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Labor & Employment

  • Penney starts search for a new CFO

    J.C. Penney's finance head of three years is leaving to "pursue other interests."    Edward Record stepped down as CFO of Penney effective July 11, according to a regulatory filing. He will remain in an advisory capacity with the company until Aug. 7. Andrew Drexler, Penney's senior VP and chief accounting officer and controller, will serve as interim CFO while the retailer searches looks for Record's replacement.  

  • Amazon distribution center set for Lake Nona

    One of the nation’s fastest-growing communities shows no signs of slowing down.    Amazon has selected the master-planned town outside Orlando as the site of an 850,000-sq.-ft. distribution center set to open in 2018. It will create more than 1,500 full-time jobs, according to Amazon’s VP of North America Operations Akash Chauhan.  

  • Children's clothing retailer details store closings

    Gymboree Corp. is "right-sizing" its store footprint.  

  • Barnes & Noble names head of stores

    A former Advance Auto and Starbucks executive has joined the executive team of the nation's largest bookstore chain.    Barnes & Noble said that Carl Hauch has been named VP stores, effective immediately. Hauch will be responsible for the entire retail store organization and profitable growth of the business, driving sales, training, developing talent and recruitment.     

  • Cushman names director of Palm Beach brokerage

    Cushman & Wakefield has tapped Dominic Delgado as senior director of its retail brokerage for Palm Beach and Broward County, Florida.   Delgado moves over to Cushman from LDR Partners, a Florida firm that focused on acquisition of low-performing retail, office, and hospitality real estate during the recession. As executive VP there, Delgado represented a mix of national and regional developers and REITs.  

  • Two California grocers to merge; more stores planned

    Two Hispanic supermarket chains are merging with an eye to extending their footprint beyond their home base.    Private equity firm KKR announced it is combining Cardenas Markets and Mi Pueblo, which KKR (and Victory Park Capital) acquired at the end of last year. The combined business will operate as Cardenas Markets LLC and will become one of the largest Hispanic supermarket chains in the country.   

  • BDO: The top risk factors for retailers are....

    Consumer confidence remains strong, but that's not stopping retailers from worrying about the economy.   General economic conditions ranked as a top risk factor for the 9th consecutive year in an annual ranking of the top 25 risk factors by retailers, cited by 100% of respondents. Cybersecurity and regulatory concerns shared the top spot with the economy.  

  • Westlake Ace Hardware hits store milestone

    Westlake Ace Hardware has officially hit the 100-store milestone with the acquisition of two new stores.   The hardware store chain has finalized its acquisition of two Q.P. Ace Hardware stores in the Omaha area, bringing its total retail hardware location count in the U.S. to 100.  
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