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Labor & Employment

  • American Apparel gets $300 million bid from group supporting Charney

    American Apparel on Monday said that it has received unanimous approval of all voting classes for its reorganization plan. But also on Monday, the company received a $300 million buyout offer from an investor group that has the support of American Apparel founder and ousted CEO, the controversial Dov Charney.

    The investor group, which is comprised of Hagen Capital Group and Silver Creek Capital Partners, said that its offer is superior to the company's reorganization plan, and has a valuation range of $180 million to $270 million.

  • Wheeler appoints new COO and CFO

    Virginia Beach, Va. -- Wheeler Real Estate Investment Trust announced Wilkes Graham will join the company as its CFO, effective Jan. 19. Graham will oversee corporate finance, accounting, investor relations and capital and financing strategies for the Company and will report to CEO and chairman, Jon Wheeler. He will succeed Steven Belote, who will remain with the Company as its COO.

  • The Container Store can't contain expenses in Q3

    The Container Store is cutting its guidance for the year after the company says expenses led it to report a loss in the third quarter.

  • Family Dollar CEO is leaving Dollar Tree

    Dollar Tree says Family Dollar CEO Howard R. Levine is stepping down as an officer of the company following the integration of Family Dollar.

    The company had previously announced that Levine would remain with the company for a period of time to assist with the integration, reporting to, and supporting, Dollar Tree’s CEO, Bob Sasser. Gary Philbin, who was named Family Dollar’s president and COO in July, will continue leading Family Dollar and will continue reporting to Sasser.

  • Report: Charney makes his move to take back American Apparel

    The saga — and drama — of American Apparel Inc. continues.

  • Former Pier 1 exec to lead Sally Beauty

    Sally Beauty Holdings is turning to a 25-year retail veteran to help the company boost sales and drive growth.

    Sharon M. Leite has been appointed president of the Sally Beauty Supply LLC, U.S. and Canada business, effective Feb. 1.

  • Q&A with Shoppers World CEO on his ‘Undercover’ experience

    Photos: Sam Dushey before his appearance on “Undercover Boss,” (photo, left) and after he underwent his undercover transformation (photo, right). Via CBS.com

  • The Finish Line stumbles in Q3, names new CEO

    The Finish Line has promoted its president to CEO and plans to close a quarter of its stores as the retailer said supply chain problems hurt its third quarter performance.

    The retailer announced that Sam Sato will succeed Glenn Lyon as CEO of The Finish Line, Inc., effective Feb. 28. Lyon will transition to the role of non-executive chairman of the board.

  • Former Walmart exec named head merchant at The Fresh Market

    The Fresh Market is turning to a veteran of Walmart, Stop & Shop and Food Lion to help the struggling food retailer boost sales.

  • RILA adds DC influencers to champion retail cause

    With the retail industry continuing to face abundant legislative challenges, the Retail Industry Leaders Association has made two key hires to bolster lobbying efforts during what promises to be a year of highly contentious presidential politics.

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