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Consumer Affairs & Relations

  • Report: J.C. Penney lays off 2,200 store and office associates

    New York -- The ax has fallen — again — at J.C. Penney Co. The retailer laid off approximately 2,200 employees in its stores and district offices on Wednesday, The Dallas Morning News reported.

    The majority of the staff cuts occurred in some 100 stores that had significant sales declines last year, spokeswoman Daphne Avilla said in the report, with Penney adjusting the employee count to match each store’s new level of business.

  • Walgreens to build nation’s first net zero energy retail store

    Deerfield, Ill. -- Walgreens announced plans to build what the company believes will be the nation’s first net-zero energy retail store. The store, which is predicted to produce energy equal to or greater than it consumes, will be located in Evanston, Ill., at the intersection of Chicago Avenue and Keeney Street, where demolition of an existing Walgreens store now is under way.

  • Rue21 legal head takes on additional responsibilities

    WARRENDALE, Pa. — Specialty apparel retailer Rue21has announced that Stacy Siegal, the company's current VP, general counsel and corporate secretary, has been promoted to the additional position of chief administrative officer. Siegal will continue to report directly to Bob Fisch, the company's president and CEO.

  • rue21 names chief administrative officer

    Warrendale, Pa. -- rue21 announced that Stacy B. Siegal, the company's current VP, general counsel and corporate secretary, has been promoted to the additional position of chief administrative officer.

    Siegal has served as the company's general counsel and corporate secretary since March 2010. In her expanded role, she will assume responsibility for human resources division while also retaining oversight of the company's legal matters, regulatory compliance and corporate communications.

     

  • Lowe's names president of Mexico division

    MOORESVILLE, N.C. — Lowe’s has named José Luis Pier Castelló as president/general director of Lowe’s Mexico, effective March 15. He replaces Francisco Fernandez, who has left the company. Pier Castelló will report to William Robinson, head of international operations and development.

  • Earnings surge makes PetSmart the cat's meow

    PHOENIX — PetSmart reported that its fourth quarter earnings were up 36% to $1.24. Comparable-store sales, or sales in stores open at least a year, grew 4.6%, benefitting from comparable transactions growth of 1.2%. Total sales for the quarter were up 15% to $1.9 billion.

    For the year, the company delivered earnings per share of $3.55, up 39% compared with $2.55 last year. Comparable-store sales grew 6.3%, benefitting from comparable transactions growth of 2.4%. Total sales for the year were $6.8 billion, up 11%.

  • Sycamore Partners to acquire Hot Topic for $600 million

    City of Industry, Calif. -- Hot Topic announced it has agreed to be acquired by New York-based private equity firm Sycamore Partners for $14.00 per share in cash, or a total of approximately $600 million.

    The agreement, unanimously approved by Hot Topic’s board of directors, represents a premium of approximately 30% over Hot Topic’s closing stock price on March 6, 2013.

  • Union claims Target Canada engaged in unfair hiring practices

    TORONTO, ONTARIO —  The Canadian arm of the United Food and Commercial Workers union has taken aim at Target for its alleged unfair treatment of former Zellers workers.

    The union claims that Target, which is converting 189 Zellers stores, is not giving former employees a fair shake in the hiring process and that many have been turned down for employment without reason.

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