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Pinterest rolls out buyable pins feature

BY Marianne Wilson

SAN FRANCISCO — Pinterest on Tuesday officially started its foray into e-commerce.

The social networking giant has started rolling out a “buy it” button on its pins on iPhone and iPad apps.  It also is launching new shop categories, including "Shop our picks," a curated selection of seasonal goods, and "Shop" for the latest buyable Pins.

Pinterest first announced the feature, called Buyable Pins, in early June, and named a few partners, including Jo-Ann Fabric and Craft Stores. In the coming weeks, “pinners” will have access to 30 million products available for purchase from a variety of retailers, including Macy’s, Neiman Marcus, and Nordstrom, along with retailers powered by Demandware, such as Michael’s and Gardner’s Supply Company, and thousands of Shopify stores.

Over time, Pinterest said it will make the feature available to Android and desktop users in the United States as well as international ones.

To read Pinterest’s blog on the new feature, click here.

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Retailers will feel impact of overtime pay expansion

BY Marianne Wilson

WASHINGTON — Retailers can expect their labor costs to rise under a new proposal from the Obama administration.
 
On Tuesday, the Department of Labor unveiled a proposal whereby salaried workers who earn up to $50,440 a year would be eligible for time-and-a-half overtime wages when they work more than 40 hours per week. That is more than double the current threshold of $23,660, or $455 per week, established in 2004.
 
The proposal would raise wages for 5 million white-collar American workers, according to the Labor Department’s estimates. According to a report on Business Insider, food service managers, first-line servers of food preparation and first-line supervisors of retail store workers are among the top 10 categories most likely to be affected by the rule.
 
The proposal does not need congressional approval to be adopted. It will undergo a comment period before the Labor Department determines what to include in a final rule next year.
 
The National Retail Federation has argued against the pay expansion.
 
On Tuesday, the group issued a statement criticizing the proposal.
 
“This proposal isn’t a law but it certainly reflects one — the law of unintended consequences at a time when the economy and those struggling the most can least afford it,” stated David French, senior VP for government relations at the NRF. Our research shows that the managers who would supposedly benefit oppose this plan and that few workers should actually see more take-home pay. There simply isn’t any magic pot of money that lets employers pay more just because the government says so.”
 
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Vitamin Angels announces golf bag winner

BY Lesley Thulin

NEW YORK — Vitamin Angels announced Dr. Jatin Joshi, CEO of InstaVit, as the winner of its golf bag giveaway at the recent ECRM Diet, Vitamin and Sports Nutrition event. 

The nonprofit dedicated to providing vitamins to pregnant women, new mothers and children under 5 years old will hold its third annual Coastal Golf Classic fundraising event on Sept. 25 at Sandpiper Golf Course in Santa Barbara, Calif. Organizers hope the event will help them expand their reach by 1 million children.

Vitamin Angels is currently working to provide vitamins to 40 million children around the world.

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