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Labor & Employment

  • Consumer spending down in June

    Washington, D.C. -- A Tuesday report from the Commerce Department showed that consumer spending dropped 0.2% in June, to $21.9 billion.

    Personal income was virtually flat for the month, increasing 0.1% to $18.7 billion, which was in line with estimates.

  • Sears Holdings names Land's End leader

    HOFFMAN ESTATES, Ill. — Sears Holdings announced that Edgar Huber has joined the company as CEO and president of Lands' End.  Huber is responsible for driving growth and profit opportunities for Lands' End, as well as continuing to drive the culture that provides customers with the quality, value and service that the brand has long been known for.  He was most recently EVP global business development for Liz Claiborne Inc.

  • Publix stock rises on strong quarter

    LAKELAND, Fla. — Investors will wish even harder that Publix would go public, now that the company has reported strong quarterly results and a jump in its private stock price.

    Publix, which is not publicly-traded company, said that its stock price rose from $21.65 per share to $22.05 per share, effective Aug. 1. The stock is only available to current Publix associates and members of its board of directors.

  • Sears names CEO of Lands’ End

    Hoffman Estates, Ill. -- Sears Holdings Corp. announced Monday it has hired Edgar O. Huber as CEO and president of Lands' End.

    Huber most recently was with Liz Claiborne, where he was the executive VP global business development. He will be based at Lands' End's home office in Dodgeville, Wis.
     

  • Target helps Minot get back to school with flood relief

    MINNEAPOLIS — Target announced that it has donated $15,000 in monetary support and product to assist with Minot, N.D. flooding relief efforts. The company said its donation will help four Minot schools, including Long Fellow, Perkett, Eric Ramstad and Lincoln. Each school will receive $3,000 to support classroom relocation efforts due to flood damage.                             .

  • Solving the Pay Structure Puzzle of International Growth

    By Craig Rowley, [email protected]

  • Starbucks: Record Q3 prompts increased store openings

    Seattle -- Starbucks Corp. reported Thursday that it scored record results in the quarter ended July 3, prompting the retailer to accelerate its 2012 new store opening targets to 800 net new stores globally.

    Starbucks grew profits 34% in the third quarter, to $279 million from $208 million in the year-ago period. Sales rose 12% to $2.9 billion from $2.6 billion, topping Wall Street estimates.

    Same-store sales globally surged 8%, buoyed by a 6% increase in traffic and a 2% increase in average ticket.

  • NRF urges Congress to raise debt ceiling

    WASHINGTON — The National Retail Federation announced that it is urging Congress to reach an agreement and raise the debt ceiling in order to avoid default.

    NRF president and CEO Matthew Shay issued the following statement:

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