Labor & Employment

New York -- J.C. Penney Co. on Tuesday announced that it is eliminating approximately 350 positions at its headquarters in Plano, Texas, completing a reorganization of its corporate office that it said was designed to create a leaner and more simplified operating structure.

PLANO, Texas — JCPenney is cutting approximately 350 positions at its headquarters as part of its plan to restructure the company.

Dallas – Tuesday Morning Corp. reported Tuesday that sales for the quarter ended June 30 edged up 0.8% to $196.4 million, compared with $194.8 million in the year-ago period.

Same-store sales rose 0.2%, comprised of a 2.7% decrease in traffic and a 2.9% increase in ticket. For the fiscal year ended June 30, 2012, net sales were $812.8 million compared to $821.1 million for fiscal 2011.

Based upon the results of the fourth quarter, Tuesday Morning said it expects to narrow its Q4 loss from last year’s quarter.

DALLAS — Tuesday Morning reported net sales for the fourth quarter ended June 30 of $196.4 million compared with $194.8 million for the quarter ended June 30, 2011, an increase of 0.8%. Comparable-store sales for the quarter ended June 30 increased by 0.2% compared with the same period last year, which was comprised of a 2.7% decrease in traffic and a 2.9% increase in ticket.

ALBANY, N.Y. — Trans World Entertainment has named John Anderson acting CFO, effective immediately. Anderson has served in positions of increasing responsibility at Trans World for over 18 years, most recently serving as controller since September 2006. Anderson will be replacing Tom Seaver who will be leaving the company to pursue other opportunities after a short transition period.

Raleigh, N.C. – Kerr Drug announced Monday it has promoted Mark Gregory to the position of senior VP store operations, effectively immediately.

Gregory, who was previously VP pharmacy and government affairs, will report to president and CEO Anthony Civello.
 

Seattle -- REI (Recreational Equipment, Inc.) said Tuesday it will make its state debut in Kansas in fall 2013, with a new store in Overland Park, Kan., a suburb of Kansas City.

The 23,500-sq.-ft. REI Overland Park will be located at Prairiefire at Lionsgate. Approximately 50-60 new hires are planned.
 

RALEIGH, N.C. — Kerr Drug has promoted Mark Gregory to SVP store operations, effectively immediately, the regional retail pharmacy chain said Monday.

Gregory, who was previously VP pharmacy and government affairs, will report directly to president and CEO Anthony Civello. He also is the company's privacy officer and chairman of its political action committee.