Business News

Holiday Hiring Begins

Haggen is trying to sell part of its prescription business back to Albertsons before it's forced to take a loss on the pharmaceuticals. Now in Chapter 11 bankruptcy protection, Haggen has asked the court for approval to sell pharmacy records and inventory to Albertsons for nearly $13 million. Haggen bought the pharmacy assets from Albertsons earlier this year. Only three Oregon stores are involved two in Klamath Falls and one in Portland. (Oregon Live)


Wal-Mart will hire 60,000 employees this holiday season. The company also hired 60,000 people for holiday season jobs last year, but says it has more employees working more hours in its stores than it did in 2014. The company says most of its holiday-season employees stayed with the company after the holidays ended. The company has about 1.4 million workers in the U.S..  (AP)


The biggest competitor to Oregon’s largest company Nike is Under Armour. Under Armour expects to reach $7.5 billion in revenue by 2018, lifted by an expansion into new markets. Under Armour, got its start producing polyester workout shirts aimed at football players in the 1990s, has fueled growth by continually pushing into new categories. Sales in the most recent quarter rose 29%.  (Bloomberg)

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