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Finance & Capital Management

  • Chipotle selects Incentives Advisors to maximize hiring credits

    Tempe, Ariz. -- Incentives Advisors, which specializes in turning human resources departments into profit centers by identifying, administering and securing hiring-related government incentives, added Chipotle Mexican Grill to its customer roster. The company will deploy Incentives+ tax credit screening solution to make it easy to screen job candidates for over 100 federal, state, and local hiring credits.

  • Skechers sues Sears

    New York City -- Skechers USA has sued Sears Holdings Corp, alleging that the chain was selling footwear that infringed on some of Skechers brands, including its toning Shape-ups line, Reuters reported.

    "While we value our relationship with Sears, their actions are causing us tremendous damage, and we simply cannot let any company, let alone a company the size of Sears, infringe on our most valuable intellectual property," Philip Paccione, general counsel of Skechers, said.

  • Walmart extends offer to Illinois-based Amazon affiliates

    SPRINGFIELD, Ill.  -- Walmart has joined the likes of Sears and Barnes & Noble in offering Amazon.com affiliates the opportunity to join its own network. The retailer today issued an open invitation to all Illinois online affiliates to explore the opportunity to join Walmart.com's affiliate network. This invitation comes as Amazon.com and Overstock.com threaten to terminate their relationships with all Illinois affiliates should H.B. 3659 (Main Street Fairness Act) be signed into law.

  • Smucker makes changes to executive team

    ORRVILLE, Ohio  -- The J. M. Smucker Company announced several executive appointments. Effective Aug. 16, Richard K. Smucker will become the sole CEO of the company.  Timothy P. Smucker will continue to serve the company as chairman of the board.

    The board of directors also approved the following additional executive appointments and realignment of responsibilities effective May 1:

  • Ascena Retail Group names HR head for Dressbarn

    Suffern, N.Y. -- Dressbarn parent Ascena Retail Group announced Monday it has named John Pershing as senior VP human resources over Dressbarn, with additional responsibilities for Ascena Retail Group’s compensation, benefits and human resources information system.

    Pershing will report to Jeff Gerstel, executive VP and COO, effective immediately. Pershing succeeds David Montieth, who announced his retirement after 20 years with the company.

  • Retail container traffic to be up 11% in March

    Washington, D.C. -- A report released Monday by the National Retail Federation and Hackett Associates said that import cargo volume at the nation’s major retail container ports is expected to be up 11% in March, as compared with the same month last year.

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