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Labor & Employment

  • Books-A-Million cleared to take over 14 Borders leases

    New York City -- A bankruptcy judge gave Books-A-Million the nod Monday to take over the leases of 14 Borders Group stores for just under $1 million.

    The stores are located mostly on the East Coast, and Books-A-Million is expected to take over the leases effective Sept. 20.
     

  • SRS Real Estate Partners names associate

    Dallas -- SRS Real Estate Partners has announced the hiring of Jon Switzer as an associate in the Austin/San Antonio office.

    Switzer will specialize in landlord representation, tenant representation, and be a part of the new SRS Urban team.
     

  • Lowe’s announces store operations and merchandising reorganizations

    Mooresville, N.C. -- Lowe’s Cos. is consolidating its store operations and merchandising organizations. The move is designed to improve efficiencies, increase speed to market for new products and services, and enhance the shopping experience for customers, the chain said.

  • Frederick's of Hollywood president agrees to resignation

    HOLLYWOOD, Calif. — Frederick's of Hollywood Group has announced that the company and Linda LoRe have mutually agreed that, effective Sept. 2, LoRe will resign both as president and as a member of the board of directors of the company and its subsidiaries.  She will continue her employment through Jan. 20, 2012, and will assist in the orderly transition of her responsibilities to senior members of the company's current management team.

  • Report: J.C. Penney CEO to receive big exit payout

    New York City -- J.C. Penney Co. CEO Myron "Mike" Ullman is on track to receive a hefty exit package when he retires from the company in early 2012. The package currently is valued at about $30.7 million, according to an analysis prepared for The Wall Street Journal.

    Ullman will be succeeded by Apple retail guru Ron Johnson.

  • Massmart to increase store count by 8.6%

    Johannesburg -- Massmart Holdings Ltd., the South African retailer controlled by Wal-Mart Stores, announced Thursday it will up its store counts in fiscal 2012 by 8.6% to 340 stores. The company will open 27 new stores during the period, mostly in South Africa and two in Nigeria.CEO Grant Pattison said the accelerated pace is to keep the company in front of its competitors.

    Also on Thursday, Massmart reported an 11.6% rise in total sales for the year ended June 26 to $7.29 billion, and upped its forecast for the remainder of 2011.

  • A good 'Apple' named as Jobs replacement

    CUPERTINO, California — Apple announced that it has named Tim Cook, previously COO, as the company's new CEO, replacing Steve Jobs who has resigned from the position. Jobs has been elected chairman of the board and Cook will join the board, effective immediately.

  • Dillard's divisional merger will eliminate 66 workers in St. Louis

    Little Rock, Ark. -- Dillard’s said Thursday it has offered to relocate 66 St. Louis employees whose jobs have been eliminated from the department store retailer’s merger of two merchandising divisions.

    Dillard’s is merging its St. Louis merchandising division with another in Little Rock, Ark. The St. Louis division is slated to close Oct. 23.
     

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