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Labor & Employment

  • EEOC accuses Bass Pro of racial discrimination in hiring

    New York City -- The Equal Employment Opportunity Commission filed a lawsuit in U.S. District Court in Houston on Wednesday, charging Bass Pro Outdoor World with alleged racial discrimination in its hiring practices dating back to 2005, the Associated Press reported.

  • Apparel experts on Express exec track

    COLUMBUS, Ohio — Express announced Wednesday that it has promoted Matthew Moellering to the position of COO and appointed D. Paul Dascoli as CFO.  Moellering was previously chief administration officer and CFO.  

    Prior to Moellering's role as chief administration officer and CFO, he held a number of senior finance positions including CFO since he joined Express in 2006. Before joining Express, he served in various financial positions with Limited Brands and Procter & Gamble. Prior to that, he was an officer in the United States Army.

  • Lee & Associates names execs

    Chicago -- Commercial real estate firm Lee & Associates said it has added two senior VPs to its Chicago office.

    Joseph Herron and Jason Sorce have both joined Lee & Associates Chicago as part of the firm’s expansion in the Midwest.

    The firm also recently added Robyn Smart as a senior advisor in its Indianapolis office.

    Herron joins Lee & Associates from Mid-America Real Estate Corp., where he spent 10 years as a retail broker. Sorce was previously with SRS Real Estate Partners and NAI Hiffman.

  • Express names COO, CFO

    Columbus, Ohio -- Express has promoted Matthew C. Moellering to the position of COO, and appointed D. Paul Dascoli as CFO.

    Moellering was previously chief administration Officer and CFO. Dascoli most recently served as CFO for VF Jeanswear Limited Partnership, a division of VF Corp.

  • Walmart expands commitment to solar energy in California

    Sacramento, Calif. -- Walmart is taking its commitment to renewable energy to new levels in California. The chain announced plans to install solar panels on up to 60 additional stores in the Golden State. The initiative, done in partnership with SolarCity, expands the company’s solar portfolio to more than 75% of its locations in California.

  • AutoZone revs up 4Q sales, earnings

    MEMPHIS, Tenn. — Same-store sales growth and a number of new store opening helped Autozone deliver another impressive quarter, while helping the company maintain its position as a leading automotive parts retailer for both everyday consumers and professionals.

    Autozone reported net sales of $2.6 billion for its fourth quarter ended Aug. 27, an increase of 8.1% from the fourth quarter of fiscal 2010. Domestic same-store sales increased 4.5% for the quarter.

  • Vornado ups stake in J.C. Penney

    Plano, Texas -- J.C. Penney Co. said Monday in a regulatory filing that it has allowed shopping center owner Vornado Realty Trust to increase its stake in the department store retailer, from 9.9% to 15.4%.

    The move eases a poison-pill restriction that had prevented Vornado from previously buying additional J.C. Penney shares. It mirrors a deal struck with Penney’s largest shareholder William Ackman, who received the go-ahead to up his stake, held through his Pershing Square Capital Management hedge fund, from 16.5% to as much as 26.1%.

  • Holiday hiring seen as flat to slightly lower

    New York City -- Holiday retail hiring is expected to be flat or even slightly lower compared with last year, according to Challenger, Gray & Christmas’ annual holiday hiring forecast.

    The outplacement consulting firm said 627,000 seasonal retail jobs were created from October through December in 2010. The total was up 27% from 2009, and nearly double the 26-year low that occurred in 2008.

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