Skip to main content

Labor & Employment

  • CBRE announces two key hires

    Adam Cummings, an 18-year veteran of retail leasing, has been named senior VP and retail occupier practice leader at CBRE. Cummings will direct retail representation in the mall sector.   The company also announced the return of Matt Kircher as managing director and executive VP of its San Francisco office. Kircher began his real estate caeer at CBRE in the 1990s.  

  • Howard Schultz says he is ‘all in at Starbucks ... at this time’

    CNBC nabbed the first interview with Starbucks CEO Howard Schultz and COO Kevin Johnson since Schultz announced he would step down in April, and be succeeded by Johnson.   

  • Ascena Retail Group swings to Q1 profit but misses Street

    Ascena Retail Group reported a profit in its first quarter on lower costs, but it missed Wall Street expectations.    The company, whose banners include Ann Taylor, Loft, Lane Bryant, Dress Barn and more, reported net income of $14 million, or $0.07 per diluted share, in the first quarter, compared to a net loss of $18 million last year, or $0.10 per diluted share. Ascena’s income for the first quarter reflected lower purchase accounting adjustments and acquisition and integration costs.   

  • Starbucks CEO Howard Schultz stepping down; will hand reins to company COO

    Howard Schultz is leaving his post as CEO of the company he built into a global coffee empire, but he’s not retiring.   Schultz will step down as CEO of Starbucks Corp. on April 3, at which time he will be appointed executive chairman and shift his focus to the company’s new upscale initiatives — the design and development of Starbucks Reserve Roasteries around the world and the expansion of the Starbucks Reserve retail store format — along with its social impact programs.     

  • Kroger misses in Q3 as net income falls

    Kroger Co. lowered the higher end of its full-year adjusted profit forecast amid a “difficult” operating environment, marked by falling food prices and increased competition.    The nation’s largest grocery store operator reported net earnings of $391 million, or $0.41 per diluted share, and identical supermarket sales growth, without fuel, of 0.1% in the third quarter, which ended on Nov. 5. Net earnings in the same period last year were $428 million, or $0.43 per diluted share.  

  • JGA adds new executive position

    JGA has named Joanne Healy to the newly created position of executive VP, chief strategy officer.   Her responsibilities will span across strategy, creative and business development, bringing her unique perspective to the rapidly evolving world of retail, service and brand experience.    

  • Survey: Many retailers still plan to comply with overtime rule

    More than half (56%) of retailers plan to comply with the planned Fair Standards Labor Act (FLSA) overtime rule for exempt employees on Dec. 1, the date it was to go into effect, despite a Nov. 22 injunction that puts the plan on hold.   That is among the findings of a spot survey of U.S. retailers by the Hay Group division of Korn Ferry.    

  • Fast-growing convenience store operator implementing salary increase despite judge’s injunction

    Sheetz is moving forward as planned to implement the changes outlined in the new overtime rule.        
X
This ad will auto-close in 10 seconds