Rewind I: Wage Increases Squeeze Profits
Buffalo Wild Wings & Hersha Hospitality Trust Shine a Light on Jobs
When Toys R Us filed for bankruptcy a few weeks ago, we noted that part of its business plan - which, of course, gave JP Morgan ($JPM) and other DIP lenders comfort that the business is viable - included minimum wage increases to compete with Walmart ($WMT). Notably, Walmart subsequently…