics is the largest woman-owned third-party logistics provider in North America.
"As we continue to celebrate our 70 th anniversary milestone, these awards are a powerful reminder of Kenco's legacy," said Jane Kennedy Greene, owner and chairwoman of Kenco Logistics. "Women leaders can be found throughout our company. From Sales and Marketing to Innovation and ultimately general managers in our distribution centers, women have earned these positions because they are simply the best at what they do."
Walmart sues U.S. over opioid crisis
Walmart is suing the U.S. government in a pre-emptive strike in the battle over its responsibility in the opioid abuse crisis.
The government is expected to take civil action against the world's largest retailer, seeking big financial penalties, for the role its pharmacies may have played in the crisis by filling opioid prescriptions.
But on Thursday, Walmart filed a lawsuit saying that the Justice Department and the Drug Enforcement Administration are blaming the company for the government's own lack of regulatory and enforcement policies to stem the opioid crisis.
"Walmart and its pharmacists find themselves in an untenable position," Walmart said in the lawsuit filed in the U.S. District Court in the Eastern District of Texas. "Under defendants' sweeping view, Walmart and its pharmacists may be held liable — perhaps even criminally — for failing to second-guess DEA-registered doctors and refuse their prescriptions. But if pharmacists do so, they may face the wrath of state medical boards, the medical community at large, individual doctors, and patients."
The lawsuit names the Justice Department and Attorney General William Barr as defendants. It also names the DEA and its acting administrator, Timothy Shea.
Gap to close 220 mall outlets
Gap Inc. is moving away from the nation's malls.
The San Francisco-based retailer, which was for decades a fixture at shopping malls around the country, said Thursday that it will be closing 220 of its namesake Gap stores — or one-third of its store base — by early 2024. That will result in 80% of its remaining Gap stores being in off-mall locations.
As part of its restructuring, Gap Inc. said it also plans to close 130 of its Banana Republic stores in North America in three years.
The announcement made at a Gap Inc. investor meeting detailed a three-year plan that calls for closing what amounts to 30% of the company's Gap and Banana Republic stores in North America and focusing on outlets and e-commerce business.
The moves come as Gap and other clothing retailers are trying to reinvent themselves during the pandemic, which forced many non-essential stores to temporarily close in the spring and early summer. The lockdown of the economy led many shoppers to shift more of their spending to online, which many experts believe will be permanent.
"We've been overly reliant on low-productivity, high-rent stores," said Mark Breitbard, CEO of the Gap brand, which was founded in 1969. "We've used the past six months to address the real estate issues and accelerate our shift to a true omni-model."