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Labor & Employment

  • Gap exec joining parent company of Men’s Wearhouse

    The new year will bring a new finance chief to Tailored Brands.  

  • American Apparel gains court approval of bankruptcy loan

    American Apparel witnessed a bright light in its ongoing financial saga.   The beleaguered specialty retailer has court approval to use the remainder of its $30 million bankruptcy loan. American Apparel filed Chapter 11 in November, its second filing in 15 months.   

  • Chairman of Pier I Imports to fill in as CEO

    Still on the hunt for a new chief executive, Pier 1 Imports has tapped its chairman to serve in the role on an interim basis.     The home furnishings and décor retailer has appointed Terry E. London, chairman of the board, to the position of interim president and CEO. His appointment takes effect on January 1, 2017, in conjunction with the planned departure of Alex W. Smith, the current president and CEO of Pier I, on December 31, 2016.  

  • Analysis: Neiman Marcus’ debt burden ‘completely unsustainable’ for firm of its scale

    Neil Saunders, CEO of Conlumino, comments on Neiman Marcus’ first quarter results below:  

  • Lowes Canada gives update on acquisition

    Lowe's Canada has made some strides since it acquired RONA Inc. in May.   At the time, the company had made a number of promises to RONA stakeholders, including that it would maintain RONA's multiple retail banner strategy, its local and ethical procurement strategy, and the vast majority of its employees and senior executives. It also promised to enhance distribution services to affiliate dealers, among other things.  

  • Four promoted at Mid-America

    Four senior executive promotions have been announced by Mid-American Real Estate Corporation.   Brian Adams, Greg Bayer, and Willie Hoag have all been named principals at the Oakbrook, Illinois-based company, a real estate services company that also operates in Michigan, Minnesota, and Wisconsin. Peter Scannell has been promoted to senior VP.  

  • Lidl’s U.S. launch gains momentum

    Lidl has made bold moves this week in preparation of its upcoming United States launch.   The company has acquired the site of an industrial building in Philadelphia’s Port Richmond neighborhood, which could be the chain’s first location in Philadelphia, according to philly.com.   

  • Interim CEO of Limited Stores joins fast-growing specialty retailer

    Altar'd State, a fast-growing women's fashion brand with more than 70 stores, has added to its senior leadership team with two retail veterans.   John Buell has joined Altar'd State as senior VP, CFO. Buell is a 13-year Limited Stores veteran, having most recently served as Interim CEO. Prior to joining Limited, Buell spent 15 years at Sears, Roebuck, and Co.   
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