Roundup: Walmart nixes greeters / Penney pinching / House flipping down

    Left out: The tradition of being welcomed to Walmart by blue-vested “people greeters” will soon change at stores across the nation, USA Today reports. Walmart officials confirmed Wednesday that greeters, many of whom are disabled, will be replaced by “customer hosts,” which will still greet customers but will also have more physically demanding duties. To qualify, hosts need to be able to lift 25-pound packages, climb ladders and stand for long periods, meaning many greeters will be out of a job. Read the full story.

    Shrinking sales: J.C. Penney said it would close 18 more department stores and nine home and furniture stores this year, as the retailer struggles to stabilize its sales, The Wall Street Journal reports. The company said this morning that net sales fell 10% to $3.67 billion in the three months that ended Feb. 2. Unknown is whether any Louisiana stores will also close. Read the full story.  

    Flip flops: ATTOM Data Solutions, a property database curator, today released its Q4 and Year-End 2018 U.S. Home Flipping Report, which shows that 207,957 U.S. single-family homes and condos were flipped in 2018, down 4% from the 216,537 home flips in 2017. Baton Rouge came in the top 20 for highest home flipping rate, though specific data was not released. Read the full report.    

     

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