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Labor & Employment

  • Former Target merchandising exec joins specialty coffee retailer

    A Target veteran has joined the leadership team of Caribou Coffee.      John Butcher, who most recently served as senior VP merchandising: beauty and DermStore, has been tapped as president of Caribou Coffee. Butcher joined Target in 1997, working his way up through the ranks serving in various operations and merchandising roles, including serving as VP and general merchandise manager, electronics.     

  • Online giant’s fulfillment network enters new territory

    Amazon is once again expanding its distribution fleet — this time in the Beehive State.   The online giant will open an 855,000 sq. ft. fulfillment center in Salt Lake City — the company’s first warehouse in Utah. The facility, which will employ 1,500 full-time hourly associates, will pick, pack, and ship smaller customer items, such as books, electronics and toys.  

  • Happy Fourth!

    The Chain Store Age offices will be closed July 4 in honor of Independence Day. Daybreaker will resume publishing July 5. Have a fun and safe holiday!

  • Regulatory Wrap-Up: Where state and national policy impact retail

    Wages

  • Private equity fund acquires specialty retailer

    West Marine Inc. is going private.   The retailer of boating gear, apparel and other waterlife-related products has agreed to be acquired by New York-based Monomoy Capital Partners for $12.97 per share. The deal has a total equity value of $338 million.  Following the close of the deal, West Marine will continue to be operated independently by the company's management team.  

  • Walgreens cancels deal to buy Rite Aid

    Walgreens Boots Alliance has announced a new Rite Aid deal, effectively ending its nearly two-year quest to acquire the Camp Hill, Pa.-based drug store chain. The divestiture agreement with Fred's Pharmacy, whereby Fred's would buy 865 stores, is also terminated.  

  • Supervalu exec joins Kohl's leadership team

    Kohl's has ended its search for a new finance chief.   The retailer has appointed Bruce H. Besanko to the position of CFO, effective July 10.  He will replace Wesley McDonald, who announced plans in November to retire this spring after 14 years with the company.  

  • Under Armour taps former Aldo CEO for key role amid management changes

    Under Armour founder and CEO Kevin Plank is stepping back from his role as president.   The sporting goods company announced that retail veteran Patrik Frisk will become president and COO, effective July 10. He will have responsibility for the company's go-to-market strategy and the successful execution of its long-term growth plan and report directly to Kevin Plank, who has also held the title of president since 2010.  
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