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Labor & Employment

  • Commentary: Retailers need to join forces to solve patent troll problem

    Diane K. Lettelleir, senior managing counsel of JCPenney Corp., discusses why retailers can’t wait for the government to solve the patent troll problem in the commentary below:    JCPenney and numerous other retailers have been hunted for the last decade by patent trolls that aggressively file suits based on overly broad claims in patents against related but distinct technologies. JCPenney alone has endured dozens of patent troll lawsuits over this period.   

  • Beauty powerhouse preps for sixth DC

    Ulta Beauty is getting ready to break ground on its newest distribution center.  

  • Longtime CEO of PacSun out

    There’s been a change at the top of teen apparel retailer Pacific Sunwear of California (PacSun).   Chief executive Gary Schoenfeld has departed the chain, which is owned by Golden Gate Capital. The news was first reported by shop-eat-surf.com   Schoenfeld had served as CEO of PacSun since 2009. No reason was given for his departure.   

  • Tough Q4 for teen apparel retailer

    The Buckle reported earnings for its fourth quarter that missed expectations amid a rough market for teen retailers.    Net income for the quarter ended Jan. 28 was $36.0 million, or $0.75 per share ($0.74 per share on a diluted basis), compared to $98.0 million, or $2.04 per share ($2.03 per share on a diluted basis).   Buckle’s net sales fell 15.7% to $280.0 million, from $332.0 million for the prior year.   Same-store sales for the quarter decreased 16.1%.

  • Office supplies giant’s Q4 revenue, profit falls short

    Staples swung to a loss in its fourth quarter, and said it would close more stores in 2017.   The retailer reported a net loss of $615 million for the quarter ended Jan. 28, or $0.94 per share, compared to a profit of $86 million, or 20 cents per share, for the year-ago period. Adjusted non-GAAP earnings came in at $0.25 per share, one cent below the consensus estimate.  

  • Dunkin’ Donuts expanding in the South

    Dunkin’ Donuts is growing its footprint in Alabama and Mississippi.   The chain signed development agreements with two franchise groups to develop 17 locations throughout the two states during the next several years.   Existing franchisee Birmingham Donut Holdings plans to develop nine new Dunkin' Donuts restaurants in Birmingham, Alabama.  The group currently operates 34 restaurants throughout Alabama and Florida.   

  • Veteran retailer takes control at Land’s End

    Lands’ End has a new person at the top.   Jerome Griffith has officially taken the reins as CEO of the company, and also joined the board of directors. He succeeds Joseph Boitano and James Gooch, who have served as co-interim CEOs since September 2016, when CEO Federica Marchionni was forced out after less than two years amid an ongoing sales slump.  

  • CBRE staffs up its Bay Area office

    CBRE made known its intent to make an aggressive push in San Francisco with its December hire of Matt Kircher, a veteran of Terranomics with more than 20 years of leasing experience in Northern California. This week CBRE filled out the new director of leasing’s executive staff.   Joining Kircher are first vice presidents Jessica Birmingham, Annie Prupas, and Katie Singer; vice president Drew Greenspan; associate broker Meaghan Haley; senior GIS specialist Gary Palubicki; and client services coordinator Andrea Chavez.
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