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Labor & Employment

  • NAI Capital adds big-box specialist to retail executive roster

    Encino, Calif. -- NAI Capital announced it has appointed Vicki R. Donkin as senior VP within the firm’s Ontario, Calif., office, effective immediately.

    Donkin, who will specialize in investment and land sales/leasing, and marketing and cost benefit analyses for retail and non-retail properties, was previously VP with Present Value Properties of Tustin, Calif., where she marketed tenant and landlord big-box locations.
     

  • Delia's names two new board members

    NEW YORK -- Teen fashion retailer Delia's has announced the appointment of two shareholder representatives to its board of directors effective March 25. The two new directors are Michael Zimmerman, the founder and CEO of Prentice Capital Management, LP, and Mario Ciampi, the managing partner of Prentice Capital Management, LP. Zimmerman will also serve as a member of the corporate governance and nominating committee, and Ciampi will be a member of the compensation Committee.

  • A low price love affair

    It seems like this kind of stuff only happens at Walmart. A female employee at a Walmart store in Naples, Fla. bit off the tip of a co-worker’s ring finger during a fight over an alleged affair, the Associated Press reported this week. Collier County Sheriff’s deputies said they charged 43-year-old Clodia Coicour with aggravated battery stemming from the incident that took place outside the store where they both worked.

  • Wal-Mart establishes East Coast office in Atlanta

    Bentonville, Ark. -- Wal-Mart Stores said it will open a new office in Atlanta, positioning the retailer to more effectively manage nearly 1,600 stores in 20 eastern U.S. states and allow it to focus on opportunities to grow its business in states such as New York.

    The new eastern business unit will be run by Rosalind Brewer, president of Walmart East and executive VP of Walmart U.S.

  • Home Depot to nominate Staples CEO to board

    Atlanta -- The Home Depot board member David H. Batchelder has decided against standing for re-election. The company said Thursday that it is nominating Staples chairman and CEO Ronald L. Sargent and former accounting and consulting company executive J. Frank Brown for seats.

    Batchelder, 61, has been a Home Depot board member since 2007. He is the founder and principal of Relational Investors LLC.

    Sargent, 55, has served as Staples' CEO since 2002 and as chairman since 2005.

  • Home Depot director nominees include Staples CEO

    Ronald Sargent and Frank Brown -- the CEO of Staples and the dean of an international business school, respectively -- have been nominated for election to The Home Depot's board of directors at the company’s upcoming annual meeting on June 2.

    Separately, David Batchelder has informed the company that he has decided not to stand for re-election at the annual meeting. Batchelder, founder and principal of Relational Investors LLC, has been a director since 2007.

  • Talbots posts smaller-than-expected Q4 loss, accelerates remodels

    Hingham, Mass. -- The Talbots reported Thursday a narrower-than-expected fiscal fourth-quarter loss, and said it plans to expand its store re-image program to improve traffic. The chain also it expects to close as many as 100 stores over the next two years.

    Talbots lost $2.8 million in the quarter ended Jan. 29, compared with a loss of $1.5 million in the year-ago period.

    Net sales fell 7.4% to $292.6 million, compared with $315.9 million in the same period last year. Same-store sales dropped 7.3%.

  • New CEO named at Charming Shoppes

    BENSALEM, Pa.  -- Charming Shoppes has announced the appointment of Anthony Romano as the company's president and CEO and a member of the company's board of directors, and the appointment of Brian Woolf as group president Lane Bryant, effective immediately.  

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