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Labor & Employment

  • Home furnishings retailer confirms new CEO

    It's official: Crate and Barrel has confirmed that CEO Doug Diemoz has left the company.   Crate and Barrel announced Tuesday that board chair Neela Montgomery will become the new chief executive, effective August 1. In the interim, Montgomery will continue in her current position, working closely with Crate and Barrel president and chief merchant Steve 'Woody' Woodward, and COO Mike Relich.  

  • Bankrupt footwear retailer may close more stores

    Payless ShoeSource is seeking bankruptcy court approval to close more stores.   The chain, which filed for Chapter 11 bankruptcy protection at the beginning of April, may close up to 408 more stores, according to the Chicago Tribune. Payless had originally said it planned to shutter nearly 400 underperforming locations.   

  • Jewelry giant to outsource credit portfolio

    Amid slumping first quarter sales, Signet Jewelers on Thursday announced the first phase of the strategic outsourcing of its in-house credit program, in partnerships with Alliance Data and Progressive Leasing, a subsidiary of Aaron's.  

  • Sears Q1 sales fall 20% but posts first quarterly profit in two years amid cuts

    There was a glimmer of good news in Sears Holdings Corp.'s first quarter earnings report.    

  • Retail CEOs make voice heard in DC

    Twenty retail executives traveled to the nation's capitol on Wednesday to voice their opposition to the proposed border adjustment tax (BAT).   

  • Walmart in new pay policy for military workers

    Walmart  is stepping up its commitment to its workers who serve in the military by covering the difference when an employee's military salary is less than what the person makes working at the store.  

  • Walmart making big investment in Florida

    Walmart is expanding—and updating—its footprint in the Sunshine State.   The retailer will open nine new stores across Florida in its current fiscal year, creating more than 800 jobs, and also execute a multi-million-dollar capital investment plan by remodeling more than 40 locations across the state. Walmart currently operates 375 stores in Florida.    

  • NRF: Border tax would result in consumer price increases of 15% or more

    The proposed border adjustment tax would have a negative financial impact on retailers and consumers, as well.    Retailers would “have no choice” but to pass the higher costs on to consumers if Congress passes a proposed $1 trillion border adjustment tax as part of tax reform, the National Retail Federation warned on Tuesday.  
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