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4-Traders Homepage  >  Equities  >  Nasdaq  >  Finish Line Inc    FINL

Delayed Quote. Delayed  - 07/29 10:00:00 pm
21.73 USD   +0.46%
07/19 MACY : Finish Line Stores for Blocking, Locking Emergency Exits
07/19 MACY : and the Finish Line Aren't Coming in First with OSHA
07/14 FINISH LINE : Declares Quarterly Cash Dividend, Board Authorizes New..
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Macy : Finish Line Stores for Blocking, Locking Emergency Exits

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07/19/2016 | 03:16am CEST

OSHA issued Macy’s Inc. and The Finish Line $103,220 in penalties after the retailers failed to clear clutter resulting in blocked exit routes and no access to electrical disconnect switches.

A federal workplace safety inspection of the Macy's department store in Aventura, Florida found employees at risk due to repeated and serious violations related to blocked exits, improper housekeeping and electric shock hazards.

OSHA initiated an inspection on Jan. 15, 2016, after receiving a complaint concerning several workplace injuries and hazards. The agency's inspectors then cited Macy's and The Finish Line of Indiana, doing business as The Finish Line Inc., for 14 safety and health violations. An athletic footwear, apparel and accessories retailer, The Finish Line rents space in Macy's stores.

Since 2007, OSHA has inspected Macy's Inc. locations 42 times and issued citations for blocked exits, obstructed access to electrical disconnect panels and using flexible cords instead of permanent wiring.

"Macy's continues to ignore OSHA standards and previously cited violations that relate to blocked emergency exits and access to electrical disconnect panels that puts employees at risk of serious injury or death," said Condell Eastmond, OSHA's area director in Fort Lauderdale in a statement. "The retailer has a long inspection history and is aware that all of its facilities' exits must remain unobstructed so that employees can safely escape in the event of an emergency."

OSHA issued three repeated citations to Macy's for, allowing access to electrical disconnect switches to be blocked with metal racks, boxes and a ladder, exposing workers to electric shock hazards by using flexible cable instead of fixed wiring and exposing employees to fire hazards due to exit routes not being clearly marked.

The serious citations include improper housekeeping in the receiving and storage areas, allowing exit doors to be locked with a padlock, not ensuring exit routes are kept free and unobstructed and exposing workers to electric shock hazards due to unprotected wiring entering an outlet box and a missing ground pin on an electrical plug.

The agency also cited two serious violations to The Finish Line for failure to keep the storage area clean and free from clutter and blocking exit routes.

In addition, OSHA cited Macy's for three other-than-serious violations for a lack of exit route signs, not providing signs on doors that are not an exit and failing to mount and identify the location of fire extinguishers. The Finish Line was also issued one other-than-serious citation for failing to mount fire extinguishers.

Combined, Macy's and The Finish Line face $103,220 in penalties.

The companies have 15 business days from receipt of its citations and proposed penalties to comply, request a conference with OSHA's area director, or contest the findings before the independent Occupational Safety and Health Review Commission.

The citations for the two companies can be viewed at:
http://www.osha.gov/ooc/citations/MacysandTheFinishLine111811_1134919.pdf

© 2016 Penton Media, source Trade Journals Open Web

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Financials ($)
Sales 2017 1 952 M
EBIT 2017 100 M
Net income 2017 64,3 M
Finance 2017 41,0 M
Yield 2017 1,76%
P/E ratio 2017 14,04
P/E ratio 2018 12,67
EV / Sales 2017 0,44x
EV / Sales 2018 0,44x
Capitalization 896 M
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Mean consensus OUTPERFORM
Number of Analysts 20
Average target price 22,0 $
Spread / Average Target 1,6%
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Managers
NameTitle
Samuel Michael Sato President, Chief Executive Officer & Director
Glenn S. Lyon Executive Chairman
Melissa Greenwell Chief Operating Officer & Executive Vice President
Edward W. Wilhelm CFO, Executive VP & Head-Investor Relations
Daniel S. Marous Executive VP-Supply Chain & Information Technology
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