Diversity & Inclusion

New York -- Dov Charney, the embattled founder and ousted CEO of American Apparel, is suing the retailer’s controlling shareholder, Standard General, for damages of at least $30 million.
 
Charney accused the hedge fund of an array of misdeeds, including defamation, false light, intentional interference with actual and prospective economic relations, unfair business acts and false advertising, according to a lawsuit filed Thursday in Los Angeles Superior Court.

Baltimore -- CVS Health officially announced it will rebuild its CVS/pharmacy Baltimore stores that sustained heavy fire damage during protests last week. The stores that will be rebuilt are located at 2509 Pennsylvania Avenue and 2560 West Franklin Street.
 

Sam’s Club is celebrating National Small Business Week in a very big way.

The retailer is launching the Small Business Economic Mobility initiative (SBEM), a five-year investment in small business growth through increased access to capital and borrower education, with grants totaling $13.6 million to eight national nonprofits.

Seattle -- Nordstrom may well be the first public company to have three presidents as co-presidents. The department store retailer on Tuesday announced that Blake Nordstrom, Pete Nordstrom and Erik Nordstrom have been named co-presidents of Nordstrom.

The new titles are, to a large extent, symbolic. The three executives will retain their current roles and responsibilities and will continue to serve on the Nordstrom board. There will be no change to their annual compensation.

Nordstrom may well be the first public company to have three presidents as co-presidents.

Kohl’s is showing its customers that it cares about the recent earthquake in Nepal by making a large donation through its Kohl's Cares program.

The retailer is awarding a $50,000 cash grant toward earthquake relief efforts in Nepal. Kohl’s is providing this donation to the American Red Cross, which is delivering much-needed emergency supplies and services in the impacted areas.

Secaucus, N.J. – Three days after an activist investor group filed a presentation with the Securities and Exchange Commission (SEC) urging the election of new board members and claiming poor performance, The Children's Place Inc. has its own investor presentation with the SEC.

The presentation endorses the re-election of three board candidates at the May 22 annual meeting: Norman Matthews (chairman of the board), Kenneth Reiss (chair of the audit committee) and Stanley W. Reynolds (member of the audit committee).

The CEO of Carter's Inc. and the former CFO of V.F. Corp. have joined the board of directors at the Fresh Market.

Michael D. Casey, CEO and a director of Carter’s Inc., and Robert K. Shearer, formerly CFO of V.F. Corp., have been named as independent directors effective May 1. With these additions, the Fresh Market’s Board has nine directors, eight of whom are independent directors.