​How retailers can respond to minimum wage and...

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Retailers already facing minimum wage increases across the country are now also facing new federal overtime rules that may further affect their labor costs. As if cultural shifts in consumer preferences and buying habits are not enough to deal with on the top line, the new labor policies pose additional challenges on the bottom line. Currently, salaried workers who make $23,660 or less are eligible for time-and-a-half overtime pay if they exceed 40 hours a week. Starting Dec. 1, 2016, the salary…