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Labor & Employment

  • Coach taps former Saks exec as new finance head

    Coach announced the appointment of Kevin G. Wills as CFO, effective no later than March 2017.   Wills joins the upscale specialty retailer from AlixPartners LLP, a global business advisory firm, where he has served as managing director and CFO since March 2014.    

  • Sears gets another lifeline from CEO — this time backed with real estate

    For the second time in a week, Sears Holdings Corp. is borrowing money from the hedge fund of its CEO.   The embattled retailer has entered into a $500 million secured loan facility (maturing in July 2020) with ESL Investments, the hedge fund controlled by Sears chairman and CEO Edward Lampert. Of the total, $321 million was funded immediately, and an additional $179 million may be drawn in the future.  

  • HEIGHTENED SECURITY

    Preparedness is key for mall owners, retailers

    “Just wanting to make sure, No. 1, it is a safe environment; and No. 2, everyone knows it is a safe environment.”

    That was the comment Mark Peterson made to a local news station in Rockford, Ill., regarding his top priorities after undergoing what could easily qualify as every mall manager’s biggest nightmare.

  • Macy’s details store closings, restructuring amid poor holiday sales

    Macy’s gave more information about its previously announced store closing plans as it unveiled a series of actions to streamline its store portfolio, intensify cost efficiency efforts and execute its real estate strategy.   

  • Done deal: Penney sells headquarters campus in leaseback deal

    J.C. Penney continues to lower its debt load.    The retailed has sold its sprawling headquarters campus in Plano, Texas, to Dreien Opportunity Partners, general partner of Silos Opportunity Partners, for a gross sale price of $353 million before closing and transaction costs.  

  • Amazon making plans to enter a hot apparel segment

    Job postings by Amazon may have revealed the company’s newest apparel entry: athleisure.   Several online job listings published by Amazon in December suggest that the online giant is developing a line of workout apparel, reported ReCode.     

  • Fazoli’s Tackles Overtime Head On

    With some 2,975 team members in its 123 company-owned restaurants and support center, Fazoli’s, the nation’s largest fast-casual Italian restaurant chain, estimates 210 employees are directly impacted by the Department of Labor’s new overtime rules. CSA spoke with company president and CEO Carl Howard about the chain’s strategy regarding the regulations, which take effect on Dec. 1.

    How do you think the new overtime rule will impact your workplace?

  • Disruption Heads Up NRF’s Big Show

    As digital disruptors continue to alter retail operations, brands are working to harness these emerging innovations to drive engagement among shoppers and employees. Look for the National Retail Federation’s upcoming 106th annual convention to educate attendees on these and other critical business strategies.

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