📚New owners, new closures, new sectors

This issue of Shifto takes a look at the new owner of Barnes & Noble, the newly announced closure of hundreds of both Pizza Hut and Walgreen locations, why overstaffing can cause employees to quit, the emerging sector of ‘wealth work,’ and the very strange habits around food delivery.

Happy reading!

📚 Barnes & Noble, new owner close sale
🍕 Pizza Hut to close about 500 dine-in restaurants, reopen with carryout and delivery
⛔ Walgreens will close about 200 stores in United States
🙅 Why overstaffing can push bartenders to quit
💅 Richer US households fueling a hot job sector: 'wealth work'
😳 National Survey Confirms We All Have Very Strange Habits Around Food Delivery

📚 Barnes & Noble, new owner close sale | Via RetailDive
RetailDive’s Daphne Howland discusses how U.K. financial firm Elliott Advisors announced the closing of its acquisition of Barnes & Noble, the largest bookseller in the United States, for an undisclosed amount.

  • The move follows Elliott’s acquisition last year of Waterstones, the largest bookseller in the United Kingdom, according to a company press release.
  • The new team is committed to physical stores, signaling that closures are unlikely, at least immediately.

🍕 Pizza Hut to close about 500 dine-in restaurants, reopen with carryout and delivery | Via Wichita Eagle

  • Wichita Eagle’s Jason Tidd reports that Pizza Hut may close as many as 500 dine-in restaurants and replace many of them with carryout and delivery locations.
  • Specific markets or locations have not been identified yet.
    The closures will target under-performing restaurants.

⛔ Walgreens will close about 200 stores in United States | Via CNN
CNN’s Jordan Valinksy dives into the closure of about 200 Walgreens stores following the acquisition of around half of Rite Aid's stores two years ago.

  • Walgreens expanded its American footprint to more than 9,500 stores. The planned closures represent less than 3% of Walgreens locations.
  • The company will also find jobs for the affected employees in nearby locations. Walgreens did not provide a list of the stores that it plans to close.

🙅 Why overstaffing can push bartenders to quit | Via The Hustle
LinkedIn Editor Joseph Milord examines how scheduling, in general, can be a point of frustration for service workers, particularly when it comes to overstaffing and pooling tips in The Hustle, which profiles hustlers and the hourly jobs they used as stepping stones on their way to professional success.

  • According to one NYC-based bartender, “No one really gets fired.” Instead, managers ease employees out, particularly by cutting hours to the point that an employee is better off getting a job elsewhere.
  • “They’ll stop scheduling you, or you’ll get scheduled for only the very slow shifts,” she said. “It forces you as an individual to seek out other work because you’re not making the money that you want to be making.”

💅 Richer US households fueling a hot job sector: 'wealth work' | Via Associated Press
AP’s Christopher Rugaber highlights one of the fastest-growing job categories of the past decade -- “wealth work.”

  • The number of massage therapist jobs, manicurists, and pedicurists has more than doubled in the past decade. The number of private chefs has quintupled.
  • The trend has coincided with the longest U.S. expansion on record, which surpassed the decade mark this month.

😳 National Survey Confirms We All Have Very Strange Habits Around Food Delivery | Via Delish
Delish’s Tess Koman takes a look at a new survey from US Foods examining the habits and pain points of consumers who use popular food delivery apps.

  • Twenty-eight percent of deliverers have taken a bite of the food they're delivering
  • A whopping 85 percent of people would like to implement tamper-proof packaging on their food.