Labor & Employment

WOONSOCKET, R.I. — CVS Caremark has announced the appointment of Randy Falkenrath as SVP specialty pharmacy, with responsibility for the ongoing development of clinical programs and product management to support the company's specialty pharmacy business.

Listening to the debate over the years about whether India should allow foreign direct investment in its retail industry sounded an awful lot like the opposition Walmart has dealt with for decades in the United States.

Hingham, Mass. -- Talbots Inc. reported Thursday a loss of $22 million for the third quarter, compared with a profit of $17 million in the year-ago period. It was the apparel retailer’s third loss in four quarters. Talbots has posted an annual loss in three of the last four years.

Chelmsford, Mass. -- A report released Thursday by Kronos Inc. found that hiring in the retail sector continues to make marked improvements. The Kronos Retail Labor Index, which analyzes the current state of the demand and supply sides of the labor market within the U.S. retail sector, rose to 4.2% in November 2011, from a downwardly revised 3.5% in October. This was the highest reading since October 2008 and the second reading of 4% or higher in the last three months.

New York City -- Lee Scott, the former CEO of Wal-Mart Stores, sold 100,000 shares in the company on Friday, reducing his direct stake in the company by about 14%, according to a filing released late on Tuesday, Barrons reported.

Scott sold the shares for $57.17 each on average. He still owns about 607,000 shares directly, not including any options he may still have, the report said. Scott had not sold shares since March 2010, when he also sold about $5.7 million worth, according to InsiderScore.com.
 

NEW YORK  — Republican and Democrat retail executives both have something to look forward to in 2012 as former presidents Bill Clinton and George W. Bush are scheduled to speak at major industry events.

Clinton is first up at the National Retail Federation annual convention in New York on Jan.16, while Bush will serve as the keynote speaker at the National Association of Chain Drug Stores annual meeting in Palm Beach, Fla. April 21 to 24. 

Garden City, N.J. -- Sabre Real Estate Group said that Anthony Russo has joined the New York metropolitan area’s newest retail real estate brokerage, Sabre Realty Group LLC, as VP.

Russo began his career with Bagnato Realty Services, now called NAI Long Island.
 

Pittsburgh -- Dick's Sporting Goods said Tuesday that it will build a new distribution center in Goodyear, Ariz., that will service the western United States. The new DC, which is expected to bring approximately 120 jobs to the area, is slated to open in early 2013.

The distribution center will be designed to ultimately support approximately 160 stores as Dick's Sporting Goods grows its store base in the western United States over the next five to 10 years and is eventually expected to employ up to 300 associates.