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Labor & Employment

  • Long-time Olympia Sports president to retire

    Olympia Sports announced that, effective Sept. 1, Dick Coffey, president, will be retiring.  Coffey has served Olympia Sports for more than 35 years, and for the last 12 years he has served as president. He will continue to be involved after his retirement as a member of the company’s board of directors and will consult on new store growth.

    The company has named Ed Manganello, general merchandise manager, as our new president effective Sept. 1.  Manganello started his career with Olympia in 1992.

  • American Apparel delays 2010 filing

    New York City -- American Apparel, which has yet to disclose certified financial results for 2009, has now delayed the filing of its 2010 annual report because it needs time to complete “reviews and analyses” of reports for both years. 

    The troubled retailer, whose founder and CEO Dov Charney was recently accused in a $260 million suit of using a former employee as a sex slave, did admit it expects to register losses for 2010, according to a filing with the Securities and Exchange Commission.

  • New Yorkers want Walmart; already got Target

    Walmart's efforts to open in New York City were helped last week when a new poll, released Friday, found that New Yorkers would shop at Walmart if one opened in the city. No kidding? Target is already there and New Yorkers love Target, so it stands to reason they will love Walmart too even though the companies offer a slightly different value proposition and Walmart comes with a lot more baggage.

  • Tiffany net up 29%

    New York City -- Tiffany & Co. said fourth-quarter earnings rose 29% as net sales jumped 12% to $1.1 billion. The company earned $181.2 million in the quarter compared with $140.4 million in the year-ago period. The latest quarter includes from the pending relocation of Tiffany's New York headquarters staff.

    For the full year, worldwide net sales increased 14% to $3.1 billion. Net earnings from continuing operations rose 39% to $368.4 million.

  • Bausch + Lomb names chief medical officer

    ROCHESTER, N.Y. — Bausch + Lomb on Friday appointed a clinical professor of ophthalmology to serve as the company's first-ever chief medical officer.

    As CMO, Calvin Roberts will coordinate B + L's research and development efforts across its vision care, pharmaceuticals and surgical business units.

  • Survey: Majority of New Yorkers would shop at Walmart

    New York City -- A new poll released Friday finds that New Yorkers would shop at Walmart if one opened in the city. According to the Quinnipiac University poll, 68% of New Yorkers said that if it were convenient for them, they would shop at Walmart. That is compared with 29% who said they would not.

    Nearly identical numbers of people say the chain's lower prices would eat into small business sales.

    Of those polled, 57% say they think elected officials should allow Walmart to move into the city, while 36% do not.

  • Study: Diverse workforce crucial to retail sales

    Chicago -- Retailers and consumer product manufacturers who create and maintain a diverse workforce are more likely to increase innovation and meet consumer needs than those who don’t, according to a new report by the Network of Executive Women.

  • This week in ethics and the madness of retail

    Retail is a hard enough business without muddying the waters with all sorts of activities that have nothing to do with selling stuff shoppers want and need. To recap, Target gave some money to a homophobic politician who a lot of people thought was a jerk, which created an uprising in the gay and lesbian community and resulted in the company adopting a new policy to govern the political contribution process.

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